In a FINRA disciplinary proceeding against former Newport Coast Securities broker Marc Arena, FINRA made the following findings as to Arena in deciding to accept his offer of settlement. That from September 2008 through May 2013 Newport Coast Securities failed to prevent five of its registered representatives (Douglas Leone, David…
In October, 2015, the Financial Industry Regulatory Authority (“FINRA”) announced that Daniel Levin of Dallas, Texas submitted a letter of Acceptance, Waiver and Consent in which he was assessed a deferred fine of $25,000, suspended from association with any FINRA member in any capacity for six months and required to…
In October, 2015, the Financial Industry Regulatory Authority (“FINRA”) announced that Barry Hartman of Missoula Montana, formerly with FSC Securities submitted a letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Hartman consented…
In October, 2015, the Financial Industry Regulatory Authority (“FINRA”) announced that Ken Crosser submitted a Letter of Acceptance, Waiver and Consent (AWC) in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Crosser consented to the sanction and to the…
In October, 2015, the Financial Industry Regulatory Authority (“FINRA”) announced that Walter Chao submitted a Letter of Acceptance, Waiver and Consent (AWC) in which he was assessed a deferred fine of $30,000, suspended from association with any FINRA member in any capacity for two years. He was also required to…
In October, 2015, the Financial Industry Regulatory Authority (“FINRA”) announced that H. Beck submitted a Letter of Acceptance, Waiver and Consent (AWC) in which the firm was censured and fined $40,000. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that…
In October, 2015, the Financial Industry Regulatory Authority (“FINRA”) announced that Cedar Point Capital submitted a Letter of Acceptance, Waiver and Consent (AWC) in which the firm was censured and fined $10,000. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings…
In October, 2015, the Financial Industry Regulatory Authority (“FINRA”) announced that Braymen, Lambert and Noel Securities submitted a Letter of Acceptance, Waiver and Consent (AWC) in which the firm was censured and fined $70,000. Without admitting or denying the findings, BLNS consented to the sanctions and to the entry of…
Ken Miles, a registered representative formerly with Independent Financial Group in Redlands, CA 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 provides that a registered…
BJ Guido, a registered representative formerly with Wells Fargo Advisors in Fairhope, AL 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 provides that a registered…