Jim Harrington barred by FINRA. Jim Harrington, a registered representative from Livermore, CA formerly with State Farm VP Management of Bloomington, IL 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…
Aaron Armstrong barred by FINRA. Aaron Armstrong, a registered representative from Stamford. CT, formerly with NY Life Securities, of New York, NY 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…
Allegis Investment Advisors’ risky options strategy causes losses. The Law Office of David Liebrader has opened an investigation into Allegis Investment Advisors’ program of placing investors’ funds into discretionary managed brokerage accounts that utilized a proprietary “options trading strategy.” The strategy consisted of simultaneously buying and selling “index options” based…
FSC Securities was ordered to pay an investor $60,000. In February, 2016, a three member FINRA arbitration panel sitting in Pittsburgh, PA issued a $60,000 binding arbitration award against brokerage house FSC Securities. The underlying matter involved allegations that FSC Securities mismanaged a customer account, breached fiduciary duties and failed…
Raymond James owes investor $600,000 says FINRA panel. In February, 2016, a three member FINRA arbitration panel sitting in Albany, NY issued a $600,000 binding arbitration award against brokerage house Raymond James and Associates. The underlying matter involved allegations that Raymond James and Associates mismanaged a customer account, breached their…
Ami Forte and Morgan Stanley ordered to pay investor $33,000,000. In March, 2016, a three member FINRA arbitration panel sitting in Tampa Florida issued a staggering $33,000,000 binding arbitration award against Ami Forte and her firm Morgan Stanley. The underlying matter involved allegations that Ami Forte and Morgan Stanley mismanaged…
Meyers Associates loses arbitration case. In June, 2016, a FINRA arbitration panel issued a $19,000 binding arbitration award against Meyers Associates and registered rep Colin Archer. The underlying matter involved allegations that Meyers Associates and Colin Archer breached their fiduciary duty, were negligent, engaged in unsuitable trading and churning, and…
National Securities Corp. ordered to pay investor over $500,000. In July, 2016, a three member FINRA arbitration panel sitting in Houston, TX issued a $500,000 binding arbitration award against National Securities Corp and registered rep John Labarca.. The underlying matter involved allegations that National Securities Corp and John Labarca breached…
Stern Fisher Edwards was ordered to pay an investor $300,000. In June, 2016, a three member FINRA arbitration panel sitting in Los Angeles, CA issued a $300,000 binding arbitration award against Stern Fisher Edwards and Charles Bohlen.. The underlying matter involved allegations that Stern Fisher Edwards and Charles Bohlen breached…
Morhan Stanley was ordered to pay an investor $8.5 Million. In June, 2016, a three member FINRA arbitration panel sitting in Los Angeles, CA issued a $8,500,000 binding arbitration award against Morgan Stanley and Peter Doyle and Wendy Feldman for the sale of unsuitable investments. The underlying matter involved allegations…