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August 24, 2022
David Stevens Barred By FINRA Over Actions At Park Avenue

The Financial Industry Regulatory Authority (FINRA) contains important information regarding securities broker David Michael Stevens (CRD#: 2830472, La Jolla, California). Evidently, Stevens worked for securities firms Northwestern Mutual Investment Services (2011 to 2013), MML Investors Services (2014 to 2015), and Park Avenue Securities LLC (2015 to 2020). It seems that FINRA barred Stevens as a […]

April 8, 2015
SEC Charges Pacific West Capital Group and Owner with Fraud in Sales of Life Settlements

On April 8, 2015, the Securities and Exchange Commission (SEC) charged Los Angeles-based Pacific West Capital Group Inc. and its owner Andrew B. Calhoun IV, of Beverly Hills, with fraud in the sale of "life settlement" investments. ( "Life settlements" are securities which are structured when a life insurance policy "matures" after the insured individual […]

March 4, 2015
Illinois Broker Barred by FINRA for Misappropriating Clients Funds Intended for Insurance Premiums

Andrew James DeVine (CRD #5048058, O’Fallon, Illinois) was barred by FINRA for allegedly misappropriating $739 from clients of his member firm’s insurance affiliate by taking funds intended to pay insurance premiums and instead using the funds for his own personal benefit. (FINRA Case #2013038128101) Andrew James DeVine was registered in the securities industry for 7 […]

February 26, 2015
FINRA Barred Rep Over Payment of Life Insurance Premiums

DEANNA R. MC CLEAN (CRD #4222057, Rock Island, Illinois) was barred by FINRA for allegedly using her own personal funds to pay life insurance premiums for clients to ensure that their policies did not lapse and, to qualify for the highest possible commission rate paid by her member firm’s affiliate. FINRA's findings stated that McClean’s […]

June 16, 2014
New Jersey Rep Barred by FINRA Over Alleged Insurance Fraud

Soreide Law Group, (888) 760-6552, obtained the following summation of information from FINRA’s website, in “Disciplinary and Other FINRA Actions, May, 2014.” Wei-Sheng Wang (CRD #2253377, Warren, New Jersey) was barred by FINRA allegedly because he and his wife, who is non-registered, accepted over $130,000 from clients of Wang's firm’s affiliate insurance company for life […]

April 30, 2014
Texas Broker Barred by FINRA for Alleged Participation in Life Settlements Without Proper Authorization

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February 21, 2014
Broker Barred by FINRA for Insurance Fraud

The Soreide Law Group, (888) 760-6552, obtained the following summation of FINRA's report from FINRA’s website under “Disciplinary and Other FINRA Actions, February, 2014.” Tracy Philander Holloway (CRD #5777595, Registered Representative, Winterville, North Carolina) was barred by FINRA for allegedly opening an insurance agency and filing fraudulent claims under the policies held by his clients. […]

June 21, 2013
FINRA Fines and Suspends Utah Broker

Soreide Law Group, a Securities Arbitration Law Firm, (888) 760-6552, obtained the following information on FINRA’s website under “Disciplinary and Other FINRA Actions, June, 2013.” Matthew Gordon Kartchner (CRD #4912771, Registered Representative, Taylorsville, Utah) was fined $10,000 and suspended from association with any FINRA member in any capacity for two years. Without admitting or denying […]

November 29, 2012
Jacksonville, FL, Rep Suspended and Fined for Insurance Scam

The following information is from FINRA’s website under “Disciplinary and Other FINRA Actions, November, 2012.” Evan Coley Eggers (CRD #5205969, Registered Representative, Jacksonville, Florida) fined $5,000 and suspended from association with any FINRA member in any capacity for six months. Without admitting or denying the findings, Eggers consented to the described sanctions and to the […]

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