In May, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Kevin Kuhlow of Los Gatos, CA, formerly with LPL Financial was barred from association with any FINRA member. Kuhlow submitted to findings that he introduced LPL customers to an unapproved investment, and when questioned by FINRA about this conduct,…
In May, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Jeff Ingros of Beaver, PA, formerly with Raymond James Financial and Merrill Lynch, both of Beaver, PA was barred from association with any FINRA members. Ingros submitted to findings that he borrowed money from customers, a violation of firm…
In May, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Richard Crescenzo of Stony Brook, NY, formerly with Capital Securities Management of Melville, NY was suspended from association with any FINRA member for two years. Crescenzo submitted to findings that he borrowed money from elderly customers, violations of firm…
In May, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Christopher Burtraw of Lakewood, Colorado, formerly with JP Turner and Purshe, Kaplan, both of Lakewood, CO was barred from association with any FINRA member for borrowing money from customers, a violation of firm and industry rules. The findings further…
In May, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Noyeg Arkoian of Las Vegas, Nevada formerly with US Bancorp Securities was fined $5,000 and suspended from association with any FINRA member for three months for accepting loans from customers, a violation of firm rules. The findings further stated…
In May, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Oakbridge Financial Services of Kirkwood, Missouri submitted an acceptance, waiver and consent letter regarding supervisory lapses in its securities business. In agreeing to the AWC, the firm was fined $20,000. The AWC can be found here. FINRA’s allegations against…
In May, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Lombard Securities, Inc. of Baltimore, Maryland submitted an acceptance, waiver and consent letter regarding supervisory lapses in its securities business. In agreeing to the AWC, the firm was fined $50,000. The AWC can be found here. FINRA’s allegations against…
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 9554. FINRA Rule 9554. Failure to Comply with an Arbitration Award or Related Settlement or an Order of Restitution or Settlement Providing for Restitution The…
Rudy Luo, aka Jaoshiang Luo, a registered representative in Flushing, NY, formerly with Clark Dodge & Co., Andrew Garrett and Buckman, Buckman and Reid 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…
Don Iley, of Parker, Colorado, a registered representative formerly with Transamerica Financial and World Group Securities 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 provide information or…