November 2016- New York Merrill Lynch was fined $7 million by the Financial Industry Regulatory Authority (FINRA) for inadequately supervising the use of leverage (margin) in customer accounts. Merrill Loan…
read moreNovember 2016 -Dallas, Texas Matthew Carl Griffin and his brother William Daniel Griffin were named in a civil action filed by the Securities and Exchange Commission (SEC) charging them with…
read moreNovember 2016- Lynnfield, MA Investors Capital Corp. will be closing down and transferring some of its brokers and current clients to another firm within the Cetera network of broker dealers, according…
read moreNovember 2016-Houston, Texas The Financial Industry Regulatory Authority (FINRA) fined Valic Financial Advisors (VFA)$1.75 million for conflicts of interest related to the way it compensates brokers selling annuities. FINRA found…
read moreUPDATE February 2017– Lizabeth Beth Ty, also known as Lizabeth Gotuaco Ty discloses that another customer of Park Avenue Securities has filed a FINRA arbitration (case #17-429) alleging damages of…
read moreNovember 2016-Albuquerque, NM The FINRA records of Kevin Hudak, a former stockbroker last employed in the industry by Foothill Securities , was permanently barred from acting as a broker or otherwise associating with firms…
read moreNovember 2016-Dallas, Texas Susan Gay Pruitt, 45, pleaded guilty to money laundering and theft of more than $200,000 and was sentenced to 22 years for selling phony oil and gas…
read moreNovember 2016-Mesa, AZ The FINRA records of Dominic T. DeBruin, a former stockbroker with LPL Financial, disclose that he has been permanently barred from acting as a broker or otherwise associating with…
read moreUPDATE April 2018– IN 3/2017 FINRA permanently barred Donald Lee Watson, Jr. from the securities industry for refusing to cooperate with a FINRA investigation. November 2016-Sarasota, FL The FINRA records of Donald…
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