On August 14, 2024, former UBS Financial Services Inc. of Newport Beach, California, broker, Luis E Nin, was fined $5,000 and given a one-month suspension by FINRA. According to a recent article in AdvisorHub, the ex-UBS broker placed 10 trades in a client’s account after allegedly finding out that the client had died. The article […]

This summation of information is available on FINRA's website under “Disciplinary and Other FINRA Actions, May, 2014.” Steven Foreman Kahn (CRD #1001362, Buffalo Grove, Illinois) was fined $10,000 and suspended by FINRA for 20 business days. Allegedly, Kahn effected transactions in a cclient’s account without first obtaining the client’s authorization. FINRA's findings stated that the […]