In September, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Robert W. Baird of Milwaukee, Wisconsin submitted an acceptance, waiver and consent letter regarding its failure to supervise a registered representative and correct a trading error that lead to a $34,000 loss in a customer’s account. FINRA’s allegations against…
FINRA, Illinois bar David Hackney, former broker with LPL. On June 23, 2015 the state of Illinois, through its Secretary of State’s Securities Division published a consent order revoking David Hackney’s securities salesperson and investment advisor registrations, and permanently barred him from selling securities in the state of Illinois. The…
Thomas Hayes, former broker with Bosc sued by Bernalillo County over bond portfolio losses. On November 20, 2014 the state of New Mexico’s Securities Division issued an opinion and notice of contemplated action against Thomas Hayes, a former registered representative with Bosc, Inc., as well as Bosc, Inc. for making…
John Waszolek charged by Arizona Corporation Commissioner. On July 8, 2016 the Corporation Commissioner for the state of Arizona, acting through the Securities Division charged John Waszolek, a former registered representative with Morgan Stanley and Raymond James with violations of the Securities Act of Arizona, specifically section 44-1801. The Securities…
Lance Shaw barred by FINRA. Lance Shaw, a registered representative from Haverford, PA formerly with LPL Financial of Wynnewood, PA was suspended from FINRA membership for violations of Rule 9552 FINRA Rule 9552. Failure to Provide Information or Keep Information Current This FINRA rule provides if a FINRA member fails…
FINRA suspends Warren Rockmacher. Warren Rockmacher, a registered representative from Trumbull, CT formerly with Investacorp was suspended from FINRA membership for violations of Rule 9552 FINRA Rule 9552. Failure to Provide Information or Keep Information Current This FINRA rule provides if a FINRA member fails to provide information or testimony…
John Pemberton suspended. John Pemberton, a registered representative from Overland Park, Kansas, formerly with Ameriprise Financial also of Overland Park was suspended from FINRA membership for violations of Rule 9552 FINRA Rule 9552. Failure to Provide Information or Keep Information Current This FINRA rule provides if a FINRA member fails…
FINRA suspends Pedro Astacio. Pedro Astacio, a registered representative from Orlando, FL formerly with Wells Fargo Advisors of Apopka, FL was suspended from FINRA membership for violations of Rule 9552 FINRA Rule 9552. Failure to Provide Information or Keep Information Current This FINRA rule provides if a FINRA member fails…
Finra suspends Kola Lulgjuraj. Kola Lulgjuraj, a registered representative from Fishers, Indiana, formerly with J.P. Morgan Securities of Noblesville, IN was suspended from FINRA membership for violations of Rule 9552 FINRA Rule 9552. Failure to Provide Information or Keep Information Current This FINRA rule provides if a FINRA member fails…
Bingyi Hu suspended by FINRA. Bingyi Hu, a registered representative from Miami, FL formerly with National Securities Corp. of Seattle, WA was suspended from FINRA membership for violations of Rule 9552 FINRA Rule 9552. Failure to Provide Information or Keep Information Current This FINRA rule provides if a FINRA member…