In May, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that John Shockey of Shreveport, LA, formerly with Merrill Lynch, J.P. Turner and Summit Brokerage Services, all out of Shreveport, LA was suspended from association with any FINRA member for one year and ordered to pay $70,000. Shockey submitted to…
In May, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Tom Schober of Rumson, NJ, formerly with SII Investments of Westborough, MA was barred from association with any FINRA member. Schober submitted to findings that he made unsuitable annuity exchanges on behalf of elderly customers. These exchanges resulted in…
In May, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Harold Joe Petro of Greenwood, Indiana, formerly with Merrill Lynch of Indianapolis, Indiana was suspended from association with any FINRA member for six months and fined $15,000. Petro submitted to findings that he made multiple trades in client accounts…
In May, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Kelsey Molyet of Indianapolis, Indiana, formerly with J.J.B. Hilyard W.B. Lyons of Bloomington, Indiana was barred from association with any FINRA member in any capacity. Molyet submitted to findings that she falsified documents, impersonated customers, and mislead customers about…
In May, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Alicia Moe (aka Alicia Marie Leach) of Encino, California, formerly with Unionbanc Investment Services of Woodland Hills, CA was barred from association with any FINRA member in any capacity. Moe submitted to findings that she refused to cooperate with…
In May, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Aldo Marchena of Boca Raton, FL, formerly with Northeast Securities and Kovack Securities, both of Boca Raton, FL, was suspended from association with any FINRA member for five months. Marchena submitted to findings that he engaged in outside business…
In May, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Kevin Kuhlow of Los Gatos, CA, formerly with LPL Financial was barred from association with any FINRA member. Kuhlow submitted to findings that he introduced LPL customers to an unapproved investment, and when questioned by FINRA about this conduct,…
In May, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Jeff Ingros of Beaver, PA, formerly with Raymond James Financial and Merrill Lynch, both of Beaver, PA was barred from association with any FINRA members. Ingros submitted to findings that he borrowed money from customers, a violation of firm…
In May, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Richard Crescenzo of Stony Brook, NY, formerly with Capital Securities Management of Melville, NY was suspended from association with any FINRA member for two years. Crescenzo submitted to findings that he borrowed money from elderly customers, violations of firm…
In May, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Christopher Burtraw of Lakewood, Colorado, formerly with JP Turner and Purshe, Kaplan, both of Lakewood, CO was barred from association with any FINRA member for borrowing money from customers, a violation of firm and industry rules. The findings further…