Insights
October 1, 2015
FINRA censured and fined UBS Financial Services Incorporated of Puerto Rico $7.5 million for supervisory failures pertaining to the suitability of transactions in Puerto Rican closed-end funds (“...
September 30, 2015
Vincent P. Falci, a former New Jersey fire chief, his wife, his son, and the companies he started have been ordered to repay $6.7 million they bilked from investors. Fallacy and his companies made fal...
September 29, 2015
U.S. marshals arrested John Natale Michelotti of Clemmons, North Carolina for a fraud that bilked victims of over $200,000. Michelotti is charged with obtaining property by false pretense and two coun...
September 25, 2015
The SEC has ordered Atlanta, Georgia investment firm Timbervest to pay $585,000 in a long-running dispute regarding the sale of two tracts of timberland. The firm’s CEO, Joel Shapiro, stated tha...
September 24, 2015
According to a FINRA Letter of Acceptance, Waiver and Consent (“AWC”), between about October 2008 and April 2009, registered representatives in two of Lincoln Financial Advisors Corporatio...
September 23, 2015
During a 2014 onsite exam, FINRA found numerous securities violations at Global Arena Capital Corp., including misleading sales pitches, customer account churning, as well as other business misconduct...
September 23, 2015
Bruce Alexander Gwyn of Metairie, Lousiana and James Anthony Ghio of Fairhope, Alabama were arrested on charges of fraud and illegal sales, the Alabama Securities Commission announced. The indictment ...
September 22, 2015
In a landmark case that marked the intersection of cryptocurrency and traditional securities law, Trendon Shavers of McKinney, Texas, pleaded guilty to securities fraud for operating a multimillion-do...
September 18, 2015
Mark Andrew Bullivant of Fort Myers, Florida submitted a letter of acceptance, waiver, and consent that banned him from associating with any FINRA member in any capacity. FINRA found that Bullivant re...
September 17, 2015
Edward D. Jones & Co., L.P. of St. Louis, Missouri submitted a letter of acceptance, waiver, and consent that censured the firm and fined it $10,000. FINRA found that it failed to report the right...
September 16, 2015
Newbridge Securities Corporation of Fort Lauderdale, Florida submitted a letter of acceptance, waiver, and consent that censured the firm, fined it $22,500, and mandated that it change its written sup...
September 15, 2015
Dempsey Lord Smith, LLC and Jerry Eskel Dempsey, Jr. of Rome, Georgia submitted a letter of acceptance, waiver and consent (“AWC”) in which the firm was censured and fined $10,000. Dempsey...
Page 33 of 49
Free · Confidential · No Obligation
500+
Cases Handled
25+
Years Experience
AV
Preeminent Rated
$0
Fees Until We Win