Sarasota, FL, Rep Barred by FINRA
The following information is from FINRA’s website under “Disciplinary and Other FINRA Actions, January, 2013.” William Earl Manley (CRD #1177744, [...]
Miami Rep Barred by FINRA
The following information is from FINRA’s website under “Disciplinary and Other FINRA Actions, January, 2013.” John Boyd Dexter (CRD #1354376, [...]
New FINRA Rule 5123 Regarding the Sale of Private Placements Became Effective December 3, 2012
In an effort to protect investors over the sale of private placements, the new Financial Industry Regulatory Authority (FINRA), Rule [...]
Variable Annuity Contracts That Have a Guaranteed Minimum Benefit “GMIB” Feature
As a general rule, investment performance for the last ten years has generally been mediocre. This is true not only [...]
Reps Fined and Suspended by FINRA
The following information is from FINRA’s website under “Disciplinary and Other FINRA Actions, December, 2012.” Shari Robin Frimer (CRD #2503895, [...]
FINRA Awards $1.8 million
Straccia v. Focus Capital, FINRA ID # 11-02737 (Manchester, NH, 11/27/2012) - A FINRA Arbitration Panel awarded $1.8 million in [...]
Did You Purchase Cyprus Equipment Fund Private Placements?
Soreide Law Group securities attorney, Lars Soreide, is currently investigating Cyprus Equipment Fund 14, LLC. If your broker sold you [...]
Did You Invest in Bryn Mawr CLO Ltd., or LCM VII Ltd?
Soreide Law Group is currently investigating these collateralized loan obligations (CLOs): Bryn Mawr CLO II Ltd., and LCM VII Ltd(Lyon [...]
FINRA Names Florida Rep in Customer Complaint
Levinski Dealexis Barnes (CRD #2292179, Registered Representative, Lutz, Florida) has been named a respondent in a FINRA complaint alleging that [...]
Miami Rep Censured and Fined by FINRA
Andrew Martin Abern (CRD #1610607, Registered Principal, Miami, Florida) was censured and fined $25,000. Without admitting or denying the findings, [...]
Ft. Lauderdale Rep Fined and Suspended by FINRA
Stephanie Lee Webster (CRD #2424488, Registered Representative, Fort Lauderdale, Florida) was fined $5,000 and suspended from association with any FINRA [...]
Lars Soreide, of Soreide Law Group, Wins $158,000 Award for Clients from Harvest Capital, LLC, for the Sale of Fictitious Notes from their Former Registered Representative, Gregg Rennie
FINRA Case Number 11-01278, awards $158,250.00 to the defrauded Claimants for the alleged supervisory failures of Harvest Capital, LLC, of [...]
FINRA Fines and Suspends Boca Raton Broker for “Borrowing” Money from Customers
Stephen Paul Tommelleo (CRD #1597585, Registered Principal, Boca Raton, Florida) submitted a Letter of Acceptance, Waiver and Consent in which [...]
Boynton Beach Broker Barred by FINRA for “Borrowing” Money from Elderly Client
Stephen Nietsch (CRD #3111082, Registered Representative, Boynton Beach, Florida) was barred from association with any FINRA member in any capacity [...]
FINRA Fines and Suspends Boca Raton Rep
David Marasek (CRD #2866848, Registered Representative, Boca Raton, Florida) submitted a Letter of Acceptance, Waiver and Consent in which he [...]
West Palm Beach Rep Barred by FINRA
Brent Keith Deviney (CRD #2131402, Registered Representative, West Palm Beach, Florida) was barred from association with any FINRA member in [...]
Tampa Broker Fined and Suspended by FINRA
Patrick Alan Deramus (CRD #1718409, Registered Principal, Tampa, Florida) submitted a Letter of Acceptance, Waiver and Consent in which he [...]
Ft. Myers, FL, Broker Fined and Suspended by FINRA
Robert Nunes Da Frota (CRD #2137208, Registered Representative, Fort Myers, Florida) submitted a Letter of Acceptance, Waiver and Consent in [...]
Lawsuit Alledges Harvey Kadden, a Top Broker at MSSB, is Churning Customer Accounts
Clifford Jagodzinski, formerly of Morgan Stanley Smith Barney LLC (MSSB), claims he was fired for blowing the whistle on one [...]
Record Number of Brokers Request Their Records be Expunged
Brokers have made 354 requests so far in 2012 to expunge information such as details of customer arbitration complaints from [...]