Herbert S. “Steve” Fouke, 54, a Lafayette, Louisiana, businessman pleaded guilty Friday, September 6, 2014, to federal fraud charges because of an investment scheme involving $8 million from clients. Fouke pleaded guilty to conspiracy to commit securities fraud, investment adviser fraud, wire fraud and mail fraud. Allegedly, Fouke recruited friends and business associates to become […]

Herbert S. “Steve” Fouke, 54, a Lafayette, Louisiana, businessman pleaded guilty Friday, September 6, 2014, to federal fraud charges because of an investment scheme involving $8 million from clients. Fouke pleaded guilty to conspiracy to commit securities fraud, investment adviser fraud, wire fraud and mail fraud. Allegedly, Fouke recruited friends and business associates to become […]

  The following appeared on FINRA's website in the 'Disciplinary Actions.' Brookstone Securities, Inc. (CRD #13366, Lakeland, Florida) and David William Locy (CRD #4682865, Registered Principal, Overland Park, Kansas) the firm and Locy were censured and fined $25,000, jointly and severally. Without admitting or denying the findings, the firm and Locy consented to the described sanctions […]