Do security futures, a high risk investment, have a place in your investment portfolio? Depending on your risk tolerance, a key component of financial planning, and your understanding of security futures contracts, writes Adriana Reyneri, in an October article from "Millionare Corner." “Security futures involve a high degree of risk and are not suitable for […]

Stephanie Lee Webster (CRD #2424488, Registered Representative, Fort Lauderdale, Florida) was fined $5,000 and suspended from association with any FINRA member in any capacity for 15 business days. Without admitting or denying the findings, Webster consented to the described sanctions and to the entry of findings that she attempted to settle a customer’s complaint, without […]

Alan Bruce Levin (CRD #3073530, Registered Principal, Coral Springs, Florida) was fined $10,000 and suspended from association with any FINRA member in any principal capacity for 10 business days. Without admitting or denying FINRA's findings, Levin consented to the described sanctions and to the entry of findings that, as his member firms’ FINOP, he allowed […]

FINRA publishes this quarterly review to provide firms with a sampling of recent disciplinary actions involving misconduct by registered representatives. This sample includes settled matters and decisions in litigated cases (National Adjudicatory Council (NAC) decisions and SEC decisions in FINRA cases). These summaries call attention to, and remind registered representatives and member firms of, specific […]

The Financial Industry Regulatory Authority (FINRA) has fined Guggenheim Securities, LLC, of New York, $800,000 for failing to supervise two collateralized debt obligation (CDO) traders who engaged in activities to hide a trading loss writes the editor of the Corporate Crime Reporter in a recent article. Also, Alexander Rekeda, the former head of Guggenheim’s CDO […]

In a recent Reuters article, they write that FINRA, or The Financial Industry Regulatory Authority, is examining major brokerages regarding potential conflicts of interest and financial incentives associated with the sale of complex securities, said the Wall Street regulator's chief. Richard Ketchum, FINRA's chairman and chief executive, said that FINRA is looking "very closely" at […]

The following article appeared October 4th., 2012, in The Patriot Ledger, and was written by Steve Adams. "Financial Company on the Hook for Quincy Scammer" By Steve Adams The Patriot Ledger Posted Oct 04, 2012 @ 06:06 AM QUINCY — A couple who lost $255,000 to a Quincy financial adviser’s investment scam will receive a […]

Broker-dealers' falling short in due diligence when selling complex, illiquid products has been a focus of FINRA examinations and fines since the market collapse of 2008, writes Bruce Kelly of InvestmentNews.com. FINRA recently fined and sanctioned a handful of broker-dealers that sold two series of private placements that imploded in 2009 — Medical Capital Holdings […]

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 […]