Former Merrill Lynch financial advisor, JESSE JOSEPH HOLOVACKO (CRD#: 5112298), 39 years-old from Sayreville, New Jersey, was convicted of defrauding his client out of his retirement savings and using the funds for his own benefit. Holovacko was convicted of six counts of wire fraud and one count of investment advisor fraud. The Financial Industry Regulatory […]

JEFFREY A. CASHMORE (CRD# 1928725) former LPL broker, was suspended and fined by FINRA for alleged misconduct for distributing misleading sales information to his clients and prospective clients. According to a recent article in Reuters, in one case, six retirees of the former Niagara Mohawk Power Corp, now a part of National Grid USA, a […]

Former Honolulu, Hawaii, ING financial advisor, Bruce Harada, 57, was sentenced to 20 years in prison for stealing more than $2.5 million in retirement money from 21 current and former city employees. The judge also ordered Harada to pay back his former employer, ING North American Corp., more than $1.8 million it reimbursed Harada's victims. […]