James Orlow Maloney (CRD #1056257, South Colorado Springs, Colorado) was assessed a deferred fine of $10,000 and suspended by FINRA for 10 months for allegedly selling equity-indexed annuities (EIAs) outside the scope of his employment with his member firm and without providing the firm any notice of the business activity. FINRA's findings stated that Jim […]

Phillip John Bucaro (CRD #2171289, West Chicago, Illinois) was fined $7,500 and suspended by FINRA for four months for allegedly selling unapproved equity-indexed annuities (EIAs) to the clients in his firm and Bucaro receiving approximately $203,000 for those sales. FINRA's findings stated that the firm had an approved EIA list that it allowed its representatives […]

Soreide Law Group, PLLC, (888) 760-6552, has obtained the following information on FINRA’s website under “Disciplinary and Other FINRA Actions, September, 2013.” Carlos C. Garcia (CRD #2635960, Registered Principal, Westport, Connecticut) was fined $5,000 and suspended from association with any FINRA member in any capacity for five months. Without admitting or denying the findings, Garcia […]

Soreide Law Group, PLLC, (888) 760-6552, has obtained the following information on FINRA’s website under “Disciplinary and Other FINRA Actions, September, 2013.” Carlos C. Garcia (CRD #2635960, Registered Principal, Westport, Connecticut) was fined $5,000 and suspended from association with any FINRA member in any capacity for five months. Without admitting or denying the findings, Garcia […]