Conflicts of Interest | New York Criminal & Securities Attorney

The Jeffrey Matthews Financial Group, L.L.C. Sanctioned by FINRA for Reg BI Violation

The Jeffrey Matthews Financial Group, L.L.C. Sanctioned by FINRA for Reg BI Violation

By Kevin J. Deloatch, Esq.|2024-07-26T09:32:17-05:00July 26th, 2024|Tags: arbitration, AWC, censure, compliance, customer complaint, Department of Enforcement, enforce, establish, failure, fine, FINRA, FINRA Rule 2010, FINRA Rule 3110, fraud, Have you lost money, investigation, Jeffrey Matthews, JMFG, misrepresentation, MSRB, policies, reasonably designed, recover lost funds, Reg BI, Regulation Best Interest, sales practice violation, sanctioned, securities exchange act, securities law practice, suitability, The Jeffrey Matthews Financial Group, violation, WSP, WSPs|

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) indicate that broker-dealer, The Jeffrey Matthews Financial Group, L.L.C. (CRD # 41282) was recently sanctioned [...]

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Yong Soo Kim and Kayan Securities, Inc. Sanctioned by FINRA for Failure to Supervise and Reg BI Violations

Yong Soo Kim and Kayan Securities, Inc. Sanctioned by FINRA for Failure to Supervise and Reg BI Violations

By Kevin J. Deloatch, Esq.|2024-05-29T11:29:25-05:00May 29th, 2024|Tags: arbitration, AWC, censure, churning, compliance, customer account, customer complaint, damages, Department of Enforcement, ETECH Securities, excessive trading, failure to supervise, fiduciary duty, fine, FINRA, FINRA Rule 2010, FINRA Rule 2111, FINRA Rule 3110, fraud, HANMI Securities, Have you lost money, Inc., investigation, Kayan Securities, Letter of Acceptance Waiver and Consent, MITAA Global Securities, NASD Rule 1220(b), NASD Rule 2110, negligence, recover lost funds, Reg BI, Regulation BI, regulatory action, restitution, Rule 15I-1, sales practice violations, sanctioned, Securities Exchange Act of 1934, securities industry, securities law, securities law practice, suitability, suspension, trading, unauthorized, written supervisory procedures, WSP, Yong Soo Kim|

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) indicate that broker/advisor, Yong Soo Kim (CRD # 1747849) and broker, Kayan Securities, Inc. (CRD [...]

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Alan Mason Suspended from Securities Industry by FINRA for Regulation BI Violation

Alan Mason Suspended from Securities Industry by FINRA for Regulation BI Violation

By Kevin J. Deloatch, Esq.|2024-06-06T11:20:20-05:00May 27th, 2024|Tags: Alan Mason, alleged damages, arbitration, AWC, Bradley Woods, concentration, customer account, customer complaint, customer-inititiated, Department of Enforcement, disgorgement, fine, FINRA, FINRA Rule 2010, fraud, Gruntal, Gunnallen Financial, Have you lost money, investigation, investment, Letter of Acceptance Waiver and Consent, recover lost funds, Reg BI, Regulation Best Interest, Regulation BI, sales practice, sales practice violation, securities exchange act, Securities Exchange Act of 1934, securities industry, securities law, securities law practice, suspended, unauthorized transactions, unsuitability, unsuitable recommendation, WestPark Capital, Wilmington Capital|

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) indicate that broker/advisor, Alan Mason (CRD # 1302190) was recently suspended from the securities industry [...]

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Joao Pinto Suspended from Securities Industry by FINRA for Reg BI Violation

Joao Pinto Suspended from Securities Industry by FINRA for Reg BI Violation

By Kevin J. Deloatch, Esq.|2023-11-28T22:22:39-05:00November 27th, 2023|Tags: arbitration, AWC, Benchmark Investments, best interest, customer account, customer complaint, cyclical examination, Department of Enforcement, excessive, FINRA, fraud, free consultation, investments, Joao Pinto, Letter of Acceptance Waiver and Consent, losses, losses in your investments, negligence, Newbridge Securities Corporation, not in the customer best interest, recommended, Reg BI, sales practice, securities industry, securities practice, Spartan Capital Securities, suspended, trades, unsuitable, violating, violation|

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) indicate that broker/advisor, Joao Pinto (CRD # 6298233) was recently suspended from the securities industry [...]

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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 [...]

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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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Have You Lost Money From Your Broker Engaging In Selling Away?

Have You Lost Money From Your Broker Engaging In Selling Away?

By Kevin J. Deloatch, Esq.|2020-12-10T11:28:13-05:00December 10th, 2020|Tags: advisor, broker, broker-dealer, brokerage firm, conflict of interest, failure to supervise, FINRA, fraud, lost, lost money, sales practice, sales practice violations, selling away, stockbroker, unsuitability, unsuitable recommendation|

Have you lost money in a “hot new investment with great returns” recommended by your broker just to later find out it wasn’t even a product [...]

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NPB Financial Group, LLC Sanctioned by the SEC for Breach of Fiduciary Duty

NPB Financial Group, LLC Sanctioned by the SEC for Breach of Fiduciary Duty

By Kevin J. Deloatch, Esq.|2020-08-25T10:13:02-05:00August 25th, 2020|Tags: Adviser Act, breach of fiduciary duty, censure, censured, fees, fined, FINRA, fraud, investigation, investment adviser, Investment Company Act, LLC, mutual funds, NPB Financial Group, sanctioned, SEC|

Publicly available records provided by the Securities and Exchange Commission (SEC) indicate that administrative proceedings were recently brought against investment advisory firm, NPB Financial Group, LLC [...]

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Chardan Capital Markets, LLC Sanctioned by FINRA for Failure to Supervise Conflicts of Interest

Chardan Capital Markets, LLC Sanctioned by FINRA for Failure to Supervise Conflicts of Interest

By Kevin J. Deloatch, Esq.|2020-07-15T08:46:51-05:00July 15th, 2020|Tags: ARCA, AWC, censure, censured, Chardan Capital Markets, conflicts of interest, failure to supervise, fine, fined, FINRA, FINRA investigation, investment research, NASDAQ, regulatory actions, research, sanctioned, SEC, securities fraud, securities violations|

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) indicate that broker-dealer, Chardan Capital Markets, LLC (hereinafter “Chardan”) (CRD # 120128) was recently sanctioned [...]

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Regulation Best Interest: A Good First Step for Increased Investor Protection

Regulation Best Interest: A Good First Step for Increased Investor Protection

By Kevin J. Deloatch, Esq.|2020-07-11T13:11:21-05:00July 11th, 2020|Tags: advice, BD, best interest, client relationship summary, customer complaints, deal fairly, duty of fair dealing, fair dealing, fee based account, fee based services, fiduciary duty, Form CRS, investment adviser, investment advisor, investor protection, managed services, new securities regulation, public disclosure, reasonable basis, recommendation, Reg BI, registered investment adviser, registered investment advisor, Regulation Best Interest, Regulation BI, retail client, retail customer, RIA, stock broker, stockbroker, suitability|

On June 30, 2020, the Securities and Exchange Commission (“SEC”) began enforcing Regulation Best Interest (“Reg BI”) and the use of the new Client Relationship Summary [...]

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