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November 26, 2012
Former Boston Merrill Lynch Financial Advisor Facing Securities Fraud

Jane E. O'Brien, 59, of Needham, MA, is facing securities fraud for allegedly bilking her client out of $240,000. O'Brien was working for Merrill Lynch in Boston as a financial advisor at the time. O'Brien allegedly told an elderly woman she was investing her money in thousands of shares of a New Hampshire-based company called […]

October 2, 2012
Lars Soreide, of Soreide Law Group, Wins $158,000 Award for Clients from Harvest Capital, LLC, for the Sale of Fictitious Notes from their Former Registered Representative, Gregg Rennie

FINRA Case Number 11-01278, awards $158,250.00 to the defrauded Claimants for the alleged supervisory failures of Harvest Capital, LLC, of Gregg Rennie and his branch office. Rennie is now serving a prison sentence for selling fictitious notes to investors. Since early 2007, Gregg Rennie, the popular radio host and financial advisor, defrauded numerous clients approximately […]

September 19, 2012
Georgia Rep Barred by FINRA for Giving Out Client's Confidential Bank Account Information

Carlos Dawkins aka Andy Dawkins (CRD #5340915, Registered Representative, Douglasville, Georgia) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Dawkins consented to the described sanction and to the entry of findings that he improperly shared […]

August 20, 2012
Coconut Creek, FL, Rep Barred by FINRA

Valerie Helen Silverstein (CRD #1413711, Registered Representative, Coconut Creek, Florida) was barred from association with any FINRA member in any capacity. Without admitting or denying FINRA's findings, Silverstein consented to the described sanction and to the entry of findings that she had a pre-existing relationship with an individual when he became a customer of her […]

August 20, 2012
North Palm Beach, FL, Rep Barred by FINRA

William Thomas Johnson Jr. (CRD #1189117, Registered Representative, North Palm Beach, Florida) was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Johnson consented to the described sanction and to the entry of findings that he received approximately $47,000 from a customer after Johnson made the representation, which […]

July 27, 2012
Agent Charged In Life Insurance Fraud

On July 25th., 2012, the U.S. Attorney's Office in Baton Rouge, La.,  charged Timothy R. Schlatre with mail fraud, money laundering and asset forfeiture for his alleged role in a life insurance scam. Schlarte was an agent for New York Life Insurance Co. and Lincoln National Corp. He allegedly made hundreds of thousands of dollars in commissions by selling […]

July 26, 2012
Michael Todd Crosswhite Pleads Guilty in Alleged $1million Ponzi Scheme

It was recently reported that Michael Todd Crosswhite, 42, of Forest, Virginia,  a financial adviser, admitted that he stole more than $1 million from his clients. They stated that Michael Todd Crosswhite pleaded guilty to wire fraud and money laundering during a hearing in U.S. District Court in Lynchburg. The prosecutors in this case said that Crosswhite […]

July 18, 2012
FINRA Awards $1.9 Million in Churning Case

JHS Capital Advisors Inc. and a former broker, Enver R. Alijaj, were fined $1.9 million in a Finra arbitration last week stemming from allegations that the broker traded in a client's account excessively to generate commissions. The broker was also forced to pay $500,000 to settle a previous charge of churning. Churning is illegal and unethical. On the […]

July 12, 2012
New York Rep Barred by FINRA

Thomas Edward Kelly (CRD #1386403, Registered Principal, Johnson City, New York) was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Kelly consented to the described sanction and to the entry of findings that he engaged in a scheme to defraud investors, including firm customers, of funds totaling […]

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