Neil Pecker, a registered representative from Longwood, Florida, formerly with Vision Financial Partners, Coastal Equities and Westpark Capital was barred from FINRA membership as a result of refusing to cooperate with a FINRA investigation. Previously, Pecker had been charged by the CFTC with making false and materially misleading statements to…
Thomas Andrews, a registered representative from California, formerly from Nephi, Utah, and previously registered with LPL Financial was barred from FINRA as a result of allegations he defrauded over twenty clients in a scam he called “the Lincoln” and “the Jackson Trust.” Accroding to a complaint filed by the SEC,…
Abida Khan, aka Sheik Firdosh Kahn a registered representative from Pasadena, California, formerly with Ameritas Investment Corporation and Pruco Securities was barred from FINRA membership as a result of SEC proceedings into her role in brokering transactions in VGTL. According to the SEC, Khan received bribes from the seller of…
FINRA barred Nick Shermeta over his role in penny stock transactions. Criminal charges for aiding and abetting wire fraud are pending as of March, 2017. Nick Shermeta, a registered representative from Minnetonka, Minnesota, formerly with Northland Securities and Feltl & Company was barred from FINRA membership as a result of…
In February, 2017 the Certified Financial Planner Board’s Commission of Discipline and Ethics disciplined Triad Advisors’ CFP Douglas Miller by issuing an interim suspension. While under the interim suspension, Miller is prohibited from using the CFP certification pending a complete investigation by the CFP Board. Miller, of Toledo, Ohio was…
In February, 2017 the Certified Financial Planner Board’s Commission of Discipline and Ethics disciplined certified financial planner Sheldon Harber by suspending his CFP certification for a period of five months; from February 2017 through July, 2017. Harber, of St. Louis, Missouri, Arkansas was previously registered with Geneos Wealth Management, Cambridge…
On May 15, 2017 the Corporation Commissioner for the state of Arizona, acting through the Securities Division filed a complaint seeking a cease and desist order, and the revocation of securities licensing against Michael Crowe, a registered representative formerly registered with Securities America and FSC Securities Corporation. The Corporation Commissioner…
Alpine Securities Corporation charged by SEC. On June, 5, 2017 the SEC charged Alpine Securities Corporation, a Utah based broker dealer with violations of the United States securities laws, specifically section 17(a) of the Securities Exchange Act of 1934. The SEC’s complaint arises from a series of microcap stock transactions…
The SEC won its summary judgment motion (SEC v Aschere ) against Aschere Energy on its claim that Aschere sold unregistered securities to the public. Investors who purchased Aschere securities, especially in the “Wied Field” program should review their legal rights immediately. On July 8, 2016 a federal judge in…
In January, 2017 FINRA barred former broker, Allstate Financial’s Michael Farinella Michael Farinella, a registered representative from Florrisant, Missouri, formerly with AllState Financial Services 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…