Richard Botkin, a registered representative from Granite Bay, California, with Stifel, Nicolaus & Company and formerly with Morgan Stanley, was suspended from FINRA membership as a result of an investigation into his participation in private dealings without obtaining his firm’s approval, which is a violation of FINRA rules. Botkin entered…
Andrew Logullo, a registered representative from Los Angeles, California, formerly with Ameritas Investment Corp., was suspended from FINRA membership as a result of an investigation into his ownership of discretionary accounts with members of another firm, which is a violation of FINRA rules. Logullo entered into an acceptance waiver and…
Tracy Turner, a registered representative from San Marcos, California, formerly with Colorado Financial Service Corporation, was barred from FINRA membership as a result of an investigation into his participation in a private securities investment transaction without obtaining his firm’s prior approval, which is a violation of FINRA rules. Turner entered…
Financial West Investment Group fined over private placement escrow accounts. In June 2017, the Financial Industry Regulatory Authority (FINRA) announced that Financial West Investment Group of Westlake, California, submitted an acceptance, waiver and consent letter, or AWC, regarding its participation in private placement offerings without the use of an escrow…
Coastal Equities fined $15,000. In June 2017, the Financial Industry Regulatory Authority (FINRA) announced that Coastal Equities Inc. of Wilmington, Delaware, submitted an acceptance, waiver and consent letter, or AWC, regarding its failure to supervise firm sales of non-traditional ETFs, or exchange-traded funds. The firm was censured and fined $15,000.…
Tom Brenner, a registered representative from Orrville, Ohio, formerly with First American Securities, Inc., was barred from FINRA membership as a result of an investigation into his connection to selling private investment offerings. Brenner entered into an acceptance, waiver and consent agreement with FINRA, in which he neither admitted nor…
Roy Woehrman, a registered representative from Oceanside, California, with LPL Financial LLC, was censured and fined by FINRA as a result of an investigation into his sharing of commissions with an unregistered affiliate. Woehrman entered into an acceptance waiver and consent agreement with FINRA, in which he neither admitted nor…
Kim Dee Isaacson, a registered representative from Farmington, Utah, formerly with Ameriprise Financial Services, Inc., was barred from FINRA membership as a result of an investigation into his providing false and misleading information to a customer about his investment account, which is a violation of FINRA rules. Isaacson entered into…
North Carolina broker Jason Likens suspended. Jason Likens, a registered representative from Asheville, North Carolina, formerly with International Assets Advisory, LLC, was suspended from FINRA membership as a result of an investigation into his borrowing money from customers without obtaining firm approval, which is a violation of LPL and FINRA…
David Gott suspended for outside business activities. David Gott, a registered representative from Tipton, Iowa, formerly with Ausdal Financial Partners, Inc., was suspended from FINRA membership as a result of an investigation into his selling of private investment equities to customers without obtaining his firm’s approval, which is a violation…