The Florida Office of Financial Regulation is investigating allegations that several companies and individuals sold CDs to investors, primarily elderly, by falsely claiming the CDs were insured by the Federal Deposit Insurance Corp.(FDIC). A Brevard County Circuit Court issued an injunction on Nov. 27th. against First Merchant Capital LLC, Capstar Industries LLC, Southeast Mutual Insurance […]

The following summation was obtained on FINRA’s website under “Disciplinary and Other FINRA Actions, November, 2013.” Paul David Arnold (CRD #2278472, Registered Principal, Clearwater, Florida) was barred from association with any FINRA member in any capacity. Arnold did not pay restitution because the customer sought and obtained treble damages ('treble' is a term that indicates […]

The following summation was obtained on FINRA’s website under “Disciplinary and Other FINRA Actions, November, 2013.” Paul David Arnold (CRD #2278472, Registered Principal, Clearwater, Florida) was barred from association with any FINRA member in any capacity. Arnold did not pay restitution because the customer sought and obtained treble damages ('treble' is a term that indicates […]

The following summation was obtained on FINRA’s website under “Disciplinary and Other FINRA Actions, October, 2013.” Christopher Shawn Vaughn (CRD #4956822, Registered Representative, Leesburg, Florida) was barred from association with any FINRA member in any capacity. Without admitting or denying the allegations, Vaughn consented to the described sanction and to the entry of findings that […]

The following summation was obtained on FINRA’s website under “Disciplinary and Other FINRA Actions, October, 2013.” Christopher Shawn Vaughn (CRD #4956822, Registered Representative, Leesburg, Florida) was barred from association with any FINRA member in any capacity. Without admitting or denying the allegations, Vaughn consented to the described sanction and to the entry of findings that […]

Soreide Law Group, (888) 760-6552, obtained the following summation of information on FINRA’s website under “Disciplinary and Other FINRA Actions, October, 2013.” Karen Yvonne Geiger (CRD #1456604, Registered Representative, Akron, Ohio) was fined $15,000, which includes disgorgement of commissions received of $2,000, and suspended from association with any FINRA member in any capacity for 30 […]

Soreide Law Group, (888) 760-6552, obtained the following summation of information on FINRA’s website under “Disciplinary and Other FINRA Actions, October, 2013.” Karen Yvonne Geiger (CRD #1456604, Registered Representative, Akron, Ohio) was fined $15,000, which includes disgorgement of commissions received of $2,000, and suspended from association with any FINRA member in any capacity for 30 […]

A Somerset County, N.J. financial advisor, Ralph A. Saviano, 72, of Bridgewater, was sentenced on Wednesday, September, 25th., 2013, to 27 months in prison for stealing $138,000 from two elderly investors and funding his "lavish lifestyle" with money he claimed to be investing in conservative securities and his business, U.S. Attorney Paul J. Fishman announced […]

On Tuesday, September 17th., 2013, 47 year old, Andorean Boleancu, a financial adviser from Northern California, pleaded guilty to charges that he wrote over $1.8 million in checks from his client's accounts. This client was an elderly widow. The U.S. Attorney's office said that Andorean Boleancu now faces 30 years in prison, a $1 million […]