Raymond James & Associates, Inc. (CRD #705, St. Petersburg, Florida) FINRA censured and fined Raymond James & Associates $22,500. FINRA's findings stated that allegedly Raymond James failed to execute customer limit orders in OTC (over-the-counter) securities after Raymond James traded each security for its own market-making account, and occasionally, failed to execute the order at […]

INTL FCStone Securities Inc. (CRD #45993, Winter Park, Florida) was censured, fined $70,000, ordered to pay $62,297.13 plus interest in restitution to customers, and required to revise its WSPs (Written Supervisory Procedures). According to the FINRA report, allegedly INTL FCStone Securities Inc., partially executed customer limit orders in OTC (over-the-counter) securities after it traded each […]

The following information was obtained on FINRA’s website under “Disciplinary and Other FINRA Actions, July, 2013,” by Soreide Law Group, a Securities Arbitration Law Firm, (888) 760-6552. Glen W. Carnes (CRD #5486261, Registered Representative, Orange, California) was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Carnes consented […]