Articles Posted in Disciplinary Actions

Finra bars Zachary Bader.

In January, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Zachary Bader of West Babylon, NY formerly with National Securities Corp. and Craig Scott Capital  submitted an acceptance, waiver and consent letter whereby he was barred from association with any FINRA member in any capacity. The FINRA complaint alleged that Bader engaged in excessive and unsuitable trading in client accounts in regards to exchange traded notes.  FINRA found that Bader failed to conduct his own due diligence into the notes, and did not have a reasonable basis to recommend it to his clients.

Registration and disciplinary history

Finra fines Feltl and Company.

In January, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Feltl and Company of Minneapolis, MN submitted an acceptance, waiver and consent letter regarding its failure to supervise its registered representatives in their trading of companies on the firm’s “watch list.” In agreeing to the AWC, the firm was fined $50,000.

FINRA’s allegations against Feltl and Company concerned the trading in a company that approached Feltl for assistance with a corporate merger.  While Feltl placed the company on a watch list, FINRA contended that the firm did not properly supervise several registered representatives who traded shares of the company while corporate merger talks were underway.    FINRA found that the firm failed to properly investigate the trading to ensure compliance with the securities laws.

Finra suspends Tom Labeau.

Tom Labeau, a registered representative from Canton, MI, formerly with Kalos Capital of Livonia, MI 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

Tatyana Andreyeva suspended by FINRA.

Tatyana Andreyeva, a registered representative from Brooklyn, NY, formerly with John Carris Investments of Hoboken, NJ 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

Gene Smietana barred by FINRA.

Gene Smietana, a registered representative from Traverse City, MI formerly with LPL Financial, also of Traverse City  was suspended from FINRA membership for violations of Rule 9552

FINRA Rule 9552. Failure to Provide Information or Keep Information Current

Brett McCullough barred by FINRA.

Brett McCullough, a registered representative from Baton Rouge, LA formerly with Hancock Investment Services of Baton Rouge was suspended from FINRA membership for violations of Rule 9552

FINRA Rule 9552. Failure to Provide Information or Keep Information Current

MML borker Tony Jung barred.

Tony Jung, a registered representative from Fort Lee, NJ formerly with MML Investors Services  of Springfield, MA was suspended from FINRA membership for violations of Rule 9552

FINRA Rule 9552. Failure to Provide Information or Keep Information Current

Adam Carrol suspended.

Adam Carrol, a registered representative from Oswego, IL formerly with MetLife Securities of Downer’s Grove, IL was suspended from FINRA membership for violations of Rule 9552

FINRA Rule 9552. Failure to Provide Information or Keep Information Current

FINRA bars Tracy wengert.

In December, 2015, the Financial Industry Regulatory Authority (“FINRA”) announced that Tracy Wengert of Lakeside, AZ formerly with Transamerica Financial and World Group Securities, both of Mesa, AZ  submitted an acceptance, waiver and consent letter whereby he was barred from association with any FINRA member in any capacity. The 2015 FINRA complaint alleged that Wengert opened accounts outside his broker dealer and made unsuitable transactions for the customers in these accounts.  After FINRA opened its investigation, it asked Wengert to provide inflation in furtherance of the investigation, but Wengert refused to provide documents to FINRA.  .

Registration and disciplinary history

Karen Tautges Parisian suspended by FINRA.

In December, 2015, the Financial Industry Regulatory Authority (“FINRA”) announced that Karen Tautges-Parisian of Minnetonka, MN formerly with Ameriprise Financial Services of New Prague, MN submitted an acceptance, waiver and consent letter whereby she was suspended from association with any FINRA member in any capacity for nine months and fined $5,000. The 2014 FINRA complaint alleged that Tautges-Parisian made unsuitable recommendations to a customer to participate in penny stock transactions.  FINRA found the transactions represented an overconcentration of the customer’s assets in risky securities, and that the customer was not in a position to bear the loss of such an investment.

Registration and disciplinary history