Valerie Helen Silverstein (CRD #1413711, Registered Representative, Coconut Creek, Florida) was barred from association with any FINRA member in any capacity. Without admitting or denying FINRA's findings, Silverstein consented to the described sanction and to the entry of findings that she had a pre-existing relationship with an individual when he became a customer of her […]

It was recently reported that Michael Todd Crosswhite, 42, of Forest, Virginia,  a financial adviser, admitted that he stole more than $1 million from his clients. They stated that Michael Todd Crosswhite pleaded guilty to wire fraud and money laundering during a hearing in U.S. District Court in Lynchburg. The prosecutors in this case said that Crosswhite […]

Thomas Edward Kelly (CRD #1386403, Registered Principal, Johnson City, New York) was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Kelly consented to the described sanction and to the entry of findings that he engaged in a scheme to defraud investors, including firm customers, of funds totaling […]

Thomas Eugene Hendricks (CRD #2622427, Registered Representative, Salem, Ohio) was barred from association with any FINRA member in any capacity. Without admitting or denying thefindings, Hendricks consented to the described sanction and to the entry of findings that he borrowed $3,000 from a customer/personal friend to be repaid by a certain date, but failed to […]

  Thomas Brown Hammond (CRD #2389080, Registered Representative, Fair Oaks, California) was barred from association with any FINRA member in any capacity.  Hammond consented to the described sanction and to the entry of findings that he solicited both his brokerage firm customers and customers of his consulting business to invest funds in a fictitious private […]

  James Thomas Corne (CRD #4184489, Registered Representative, Duncan, South Carolina)   fined $5,000 and suspended from association with any FINRA member in any capacity for three months.  Without admitting or denying the findings, Corne consented to the described sanctions and to the entry of findings that he falsified customers’ signatures on various securities and non-securities-related […]

Brent Robert Bishop (CRD #2348912, Registered Principal, Tulsa, Oklahoma) has been barred from association with any FINRA member in any capacity and ordered to pay restitution in the total amount of $58,000, plus interest, to customers. These sanctions were based on FINRA's findings that Bishop misappropriated funds from his member firm’s customers by intentionally converting $40,000 […]

On May 29th., 2012, the Securities and Exchange Commission (SEC) charged a Miami-based hedge fund adviser for deceiving investors about whether its executives had personally invested in a Latin America-focused hedge fund. According to the SEC’s investigation, they found that Quantek Asset Management LLC made misrepresentations about fund managers having “skin in the game” along with investors in the $1 […]

In a May 24th, 2012, article from Ft. Lauderdale's Sun-Sentinel, Jon Burstein writes that an investment adviser from Ft. Lauderdale, and others, exploited trust and friendships within the Ft. Lauderdale gay community of Wilton Manors to help fuel a multimillion-dollar investment fraud, according a lawsuit brought this week by a group of investors. There were fourteen residents of […]