Essex Securities LLC (CRD #46605, Topsfield, Massachusetts) was censured, fined $20,000, ordered to pay $6,009.70, plus interest, in restitution to clients and required to review its supervisory systems and WSPs regarding the sale of mutual funds for compliance with FINRA rules and the federal securities laws and regulations. FINRA imposed a lower fine in this […]

INTL FCStone Securities Inc. (CRD #45993, Winter Park, Florida) was censured, fined $70,000, ordered to pay $62,297.13 plus interest in restitution to customers, and required to revise its WSPs (Written Supervisory Procedures). According to the FINRA report, allegedly INTL FCStone Securities Inc., partially executed customer limit orders in OTC (over-the-counter) securities after it traded each […]

The following information was obtained on FINRA’s website under “Disciplinary and Other FINRA Actions, July, 2013,” by Soreide Law Group, a Securities Arbitration Law Firm, (888) 760-6552. Citadel Securities LLC (CRD #116797, Chicago, Illinois) was censured, fined $215,000, ordered to pay $239,582.12, plus interest, in restitution to customers, and required to revise its WSPs regarding […]

Soreide Law Group, a Securities Arbitration Law Firm, (888) 760-6552, obtained the following information on FINRA’s website under “Disciplinary and Other FINRA Actions, July, 2013.” Bishop, Rosen & Co., Inc. (CRD #1248, New York, New York) was censured, fined $32,500, ordered to pay $7,613.14, plus interest, in restitution to customers, and required to revise its […]

The following information is from FINRA’s website under “Disciplinary and Other FINRA Actions, March, 2013.” Newbridge Securities Corporation (CRD #104065, Ft. Lauderdale, Florida) was censured, fined $50,000, and required to revise its WSPs to address the requirements of an imposed undertaking, relating to its handling fee on equity security trades, and provide related training to […]

The following information is from FINRA's website under "Disciplinary Actions, March, 2012:   Spartan Securities Group, LTD (CRD #104478, Clearwater, Florida)   submitted a Letterof Acceptance, Waiver and Consent in which the firm was censured, fined $52,500 and required to revise its WSPs regarding its supervisory system, procedures and qualifications;order handling; best execution; anti-intimidation/coordination; trade […]

The following information was obtained on FINRA’s website’s ‘Disciplinary Actions, February 2012.”   Bulltick Securities, LLC (CRD #132092, Miami, Florida)   submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $125,000. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry […]

The following information was obtained on FINRA’s website’s ‘Disciplinary Actions, February 2012.”   Revere Securities Corp. (CRD #14178, Boca Raton, Florida)   submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured, fined $15,000 and required to revise its WSPs (Written Supervisory Procedures)  regarding OATS (Order Audit Trail System) reporting.   […]

  The following appeared on FINRA's website in the 'Disciplinary Actions.' Brookstone Securities, Inc. (CRD #13366, Lakeland, Florida) and David William Locy (CRD #4682865, Registered Principal, Overland Park, Kansas) the firm and Locy were censured and fined $25,000, jointly and severally. Without admitting or denying the findings, the firm and Locy consented to the described sanctions […]