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 […]

FINRA, the Financial Industry Regulatory Authority, alleges Roman Sledziejowski, the Polish president and owner of TWS Financial, LLC, in Brooklyn, N.Y., used customer funds for his own use and gave false statements to clients from June, 2009, through August, 2012. FINRA alleges Sledziejowski defrauded three Polish customers of more than $4 million by taking money […]

FINRA, the Financial Industry Regulatory Authority, filed a Temporary Cease-and-Desist Order (TCDO) on November 5th., 2012, halting further fraudulent sales activities by Michigan-based WR Rice Financial Services and its owner Joel I. Wilson. FINRA also issued a complaint against WR Rice and Wilson charging fraud in the sales of limited partnership interests in entities affiliated […]

Did you invest in Mountain V Oil and Gas, or Ridgewood Energy Funds I through Z? Typically, investing in an oil and gas deals or limited partnerships can be a speculative venture that may have the risks associated with illiquid investments. When making investments in oil and gas deals or energy limited partnerships, we highly […]

The Securities and Exchange Commission (SEC) charged Stephen B. Blankenship, of New Fairfield, Connecticut, and Deer Hill Financial Group, LLC, a Connecticut limited liability company under Blankenship’s control, with a scheme to defraud investors. The SEC’s Complaint alleges that, from at least 2002 through November 2011, Blankenship misappropriated at least $600,000 from at least 12 […]

In a recent MoneyWatch article, Steve Vernon writes that investment fraud and financial abuse targeting the elderly is a major problem today, according to a recent survey by the Investor Protection Trust and Investor Protection Institute. The top three ways in which seniors are exploited are: Theft of diversion of funds or property by caregivers […]

The Financial Industry Regulatory Authority also known as FINRA, is hoping to make information about brokers more accessible to the investors, which they feel would hold those in the industry more accountable for their actions. In September, FINRA voted to submit proposals to the U.S. Securities and Exchange Commission (SEC) that would make information in […]

Carlos Dawkins aka Andy Dawkins (CRD #5340915, Registered Representative, Douglasville, Georgia) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Dawkins consented to the described sanction and to the entry of findings that he improperly shared […]

Raymond James, FINRA ID # 11-03503 (Bradenton, FL, 8/21/2012) A split FINRA arbitration panel awarded $985,700, including triple damages, to an elderly customer on his misappropriation claim. This award against Paul David Arnold, and Raymond James and Associates, Inc., of Bradenton, Florida, involved the purchasing of an annuity, electronic transfers and conversion of funds of […]