In November, 2015, the Financial Industry Regulatory Authority (“FINRA”) announced that registered representative Matt Schomburg of Houston, Texas and formerly associated with State Frm VP Management submitted a letter of Acceptance, Waiver and Consent in which he was assessed a deferred fine of $15,000 and suspended from association with any…
In November, 2015, the Financial Industry Regulatory Authority (“FINRA”) announced that registered representative Todd Shanholtzer of Las Vegas, Nevada and formerly associated with Park Avenue Securities submitted a letter of Acceptance, Waiver and Consent in which he was assessed a deferred fine of $10,000 and suspended from association with any…
Daniel Pancake, a registered representative formerly affiliated with several Reno, Nevada based broker dealers was suspended from FINRA membership for violations of Rule 9552 FINRA Rule 9552. Failure to Provide Information or Keep Information Current provides if a member, person associated with a member or person subject to FINRA’s jurisdiction…
In a complaint filed by FINRA, and reported in September, 2015 Red River Securities of Plano, Texas and Brian Keith Hardwick were named respondents in a FINRA complaint alleging that they willfully violated Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 by making material misrepresentations and…
In a complaint filed by FINRA, and reported in September, 2015 Equinox Securities, Inc. of Redlands, California, Stephen Oliveira of Phelan, California and Chris Palkowitsh of Cumming, Georgia were named respondents in a FINRA complaint alleging that Equinox Securities and Palkowitsh engaged in a manipulative, deceptive and fraudulent scheme by…
In a complaint filed by FINRA, and reported in September, 2015 Chestnut Exploration Partners, of Richardson, Texas and Mark Allan Plummer were named as Respondents alleging that they willfully made material misrepresentations and omissions to Chestnut Exploration Partners customers who purchased securities in a private placement oil and gas offering,…
In a FINRA Office of Hearing Officers’ decision reported in September, 2015 (which is presently on appeal) De Pere, Wisconsin broker dealer KCD Financial, Inc. was censured and fined $115,000. The sanctions were based on findings that the firm permitted registered representatives in two branch offices to use false and…
In September, 2015, the Financial Industry Regulatory Authority (“FINRA”) announced that registered representative John Waszolek of Scottsdale, AZ, and formerly associated with Raymond James submitted a letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member. Without admitting or denying the allegations, Waszolek…
In September, 2015, the Financial Industry Regulatory Authority (“FINRA”) announced that registered representative Mike Talin of Seal Beach, CA, and formerly associated with Woodbury Financial Services submitted a letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Without admitting…
In September, 2015, the Financial Industry Regulatory Authority (“FINRA”) announced that registered representative Joe Schroeder of Dallas, Texas and formerly associated with Wunderlich Securities out of Plano submitted a letter of Acceptance, Waiver and Consent in which he was assessed a deferred fine of $20,000 and suspended from association with…