Articles Posted in FINRA Membership Suspended

Hossein Amirriahei, a registered representative from Los Angeles, California, formerly with Wells Fargo Advisors was barred from FINRA membership as a result of failing to cooperate with a FINRA investigation.

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

This FINRA rule provides if a FINRA member fails to provide information or testimony requested or required by FINRA’s By-Laws or FINRA rules, or fails to keep his or her membership and supporting documents current, FINRA, after providing  21 days’ notice may suspend the FINRA membership of the person. If the suspension is not challenged within 90 days, FINRA may bar the individual.

FINRA bars JP Morgan broker Jon Levano.

Jon Levano, a registered representative from Reseda, California, formerly with J.P. Morgan Securities’ Woodland Hills office was barred from FINRA membership as a result of failing to cooperate with a FINRA investigation.

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

Lake Elmo broker Jeff Kluge barred by FINRA.

Jeff Kluge, a registered representative from Lake Elmo, Minnesota, formerly with Merrill Lynch’s St. Paul, MN office was barred from FINRA membership as a result of failing to cooperate with a FINRA investigation.

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

Alonza Barnett, (Al Barnett) a registered representative from Greensboro, North Carolina, formerly with Ameritas Investment Corp was barred from FINRA membership as a result of failing to cooperate with a FINRA investigation.

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

This FINRA rule provides if a FINRA member fails to provide information or testimony requested or required by FINRA’s By-Laws or FINRA rules, or fails to keep his or her membership and supporting documents current, FINRA, after providing  21 days’ notice may suspend the FINRA membership of the person. If the suspension is not challenged within 90 days, FINRA may bar the individual.

FINRA bars Lonnie Nguyen aka Luan Nguyen.

Lonnie Nguyen, a registered representative from Irvine, California, formerly with Pruco Securities was barred from FINRA membership as a result of failing to cooperate with a FINRA investigation.

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

Quinn McClendon is barred by FINRA.

Quinn McClendon, a registered representative from Philadelphia, PA, formerly with Citizens Securities, Mutual of Omaha Investors Services and Wells Fargo Advisors was barred from FINRA membership as a result of refusing to cooperate with a FINRA investigation.

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

FINRA bars Barry Jin of Fresh Meadows, NY

Barry Jin, (aka Boqian Jin) a registered representative from Fresh Meadows, NY, formerly with Spartan Capital, Lampert Capital, PHX Financial and John Carris Securities was barred from FINRA membership as a result of refusing to cooperate with a FINRA investigation.

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

Michael Quiles of LPL Financial was suspended by FINRA.

Michael Quiles, a registered representative from Commack, NY, formerly with LPL Financial, Metlife Securities and AXA Advisors was suspended from FINRA membership.  In February, 2016 he was discharged from LPL after receiving a loan from a non client, a violation of LPL’s policy.

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

Chris Cervino was barred by FINRA and the SEC over VGTL transactions

Chris Cervino, a registered representative from Franklin Lakes, New Jersey, formerly with Primary Capital, Cor Clearing and Wilson-Davis Co. was barred from FINRA membership as a result of SEC proceedings into his role in manipulating the market for VGTL.  According to the SEC, Cervino committed securities fraud by controlling and manipulating the market for VGTel, inflating the price and volume, and inducing investors to purchase VGTL shares through false and misleading statements.  On March 22, 2017 a jury found Cervino guilty of engaging in manipulative and deceptive conduct pertaining to the VGTL transactions. As a result, Cervino was barred from the securities industry.

Chris Cervino’s registration and disciplinary history

FINRA suspended and barred rep Brian Kennison.

Brian Kennison, a registered representative from Portland, Oregon, formerly with U.S. Bancorp Investments was barred from FINRA membership as a result of refusing to cooperate with a FINRA investigation.  In July, 2016 he was discharged from US Bancorp based on allegations that he misappropriated client funds. That same month the firm settled a customer complaint alleging that Kennison improperly took $40,000 from a customer’s account.  The firm paid back the entire amount in full and discharged Kennison.

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