Broker Barry Connell charged by SEC, terminated from Morgan Stanley, Barred by FINRA The securities attorneys at The Law Office of David Liebrader have opened an investigation into the securities related conduct of Barry Connell, a FINRA registered representative from Chester New Jersey, previously affiliated with Morgan Stanley in Ridgewood…
Award against Network 1 Financial broker Shane Melito In May, 2017, a FINRA arbitrator sitting in Los Angeles, CA issued a $51,000 binding arbitration award against Shane Melito, a registered representative with Network 1 Financial Securities. The underlying matter involved allegations that Shane Melito made unsuitable investments and breached his…
CFP Board Disciplines Sharon Fall. In October, 2016 the Certified Financial Planner Board’s Commission of Discipline and Ethics announced the discipline of former LPL Financial, International Assets Advisory and Simplicity Wealth rep Sharon Fall by issuing a permanent bar and a prohibition against her using the CFP designation and certification. …
Richard Sampley suspended by FINRA. In December, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Richard Sampley of Atlanta, Georgia, a registered representative formerly with Raymond James, Morgan Keegan and UBS Financial submitted an acceptance, waiver and consent letter whereby he was suspended from association with any FINRA member…
Pete Lappin suspended by FINRA In December, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Pete Lappin of Las Vegas, Nevada, a registered representative formerly with MetLife Securities, New England Securities and Wedbush Securities submitted an acceptance, waiver and consent letter whereby he was suspended from association with any…
Kenley Brisard barred by FINRA. In December, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Kenley Brisard of Weston, Florida, a registered representative formerly with Ridgeway & Conger and Gunn Allen Financial submitted an acceptance, waiver and consent letter whereby he was barred from association with any FINRA member…
Michael Babyak barred by FINRA In December, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Michael Babyak of Randolph, New Jersey, a registered representative formerly with Leigh Baldwin and LPL Financial submitted an acceptance, waiver and consent letter whereby he was barred from association with any FINRA member in…
FINRA fines Fenix Securities In December, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Fenix Securities of New York, NY submitted an acceptance, waiver and consent letter regarding its failure to register foreign associates prior to their placing orders on behalf of customers. As a result the firm was…
FINRA fines Houlihan Capital. In December, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Houlihan Capital of Chicago, IL submitted an acceptance, waiver and consent letter regarding its participation in a five million dollar private placement of securities. The firm was censured and fined $25,000. FINRA’s allegations against Houlihan…
Michael Quiles of LPL Financial was suspended by FINRA. Michael Quiles, a registered representative from Commack, NY, formerly with LPL Financial, Metlife Securities and AXA Advisors was suspended from FINRA membership. In February, 2016 he was discharged from LPL after receiving a loan from a non client, a violation of…