Categories | New York Criminal & Securities Attorney

Moloney Securities Sanctioned by FINRA for Its Sales of GPB Capital Holdings to Customers

Moloney Securities Sanctioned by FINRA for Its Sales of GPB Capital Holdings to Customers

By Kevin J. Deloatch, Esq.|2022-12-28T18:00:02-05:00December 28th, 2022|Categories: Markets and Products, Misrepresentation, Securities Law|Tags: Advisors Act, arbitration, audited financial statements, automotive portfolio, AWC, censure, churning, concentration, customer complaint, customers, Department of Enforcement, failure to supervise, FINRA, FINRA Rule 2010, fraud, GPB Capital, GPB Capital Holdings, high-risk products, Holdings II, investigation, lost money, misrepresentation, Moloney Securities, negligence, regulatory action, sales, sales practice, sanctioned, SEC, securities industry, settlement, suitability, violation|

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) indicate that broker-dealer, Moloney Securities Co., Inc. (CRD # 38535) was recently sanctioned by FINRA’s [...]

0

Leonid Yurovsky Suspended from Securities Industry by FINRA for Excessive and Unsuitable Trading

Leonid Yurovsky Suspended from Securities Industry by FINRA for Excessive and Unsuitable Trading

By Kevin J. Deloatch, Esq.|2022-12-28T11:56:55-05:00December 27th, 2022|Categories: Churning, FINRA - Broker Actions, Fraud, Securities Law|Tags: arbitration, AWC, churning, commissions, customer account, customer complaint, Department of Enforcement, excessive, FINRA, FINRA Rule 2010, FINRA Rule 2111, fraud, investor, Joseph Stone Capital, Law Office, Leonid Yurovsky, lost money, misrepresentation, National Securities Corporation, PHX Financials, recommended, sales practice violation, securities industry, securities law, settled, suspended, trading, transactions, unsuitable|

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) indicate that broker/advisor, Leonid Yurovsky (CRD # 4554905) was recently suspended from the securities industry [...]

0

Coastal Equities, Inc. Sanctioned by FINRA for Its Sales of GPB Capital Holdings, LLC and Failure to Supervise

Coastal Equities, Inc. Sanctioned by FINRA for Its Sales of GPB Capital Holdings, LLC and Failure to Supervise

By Kevin J. Deloatch, Esq.|2022-12-28T12:00:09-05:00December 20th, 2022|Categories: Fraud, Markets and Products, Securities Law, Unsuitability|Tags: audited financial statements, automotive portfolio, AWC, broker, broker-dealer, censure, Coastal Equities, customer account, Department of Enforcement, excessive, failure to supervise, fine, FINRA, FINRA Rule 2010, FINRA Rule 3110, GPB Capital Holdings, Holdings II, introducing broker, investigate, investigation, investor, limited partnership, material information, NASD Rule 3010, red flag, red flags, registered representative, regulatory, restitution, sanction, SEC, Securities and Exchange Commission, unsuitable, written supervisory procedures|

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) indicate that introducing broker-dealer, Coastal Equities, Inc. (CRD # 23769) was recently sanctioned by FINRA’s [...]

0

Increased Scrutiny of Securities Recommendations by Social Media Influencers

Increased Scrutiny of Securities Recommendations by Social Media Influencers

By Kevin J. Deloatch, Esq.|2022-12-28T12:03:35-05:00December 16th, 2022|Categories: Criminal Law, Fraud, Markets and Products, Securities Law|Tags: 10b-5, Andrew Fassari, antfraud, artificially increase, Atlas Trading Discord, Department of Justice, DOJ, expert trader, false and misleading information, influencer, investigation, meme stock, meme stocks, parallel investigation, price, pump and dump, recommendation, SEC, Securities Act of 1933, Securities and Exchange Commission, Securities Exchange Act of 1934, securities fraud, Social Media, Southern District of Texas, stock tip, stock trading, Twitter, Twitter followers|

Securities regulators and law enforcement have stepped up their efforts in combating securities fraud through social media influencers and their recommendations. The rise of social media [...]

0

Michael G. DeLuca Suspended from Securities Industry by FINRA for Failure to Supervise – Variable Annuities

Michael G. DeLuca Suspended from Securities Industry by FINRA for Failure to Supervise – Variable Annuities

By Kevin J. Deloatch, Esq.|2022-12-12T23:31:44-05:00December 12th, 2022|Categories: FINRA - Broker Actions, Misrepresentation, Securities Law|Tags: arbitration, AWC, customer complaint, Department of Enforcement, failure to supervise, fine, FINRA, FINRA Rule 2010, FINRA Rule 2330, FINRA Rule 3110, Fortune Financial Services, fraud, investigate, investigation, investments, Law Office, losses, lost funds, Michael DeLuca, misrepresentation, new account document, Prosperity Wealth Management, red flags, sales practice violations, securities industry, securities law, securities law practice, suitability, suitable, surrender charge, suspended, USA Financial Securities, USA Financial Securities Corporation, variable annuities|

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) indicate that broker/advisor, Michael G. DeLuca (CRD # 4428054) was recently suspended from the securities [...]

0

Mirsad Muharemovic Suspended from Securities Industry by FINRA for Excessive Trading

Mirsad Muharemovic Suspended from Securities Industry by FINRA for Excessive Trading

By Kevin J. Deloatch, Esq.|2022-12-12T12:35:01-05:00December 12th, 2022|Categories: Churning, FINRA - Broker Actions, Fraud, Securities Law|Tags: advisor, arbitration, Arrive Capital Markets, award, AWC, breach of fiduciary duty, broker, Cape Securities, Cape Securities Inc., churning, commission, commissions, Coram, customer complaint, damages, Department of Enforcement, excessive trading, failure to diversify, fine, FINRA, FINRA Rule 2010, FINRA Rule 2111, fraud, Law Office, margin, material facts, Mirsad Muharemovic, misrepresentation, negligence, recommendation, recommended, sales practice violation, Seaboard Securities, securities industry, securities law, securities law practice, settled, suspended, suspension, Turner & Company, unsuitable|

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) indicate that broker/advisor, Mirsad Muharemovic (CRD # 3122589) was recently suspended from the securities industry [...]

0

Christine A. Warner Suspended from Securities Industry by FINRA for Failure to Supervise – Variable Annuities

Christine A. Warner Suspended from Securities Industry by FINRA for Failure to Supervise – Variable Annuities

By Kevin J. Deloatch, Esq.|2022-12-09T15:32:03-05:00December 9th, 2022|Categories: FINRA - Broker Actions, Securities Law, Unsuitability|Tags: advisor, arbitration, AWC, broker, Christine Warner, customer complaint, Ensemble Financial Services, exchange, failure to supervise, fine, FINRA, FINRA Department of Enforcement, FINRA Rule 2010, FINRA Rule 2330, FINRA Rule 3110, Fortune Financial Services, fraud, investigation, misrepresentation, Monticello Financial Group, omission, recommendation, securities industry, securities law, securities law practice, suitable, surrender charge, suspended, variable annuities, variable annuity, variable annuity exchange application|

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) indicate that broker/advisor, Christine A. Warner (CRD # 4001584) was recently suspended from the securities [...]

0

Patrick Perugino Suspended from Securities Industry by FINRA for Unauthorized Discretion

Patrick Perugino Suspended from Securities Industry by FINRA for Unauthorized Discretion

By Kevin J. Deloatch, Esq.|2022-12-06T13:31:13-05:00December 6th, 2022|Categories: Fraud, Securities Law|Tags: advisor, Allied Millennial Partners, AWC, breach of fiduciary duty, broker, complaint, Craft Capital Management, customer account, customer complaint, David Lerner Associates, Department of Enforcement, discretionary account, Discretionary trading, exercised discretion, failure to supervise, findings, fine, FINRA, FINRA Rule 2010, FINRA Rule 3260(b), fraud, fraudulent activity, investor, losses in your investments, NASD Rule 2510(b), Patrick Perugino, recover lost funds, sales practice violations, sanction, sanctions, SEC, Securities and Exchange Commission, securities industry, securities law, Spartan Capital Securities, suspended, suspension, unauthorized discretion, written authorization, written supervisory procedures, WSP, WSPs|

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) indicate that broker/advisor, Patrick Perugino (CRD # 6363411) was recently suspended from the securities industry [...]

0

FFEC Wealth Partners LLC Sanctioned by FINRA for Failure to Supervise Regarding Margin and Mutual Funds

FFEC Wealth Partners LLC Sanctioned by FINRA for Failure to Supervise Regarding Margin and Mutual Funds

By Kevin J. Deloatch, Esq.|2022-12-05T16:22:14-05:00December 5th, 2022|Categories: Improper Mutual Fund Sales Practices, Securities Law|Tags: arbitration, AWC, censure, customer complaint, failure to supervise, FFEC Wealth Partners LLC, fine, fined, FINRA, FINRA Rule 2010, FINRA Rule 3110, margin, mutual fundss, reasonable diligence, regulatory, sanctioned, written supervisory procedures, WSP, WSPs|

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) indicate that broker-dealer, FFEC Wealth Partners LLC (CRD # 16507) was recently sanctioned by FINRA’s [...]

0

Robert Allen Koestler Barred from Securities Industry by FINRA for Failing to Cooperate in Unauthorized Trading Investigation

Robert Allen Koestler Barred from Securities Industry by FINRA for Failing to Cooperate in Unauthorized Trading Investigation

By Kevin J. Deloatch, Esq.|2022-12-01T10:43:25-05:00December 1st, 2022|Categories: FINRA - Broker Actions, Fraud, Securities Law|Tags: Ameriprise Financial Services, AWC, barred, cooperate, customer account, customer complaint, Department of Enforcement, FINRA, FINRA Rule 2010, FINRA Rule 8210, fraud, investigation, LPL Financial, Robert Allen Koestler, Robert Koestler, securities industry, securities law, unauthorized trading|

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) indicate that broker/advisor, Robert Allen Koestler (CRD # 7023515) was recently barred from the securities [...]

0