In May, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Noyeg Arkoian of Las Vegas, Nevada formerly with US Bancorp Securities was fined $5,000 and suspended from association with any FINRA member for three months for accepting loans from customers, a violation of firm rules. The findings further stated…
In May, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Oakbridge Financial Services of Kirkwood, Missouri submitted an acceptance, waiver and consent letter regarding supervisory lapses in its securities business. In agreeing to the AWC, the firm was fined $20,000. The AWC can be found here. FINRA’s allegations against…
In May, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Lombard Securities, Inc. of Baltimore, Maryland submitted an acceptance, waiver and consent letter regarding supervisory lapses in its securities business. In agreeing to the AWC, the firm was fined $50,000. The AWC can be found here. FINRA’s allegations against…
David Seigerman, a registered representative from Morristown, NJ, formerly with Janney Montgomery Scott and Morgan Stanley was suspended from FINRA membership for violations of Rule 9554. FINRA Rule 9554. Failure to Comply with an Arbitration Award or Related Settlement or an Order of Restitution or Settlement Providing for Restitution The…
Rudy Luo, aka Jaoshiang Luo, a registered representative in Flushing, NY, formerly with Clark Dodge & Co., Andrew Garrett and Buckman, Buckman and Reid 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…
Demetrios Hallas, a registered representative formerly with Aegis Capital, Santander Securities and Forefront Capital 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 requested…
Kora Crowder, a registered representative formerly with Merrill Lynch in Jacksonville, Florida 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 requested or required…
On May 24, 2016 the Securities and Exchange Commission filed a complaint in Dallas, TX Federal Court charging investment advisor Ash Narayan formerly with RGT Capital Management, with secretly transferring over thirty three million dollars from his clients’ accounts to a company called The Ticket Reserve, which then funneled almost…
Travis Shannon, of Santa Barbara, a registered representative formerly with Morgan Stanley was suspended from FINRA membership for violations of Rule 9554. FINRA Rule 9554. Failure to Comply with an Arbitration Award or Related Settlement or an Order of Restitution or Settlement Providing for Restitution The rule provides that a…
Tom Ottman, of Blaine, MN, a registered representative formerly with Feltl & Company and Advanced Advisor Group was suspended from FINRA membership for violations of Rule 9554. FINRA Rule 9554. Failure to Comply with an Arbitration Award or Related Settlement or an Order of Restitution or Settlement Providing for Restitution…