Each state has its own securities laws. The following are selected sections of the Ohio securities laws that are generally applicable in FINRA arbitrations. 1301:6-3-19 Deceptive practices and good business repute. (A) No dealer or salesperson shall: (1) Engage in any pattern of unreasonable or unjustified delay in the delivery of securities sold; (2) Induce [...]
FINRA recently announced that Christopher William Shanahan, a former financial advisor in Westlake, Ohio, has been barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Shanahan consented to the described sanction and to the entry of findings that he misappropriated more than $30,000 from his member firm. According [...]
The White Law Group is investigating securities fraud claims on behalf of investors involving recommendations made by broker-dealers like Securities America, Peak Securities, and Cedar Brook Financial Partners (among others) to invest in Medical Capital. Medical Capital was set up to purchase accounts receivables of medical providers and package them as private investments. The firm [...]
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida. The White Law Group has its offices in Chicago, Illinois and Boca Raton, Florida because of the obvious benefits of being located so close to the FINRA [...]
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida. The White Law Group has its offices in Chicago, Illinois and Boca Raton, Florida because of the obvious benefits of being located so close to the FINRA [...]
FINRA recently announced that Ancora Securities, Inc., a registered broker-dealer based in Cleveland, Ohio, has been censured, fined $12,500 and required to revise its written supervisory procedures regarding trade report input. Without admitting or denying the findings, Ancora Securities consented to the described sanctions and to the entry of findings that it accepted short sale [...]
FINRA recently announced that Fortune Financial Services, Inc. (a FINRA registered broker-dealer based in New Brighton, Pennsylvania ) and Brian Lee Daniels have been censured and fined $125,000 and $25,000 respectively. Additionally, Daniels has been suspended from association with any FINRA member in any principal capacity for nine months. Fortune Financial Services has also been [...]