North Carolina broker Jason Likens suspended. Jason Likens, a registered representative from Asheville, North Carolina, formerly with International Assets Advisory, LLC, was suspended from FINRA membership as a result of an investigation into his borrowing money from customers without obtaining firm approval, which is a violation of LPL and FINRA…
David Gott suspended for outside business activities. David Gott, a registered representative from Tipton, Iowa, formerly with Ausdal Financial Partners, Inc., was suspended from FINRA membership as a result of an investigation into his selling of private investment equities to customers without obtaining his firm’s approval, which is a violation…
Craig Langweiler accused of excessive trading. Craig Langweiler, a registered representative from Philadelphia, Pennsylvania, formerly with Windsor Street Capital, is facing a FINRA complaint as a result of an investigation into a complaint regarding his excessive trading in a customer’s account. FINRA is currently looking into this complaint and has…
Hilliard Lyons ordered to pay $560,000 FINRA arbitration award In September, 2017, a FINRA arbitrator panel sitting in St. Louis, Missouri issued a $550,000 binding arbitration award against brokerage firm Hilliard Lyons, a FINRA registered broker dealer. The award included $100,000 in punitive damages pursuant to State Farm v. Campbell,…
Trident Partners hit with fine over complex steepeners trading. In July, 2017, the Financial Industry Regulatory Authority (“FINRA”) announced that Trident Partners Ltd. of Woodbury, NY, submitted an acceptance, waiver and consent letter regarding its failure to supervise its reps in their selling of steepeners. The firm was censured and…
Conestoga Life Settlements Services, Conestoga International, Conestoga Trust and Conestoga Member Services were all named as related entities in a Wisconsin Department of Financial Institutions Division of Securities Cease and Desist Order involving insurance agents Jace McDonald, Peter Viater and Derek Anderson. The Order dated May 15, 2015 made findings…
Mercury Securities hit with censure and fine In July 2017, the Financial Industry Regulatory Authority (“FINRA”) announced that Mercury Securities of San Rafael, CA submitted an acceptance, waiver and consent letter regarding its failure to effectively approve and document private securities transactions made by their representatives. The firm was censured…
Sean Sladek pleads guilty in Las Vegas USDC The securities attorneys at The Law Office of David Liebrader have opened an investigation into the investment related conduct of Sean Sladek, who plead guilty on October 4, 2017 to defrauding investors as part of a scheme to support his gambling lifestyle…
Terry Bahgat who was barred by FINRA in March, 2017, has now been sued by the SEC. In March, 2017 FINRA barred former Cambridge Investment Research and Gradient Securities broker Terry Bahgat, aka Tarek Bahgat for refusing to cooperate with a FINRA investigation. On September 29, 2017 the SEC filed…
Sonya Camarco charged with Fraud by SEC SEC alleges over $400,000 in client funds used to pay credit card bills The securities attorneys at The Law Office of David Liebrader have opened an investigation into the securities related conduct of Sonya Camarco (aka Sonya Fatchett), a licensed FINRA registered representative…