Barbara Bottoms fined and suspended by FINRA In November, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Barbara Bottoms of North Pole Alaska, a registered representative formerly with Wells Fargo Advisors submitted an acceptance, waiver and consent letter whereby he was suspended from association with any FINRA member in…
FINRA fines Nikoh Securities In November, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Nikoh Securities Corporation of Northbrook, IL submitted an acceptance, waiver and consent letter regarding its failure to supervise its registered representatives who participated in private securities transactions. The firm was fined $5,000 by FINRA. FINRA’s…
Jay Chitnis barred by FINRA In November, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Jay Chitnis of Atlanta, Georgia, a registered representative formerly with Yieldquest Securities and IFS Securities submitted an acceptance, waiver and consent letter whereby he was barred from association with any FINRA member in any…
FINRA charges Hank Werner of Legend Securities. In a complaint filed by the FINRA Department of Enforcement in October, 2016 Hank Werner of Northport, NY, a former registered representative with Legend Securities was named as a Respondent in a complaint charging him with churning an elderly widow’s account over three…
FINRA suspends former UBS, Morgan Stanley broker Lance Slater. Lance Slater, a registered representative from Marlton, NJ formerly with UBS Financial Services and Morgan Stanley was suspended from FINRA membership for violations of Rule 9554. He has subsequently been barred by FINRA. FINRA Rule 9554. Failure to Comply with an…
FINRA suspends Encinitas, CA broker Derek Miller. Derek Miller, a registered representative from Encinitas, CA formerly with Securities America and Cambridge Investment Research was suspended from FINRA membership for violations of Rule 9554. He has subsequently been barred by FINRA. FINRA Rule 9554. Failure to Comply with an Arbitration Award…
Sugar Land UBS broker David Lavine barred by FINRA. David Lavine, a registered representative from Sugar Land, TX, formerly with UBS Financial Services was suspended from FINRA membership for violations of Rule 9554. He has subsequently been barred by FINRA. FINRA Rule 9554. Failure to Comply with an Arbitration Award…
FINRA bars William Upchurch. William Upchurch, a registered representative from Hyattsville, MD, formerly with PFS Investments of Largo, MD. 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…
FINRA bars David Seigerman. 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 9552 FINRA Rule 9552. Failure to Provide Information or Keep Information Current This FINRA rule provides if a FINRA member fails…
FINRA bars James Ignatowich James Ignatowich, a registered representative from Delray Beach, FL, formerly with Newbridge Securities and Investor’s capital Corp. 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…