Brian Anderson, a former registered representative with PrimeVest Financial Services in Jersey City, has been sentenced to 68 months in federal prison, after admitting that he stole more than $1 million from eight elderly clients. At his sentencing Wednesday, 46-year-old Brian Anderson of Oradell also was ordered to pay more than $1.1 million in restitution. [...]
The White Law Group reviews securities fraud cases throughout the country, including reviewing securities fraud cases involving all of the FINRA registered broker-dealers. Wedbush Securities is a FINRA registered broker-dealer founded in 1955. It is primarily a West Coast firm, with headquarters in Los Angeles, California. According to the firm’s FINRA Broker Report (CRD), Wedbush [...]
FINRA recently announced that Charles James Moni, a financial advisor formerly registered with Jesup & Lamont Securities Corp, a FINRA broker-dealer based in Edison, New Jersey, has been fined $39,013, which includes disgorgement of $29,013 representing commissions received, and suspended from association with any FINRA member in any capacity for six months. Without admitting or [...]
FINRA recently announced that Garden State Securities, Inc. (a FINRA registered broker-dealer based in Wall, New Jersey), Ted David Baturin (a registered financial advisor based in Parkland, Florida ) and Christopher John Lane, Sr. (a registered financial advisor based in Avon, New Jersey) have been fined and censured as a result of FINRA investigation. Specifically, [...]
FINRA recently announced that Michael Lewis Axel, formerly of Tripp & Co., Inc. in New York City , has been barred from association with any FINRA member firm in any capacity. Without admitting or denying the findings, Axel consented to the described sanction and to findings that he misappropriated at least $624,000 from customers of [...]
FINRA recently announced that William J. Gray, formerly of AXA Advisors, LLC in Woodbridge, New Jersey , has been barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Gray consented to findings that he forged the signatures of a customer and brokers of his firm (AXA Advisors) on [...]
On September 15, 2009, FINRA announced that a Financial Industry Regulatory Authority (FINRA) Hearing Panel has barred John Edward Mullins a former registered representative with Morgan Stanley DW, Inc. (now known as Morgan Stanley Smith Barney, LLC) for misappropriating $11,156.47 from the charitable foundation of a 97-year old nursing home resident and widow who was [...]
Plans Recommended Using Funds Obtained From Mortgage Refinancings and Home Equity Loans FINRA Also Suspends Broker for Nine Months, Fines Her $60,000 The Financial Industry Regulatory Authority (FINRA) recently announced that it has fined Ameritas Investment Corp., of Lincoln, NE, $100,000 and has suspended and fined one of its brokers for inducing customers to take [...]