Five Star Financial Hit with Cease and Desist Order by California’s Department of Business Oversight On August 9, 2016 the State of California’s Department of Business Oversight issued a cease and desist order against Five Star Financial (dba JBAH Insurance Solutions) and its control persons and officers Anna Holt and…
Robert Estevez suspended by FINRA In September, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Robert Estevez of Greenwich, CT, a registered representative with Joseph Gunnar and Company submitted an acceptance, waiver and consent letter whereby he was suspended from association with any FINRA member in any capacity for…
Joey Broussard barred by FINRA In November, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Joey Broussard of Princeton, Texas, a registered representative formerly with Source Capital Group and Red River Securities was barred from association with any FINRA member in any capacity. The FINRA findings stated that a…
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…