Latest Securities Lawyer News

The following information has been obtained on FINRA’s website under “Disciplinary and Other FINRA Actions, September, 2013.” Bruce Martin Harada (CRD #2324524, Registered Representative, Honolulu, Hawaii) was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Harada consented to the described sanction and to the entry of findings […]

On August 27, 2013, in the U.S. District Court in Tulsa, Oklahoma, the Securities and Exchange Commission (SEC) brought securities fraud charges against former investment adviser Larry J. Dearman, Sr. and associate, Marya Gray, in connection with fraudulent securities offerings in Bartnet Wireless Internet, The Property Shoppe and Quench Buds, owned by Gray, and located […]

On August 27, 2013, in the U.S. District Court in Tulsa, Oklahoma, the Securities and Exchange Commission (SEC) brought securities fraud charges against former investment adviser Larry J. Dearman, Sr. and associate, Marya Gray, in connection with fraudulent securities offerings in Bartnet Wireless Internet, The Property Shoppe and Quench Buds, owned by Gray, and located […]

Jonathan "Jay" Warren Brooks, of Aiken, South Carolina, was arrested on one count of securities fraud on Friday, July, 19th., according to a news release from South Carolina Attorney General, Alan Wilson. The arrest warrant claims that Brooks collected investment money for a fictional entity, the "Charles Howell Trust," and took the money for his […]

Benjamin Chouchane, (CRD# 4590169) a former broker for LinkBrokers Derivatives Corp., a unit of London-based ICAP Plc (IAP), pleaded guilty to making millions of dollars by lying about the prices of securities bought and sold for clients as reported in a recent article in Bloomberg Businessweek. Chouchane was arrested in October along with Marek Leszczynski […]

Michael Mendenhall (CRD #496391) a former broker with Colorado Financial Service Corporation and UVest Financial Services Group, Inc., was convicted of 25 counts of securities fraud and theft involving elderly victims, and sentenced to 30 years in prison and more than $1.4 million in restitution fees in Denver District Court. The Denver District Court Judge […]

The following is a summary of information that appeared on FINRA's website: Arete Wealth Management, LLC (CRD #44856, Schaumburg, Illinois) was censured and fined $25,000. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that it approved a private offering to customers and failed to […]

Crystallex has commenced a proceeding under chapter 15 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware in order to ensure that relevant CCAA orders are enforced in the United States. Many stock brokers recommended CRYXF to their clients as an undervalued mining company that is poised […]

The Financial Industry Regulatory Authority Inc., also known as FINRA, is proposing to tighten its definition of “public” arbitrator. FINRA would like to exclude people associated with a mutual fund or hedge fund from its pool of public arbitrators and require others to wait for two years after ending an industry affiliation before being classified […]