According to a recent release from the Securities and Exchange Commission (SEC), they have “charged the holding company for one of Florida’s largest banks and its top executive with misleading investors about growing problems in one of its significant loan portfolios early in the financial crisis.” The SEC has alleged that BankAtlantic Bancorp and CEO [...]
Hantz Financial Services, Inc. (CRD #46047, Southfield, Michigan) recently submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $50,000. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that the firm failed to establish and maintain an adequate [...]
Valmark Securities, Inc. (CRD #31243, Akron, Ohio) recently submitted an Offer of Settlement in which the firm was censured and ordered to pay $350,000 in restitution to investors. Without admitting or denying the allegations, the firm consented to the described sanctions and to the entry of findings that the firm approved an offering for sale [...]
Wilson-Davis & Co., Inc. (CRD #3777, Salt Lake City, Utah) recently submitted an Offer of Settlement in which the firm was censured, fined $75,269, $35,269 of which represents disgorgement of the firm’s profits, and required to certify to FINRA, within 30 days, that it has reviewed its policies, systems and procedures for the liquidation of [...]
Capital Financial Services, Inc. (CRD #8408, Minot, North Dakota) recently submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and ordered to pay $200,000 in restitution to investors. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that it failed [...]
Woodbury Financial Services, Inc. (CRD #421, Oak Dale, Minnesota) recently submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $75,000. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that a firm registered representative converted approximately $990,000 from [...]
CBG Financial Group, Inc. (CRD #6578, Boca Raton, Florida) recently submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $50,000. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that it allowed a statutorily disqualified person to associate [...]
Lone Star Securities, Inc. (CRD #20452, Addison, Texas) recently submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $35,000. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that it failed to provide the required financial statements for [...]
Brookstone Securities, Inc. (CRD #13366, Lakeland, Florida) recently submitted an Offer of Settlement in which the firm was censured and fined $200,000. Without admitting or denying the allegations, Brookstone consented to the described sanctions and to the entry of findings that registered representatives, while associated with the firm, made misrepresentations or omissions of material fact [...]
Wunderlich Securities, Inc. (CRD #2543, Memphis, Tennessee) recently submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $50,000. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that it failed to supervise the personal trading of research analysts who [...]