Todd Pilosi, a registered representative from Clovis, California, formerly with LPL Financial was suspended from FINRA membership as a result of an investigation into his borrowing money from a customer without obtaining firm approval, which is a violation of LPL and FINRA rules. Pilosi entered into an acceptance waiver and…
Articles Posted in Disciplinary Actions
FINRA suspends former HD Vest broker John Olinghouse
John Olinghouse, a registered representative from Sparks, Nevada, formerly with HD Vest and Fortune Financial Services was suspended from FINRA membership as a result of an investigation into his reusing customer signatures by affixing them to different documents. Olinghouse entered into an acceptance waiver and consent agreement with FINRA in…
FINRA Bars Clay Hoffman
Clay Hoffman, a registered representative from Brunswick, Georgia, formerly with Summit Brokerage Services and Suntrust Investment Services was barred from FINRA membership as a result of failing to cooperate with a FINRA investigation. Hoffman has a long list of customer disputes (14) as well as being the subject of regulators’…
FINRA Bars Ronald Broadstone
Ronald Broadstone, a registered representative from Columbus, Ohio, formerly with UBS Financial Services was barred from FINRA membership as a result of failing to cooperate with a FINRA investigation. FINRA Rule 9552. Failure to Provide Information or Keep Information Current This FINRA rule provides if a FINRA member fails to…
BOK Financial to pay $1.6MM in Brogdon Muni Fraud Case
BOK Financial Settles SEC claims over Christopher Brogdon Senior Housing Deals On September 9, 2016 the SEC announced a settlement with BOK Financial Corporation whereby the firm agreed to pay $1.6 million to settle allegations that it failed to disclose a number of problems and concerns with several Christopher Brogdon…
Dwayne Edwards charged by SEC over Nursing Home Bonds
The SEC charged South Carolina resident Dwayne Edwards with fraud for his role in a $62 million assisted living municipal bond offering. On January 10, 2017 the SEC charged South Carolina business man Dwayne Edwards with fraud in connection with a series of municipal bond offerings that raised funds for…
Former J D Nicholas broker Don Fowler charged by SEC
The SEC charged former J.D. Nicholas broker Don Fowler with violating the securities laws for churning customer accounts. On January 10, 2017 the SEC charged Don Fowler of Massapequa, N.Y. a registered representative with Worden Capital Management, and previously with J.D. Nicholas & Associates (f/k/a A & F Financial Securities)…
SEC charges Worden Capital’s Greg Dean
Worden Capital’s Greg Dean charged by SEC with churning customer accounts. On January 10, 2017 the SEC charged Greg Dean of Seaford, N.Y. a registered representative with Worden Capital Management, and previously with J.D. Nicholas & Associates with excessively trading customer accounts for the purpose of generating commissions. This type…
Rusty Tweed charged by FINRA Investigation Pending
FINRA charges Rusty Tweed over fund transactions. On April 27, 2017 FINRA charged Rusty Tweed of Glendale California, a registered representative with Cabot Lodge Securities and formerly with Concorde Investment Services with making misstatements to investors in connection with a private placement in a company that utilized a computerized trading…
FINRA suspends Don Saccomano
Source Capital Group’s Don Saccomano suspended by FINRA. Don Saccomano, a registered representative from Norwalk, Connecticut, formerly with Janney Montgomery Scott and Source Capital Group was suspended from FINRA membership as a result of failing to cooperate with a FINRA investigation. FINRA Rule 9552. Failure to Provide Information or Keep…