FINRA recently announced that Lance Nathaniel Scida (a registered representative in Wichita, Kansas) and Dennis Dale Bailey (a registered representative in Highlands Ranch, Colorado) submitted an Offer of Settlement in which they were suspended from association with any FINRA member in any capacity for two years. Without admitting or denying the allegations, Scida and Bailey [...]
The White Law Group is currently investigating whether Chicago Investment Group financial advisors, including but not limited to, Howard Corum, Howard Yeager and Thomas Marshburn, made unsuitable investment recommendations to invest in collaterized mortgage obligations (CMOs) and mortgage backed securities (MBS) bonds. FINRA recently announced that Chicago Investment Group, LLC has been censured, fined $35,000 [...]
According to FINRA, Terrence Thomas Alexander was recently barred from FINRA and from associating with any FINRA member firm. The sanction was based on findings that Alexander borrowed $29,000 from a firm customer contrary to his member firm’s compliance manual which prohibited financial advisors from borrowing from customers other than relatives. The findings further stated [...]