Geneos Wealth Management fined by FINRA. In December, 2015, the Financial Industry Regulatory Authority (“FINRA”) announced that Geneos Wealth Management of Centennial, CO submitted an acceptance, waiver and consent letter regarding its failure to supervise its registered representatives in their sales of limited partnership interests to customers. In agreeing to…
Capital Securities Management fined $470,000. In December, 2015, the Financial Industry Regulatory Authority (“FINRA”) announced that Capital Securities Management of Glen Allen, Virginia submitted an acceptance, waiver and consent letter regarding its sales of four million dollars of reverse convertible notes (RCNs) to its clients, and the firm’s failure to…
Daniel Crowley suspended by FINRA. Daniel Crowley, a registered representative from New Canaan, CT, formerly with Rochdale Securities of Stamford, CT 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…
FINRA suspends J.R. Gladden a year. In July, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that J.R. Gladden of La Mesa, California formerly with Securities Equity Group of El Cajon, CA submitted an acceptance, waiver and consent letter whereby he was suspended from association with any FINRA member in…
Caldwell International Securities Charged by FINRA with sales practice violations. In a complaint filed by the FINRA Department of Enforcement on December 16, 2105 Caldwell International Securities of Fisher, TX and its principal owner Greg Caldwell, Lennie Freiman, its president, chief compliance officer Paul Jacobs, along with registered reps Alain…
FINRA bars Stifel broker Andy Quinn. In February, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Andy Quinn of Reno, NV, formerly working out of Stifel Nicolaus’ Reno office was barred from association with any FINRA member in any capacity for borrowing money from an elderly widow, then defaulting…
Besty Marcom suspended four months In February, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Betsy Marcom of Georgetown, TX, formerly with Next Financial Group of Georgetown, TX submitted an acceptance, waiver and consent letter whereby she was suspended from association with any FINRA member in any capacity for…
FINRA suspends Charles Laverty. In February, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Charles Laverty of Newport Beach, CA, formerly with Oppenheimer and Co. and Calton & Associates submitted an acceptance, waiver and consent letter whereby he was suspended from association with any FINRA member in any capacity…
Finra bars Rick Esparza In February, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Rick Esparza of Rancho Murieta, CA, formerly with Princor Financial Services of Rancho Murieta, CA submitted an acceptance, waiver and consent letter whereby he was barred from association with any FINRA member in any capacity.…
Larry Crabtree suspended. In February, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Larry Crabtree of Edmund, OK, of Wilbanks Securities of Edmund, OK submitted an acceptance, waiver and consent letter whereby he was suspended from association with any FINRA member in any capacity for a period of six…