Markets & Products | New York Criminal & Securities Attorney

National Securities Corporation Sanctioned by FINRA After Investigation Into Multiple Violations

National Securities Corporation Sanctioned by FINRA After Investigation Into Multiple Violations

By Kevin J. Deloatch, Esq.|2022-06-26T17:42:34-05:00June 26th, 2022|Tags: arbitration, AWC, breach of contract, breach of fiduciary duty, censure, customer complaint, Department of Enforcement, disgorgement, failure to supervise, fine, FINRA, FINRA Rule 2010, FINRA Rule 2262, FINRA Rule 3010, FINRA Rule 3110, FINRA Rule 5131, fraud, multiple, National Securities Corporation, negligence, NSC, private placement, Reasonably supervise, red flags, restitution, sanctioned, SEC, Securities and Exchange Commission, suitability, unauthorized trading, violation|

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) indicate that broker-dealer, National Securities Corporation (CRD # 7569) was recently sanctioned by FINRA’s Department [...]

0

McDonald Partners LLC Sanctioned by FINRA for Failure to Perform Due Diligence on Private Placement Offering

McDonald Partners LLC Sanctioned by FINRA for Failure to Perform Due Diligence on Private Placement Offering

By Kevin J. Deloatch, Esq.|2022-06-24T08:08:57-05:00June 24th, 2022|Tags: arbitration, AWC, breach of contract, breach of fiduciary duty, censure, customer complaint, Department of Enforcement, due diligence, failure, failure to perform due diligence, fine, fined, FINRA, FINRA Rule 2010, FINRA Rule 3110, fraud, investigation, McDonald Partners, negligence, private placement, restitution, sales practice violation, sanctioned, securities|

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) indicate that broker-dealer, McDonald Partners LLC (CRD # 135414) was recently sanctioned by FINRA’s Department [...]

0

Torch Securities, LLC Sanctioned by FINRA Regarding Due Diligence and Supervision Failures

Torch Securities, LLC Sanctioned by FINRA Regarding Due Diligence and Supervision Failures

By Kevin J. Deloatch, Esq.|2022-06-22T13:34:38-05:00June 22nd, 2022|Tags: AWC, censure, customer, customer complaints, Department of Enforcement, due diligence, failure, fine, fined, FINRA, FINRA Rule 2010, FINRA Rule 3110, investigation, private placement, private placements, red flags, sanctioned, supervise, supervision, Torch Securities|

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) indicate that broker-dealer, Torch Securities, LLC (CRD # 133642) was recently sanctioned by FINRA’s Department [...]

0

Berthel, Fisher & Co. Financial Services, Inc. Sanctioned by FINRA for Failure to Perform Due Diligence

Berthel, Fisher & Co. Financial Services, Inc. Sanctioned by FINRA for Failure to Perform Due Diligence

By Kevin J. Deloatch, Esq.|2022-06-21T08:11:27-05:00June 21st, 2022|Tags: arbitration, AWC, Berthel, Berthel Fisher & Co. Financial Services, censure, customer complaint, Department of Enforcement, due diligence, failure, fine, fined, FINRA, FINRA Rule 2010, FINRA Rule 2360, FINRA Rule 3110, Fisher, investigation, options, sanction, sanctioned, securities industry, suitability, suitable, supervisory system|

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) indicate that broker-dealer, Berthel, Fisher & Co. Financial Services, Inc. (CRD # 13609) was recently [...]

0

Matthew Perry Barred by FINRA from Securities Industry After Refusing to Cooperate In Options Trading Investigation

Matthew Perry Barred by FINRA from Securities Industry After Refusing to Cooperate In Options Trading Investigation

By Kevin J. Deloatch, Esq.|2021-08-12T19:52:14-05:00August 12th, 2021|Tags: Alex Perry, Alexander, AWC, bar, barred, customer accounts, customer complaint, Department of Enforcement, failure to cooperate, FINRA, FINRA Rule 2010, FINRA Rule 8210, fraud, investigation, Matthew Perry, options, Options trading, refusing to cooperate, securities industry, settled, Stifel Nicolaus, terminated, U4, U5, unauthorized, unsuitable securities, wells fargo, Wells Fargo Advisors|

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) indicate that now former broker/investment adviser, Matthew Alexander Perry (Alex Perry) (CRD # 5985300) was recently [...]

0

Independent Financial Group, LLC Sanctioned by FINRA for Failure to Supervise Sales of Non-Traded REITs

Independent Financial Group, LLC Sanctioned by FINRA for Failure to Supervise Sales of Non-Traded REITs

By Kevin J. Deloatch, Esq.|2021-05-02T20:34:10-05:00April 22nd, 2021|Tags: alternative investment, arbitrations, AWC, broker, broker-dealer, customer complaints, failure to supervise, fine, fined, FINRA, FINRA Rule 2010, FINRA Rule 3110, fraud, illiquid, illiquid securities, Independent Financial Group, investigation, NASD, NASD Rule 3010, non-traded REITs, regulatory action, REIT, REITS, sanction, sanctioned, SEC, securities, speculative, unsuitable, unsuitable recommendation|

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) indicate that broker-dealer, Independent Financial Group, LLC (CRD # 7717) was recently sanctioned by FINRA’s [...]

0

FINRA Sanctions Broker-Dealers Regarding Sales of LJM Preservation and Growth Fund

FINRA Sanctions Broker-Dealers Regarding Sales of LJM Preservation and Growth Fund

By Kevin J. Deloatch, Esq.|2021-04-07T09:39:18-05:00April 7th, 2021|Tags: alternative mutual fund, broker, broker-dealer, brokerage firm, Cambridge Investment Research, failure to supervise, FINRA, high yield, higher yields, J.W. Cole Financial, LJM, LJM Preservation and Growth Fund, LJMIX, Securities America|

Recently, FINRA sanctioned several broker-dealers regarding their actions with respect to the recommendation of sales to customers and supervision of such sales of LJM Preservation and [...]

0

American Independent Securities Group, LLC Sanctioned by FINRA for Failure to Supervise Sales of CMO’s

American Independent Securities Group, LLC Sanctioned by FINRA for Failure to Supervise Sales of CMO’s

By Kevin J. Deloatch, Esq.|2021-05-02T20:32:01-05:00April 3rd, 2021|Tags: American Independent Securities Group LLC, broker, broker-dealer, censure, Cioffi, CMO, collateralized mortgage obligation, failure to supervise, FINRA, FINRA Rule 2010, FINRA Rule 3110, fraud, investigation, NASD Rule 2510, NASD Rule 3010, restitution, Ryan Carlson, unsuitable, violation|

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) indicate that broker-dealer, American Independent Securities Group, LLC (CRD # 135288) was recently sanctioned by [...]

0

Dalmore Group LLC Sanctioned by FINRA for Failure to Supervise Private Placement Offerings

Dalmore Group LLC Sanctioned by FINRA for Failure to Supervise Private Placement Offerings

By Kevin J. Deloatch, Esq.|2021-03-23T17:23:31-05:00March 23rd, 2021|Tags: AWC, censure, censured, customer complaints, Dalmore Group, Dalmore Group LLC, failure to supervise, fine, fined, FINRA, FINRA Rule 2010, FINRA Rule 5123, private placement, private placements, securities offering|

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) indicate that broker-dealer, Dalmore Group LLC (CRD # 136352) was recently sanctioned by FINRA’s Department [...]

0

Brokerage Suitability Obligations When Customer Investment Objectives Have Changed

Brokerage Suitability Obligations When Customer Investment Objectives Have Changed

By Kevin J. Deloatch, Esq.|2021-03-04T12:59:31-05:00March 4th, 2021|Tags: BD, BI, broker, broker-dealer, brokerage firm, coronavirus, COVID-19, customer profile, duty, duty of fair dealing, fiduciary duty, FINRA, FINRA Rule 2111, GameStop, investment experience, investment objectives, investment strategy, liquid net-worth, net-worth, new account document, new account documents, pandemic, recommendation, Regulation Best Interest, Regulation BI, risk tolerance, SEC, suitability, suitability obligation, time horizon|

Many investors were negatively impacted by the extreme events of 2020. Death, illness and loss of employment or business are just a few of the life-altering [...]

0