Markets & Products | New York Criminal & Securities Attorney

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 [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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On-Line Trading and Brokerage Firm Liability

On-Line Trading and Brokerage Firm Liability

By Kevin J. Deloatch, Esq.|2021-02-10T11:49:25-05:00February 10th, 2021|Tags: broker-dealer, brokerage account, day-trading, Exchange Act, failure to supervise, FINRA, FINRA Rule 2111, losses, margin, on-line, options, Reg BI, Regulation Best Interest, Rule 2210, Rule 3110, Rule 3120, SEC, stockbroker, suitability, trading, trading app|

Does your brokerage firm have liability for on-line trading losses? Recent occurrences in the retail brokerage industry, including “no commission” trading and the introduction of apps [...]

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Social Media Driven Stock Market Frenzy – Securities Fraud In the Digital Age

Social Media Driven Stock Market Frenzy – Securities Fraud In the Digital Age

By Kevin J. Deloatch, Esq.|2021-02-04T10:45:37-05:00January 28th, 2021|Tags: 10(b), 10b-5, 1934, 9(a)(2), AMC, artifice, artifice to defraud, BB, BlackBerry, Charles Schwab, civil, criminal charges, device, digital age, Discord, Exchange Act, Facebook, FINRA, GameStop, GME, manipulation, market manipulation, message boards, on-line brokerage, Reddit, Robinhood, scheme, SEC, section 9(a)(2), securities fraud, Social Media, stock market, stock price manipulation, TD Ameritrade, Twitter|

GameStop Corp. (GME), AMC Entertainment Holdings (AMC) and BlackBerry Ltd. (BB) have seen their stock prices rise dramatically over the past few weeks after being the [...]

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Growth Capital Services, Inc. Sanctioned by FINRA Over Private Placement Offerings

Growth Capital Services, Inc. Sanctioned by FINRA Over Private Placement Offerings

By Kevin J. Deloatch, Esq.|2021-01-20T14:08:54-05:00January 20th, 2021|Tags: censure, censured, customer complaints, fine, fined, FINRA, Growth Capital Services, illiquid, private placement, private placement memorandum, risky investment, sanctioned, securities, speculative|

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) indicate that broker-dealer/investment adviser, Growth Capital Services, Inc. (CRD # 124658) was recently sanctioned by [...]

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Timothy James Pandekakes Suspended from the Securities Industry by FINRA

Timothy James Pandekakes Suspended from the Securities Industry by FINRA

By Kevin J. Deloatch, Esq.|2020-12-18T12:06:18-05:00December 18th, 2020|Tags: American portfolios Financial Services, arbitration, AWC, broker, Cadaret Grant, customer complaints, exchange, FINRA, investigation, recommendation, sanction, sanctioned, securities, securities industry, suspended, Timothy James Pandekakes, unsuitable, unsuitable recommendations, variable annuities, variable annuity|

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) indicate that broker Timothy James Pandekakes (CRD # 4890164) was recently suspended from the securities [...]

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