• Former advisor Gregg Caplitz sentenced.

    May 22, 2016 Comments (0) Blog

    According to reports, Gregg Caplitz, an investment advisor from Wilmington, Massachusetts, recently received a three-and-a-half year prison sentence for allegedly telling clients he would invest their money in a hedge fund but instead diverting the funds to his business partner and other members of her family who

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  • UDF IV releases results of internal investigation.

    May 18, 2016 Comments (0) Blog

    According to reports, UDF IV has announced that it had conducted an independent investigation of its business and found no evidence of fraud. UDF IV was listed on the Nasdaq in June 2014. In December, an anonymous post on an investor website claimed that UDF IV, a lender to real estate developers, was operating like

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  • Raymond James fined by FINRA.

    May 18, 2016 Comments (0) Blog

    According to various reports, regulators have fined Raymond James $17 million, accusing the financial services firm of widespread failures in its controls against money laundering. The Financial Industry Regulatory Authority (a/k/a FINRA) recently announced that Raymond James failed over several years to detect

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  • Miguel Angel Hernandez barred from securities industry.

    May 17, 2016 Comments (0) Blog

    According to an InvestmentNews report, Miguel Angel Hernandez has been barred from the brokerage industry after allegedly lying to obtain $25,000 in cash from an elderly woman he met at church. According to a FINRA, while a registered broker at Thrivent Investment Management Inc., Mr. Hernandez told the customer that

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  • Christopher Thomas Tolmacs barred from securities industry.

    May 16, 2016 Comments (0) Blog

    According to a recent FINRA disciplinary announcement, Christopher Thomas Tolmacs (CRD #4648724, Scotts, Michigan) has submitted an AWC in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Tolmacs consented to the sanction and to the entry of

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  • Brian David Smit barred from securities industry.

    May 16, 2016 Comments (0) Blog

    According to a recent FINRA disciplinary announcement, Brian David Smit (CRD #5767978, Sioux Falls, South Dakota) submitted an AWC in he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Smit consented to the sanction and to the entry of findings that he

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  • Thomas Paul Schober barred from securities industry.

    May 16, 2016 Comments (0) Blog

    According to a recent FINRA disciplinary announcement, Thomas Paul Schober (CRD #1058291, Rumson, New Jersey) has submitted an AWC in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Schober consented to the sanction and to the entry of findings

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  • Kelsey Molyet barred from securities industry.

    May 16, 2016 Comments (0) Blog

    According to a recent FINRA disciplinary announcement, Kelsey Marie Molyet (CRD #5695243, Indianapolis, Indiana) submitted an AWC in which she was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Molyet consented to the sanction and to the entry of findings that

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  • Kevin Kuhlow barred from securities industry.

    May 16, 2016 Comments (0) Blog

    According to a recent FINRA disciplinary announcement, Kevin Joseph Kuhlow (CRD #1993792, Los Gatos, California) has submitted an AWC in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Kuhlow consented to the sanction and to the entry of findings

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  • Jeffrey Ingros barred from securities industry.

    May 16, 2016 Comments (0) Blog

    According to a recent FINRA disciplinary announcement, Jeffrey Scott Ingros (CRD #2091822, Beaver, Pennsylvania) has submitted an AWC in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Ingros consented to the sanction and to the entry of findings

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