FINRA recently announced that Robert Norman Gest, a financial advisor in Lighthouse Point, Florida, has been suspended from association with any FINRA member in any capacity for 18 months. Without admitting or denying the allegations, Gest consented to the described sanctions and to the entry of findings that he recommended risky and illiquid CMO positions [...]
FINRA recently announced that Broad Street Securities, Inc. (a FINRA registered broker-dealer based in Plantation, Florida) has been censured and fined $10,000. Without admitting or denying the findings, the Broad Street Securities, Inc. consented to the entry of findings that the firm, acting through an individual financial advisor, failed to establish and maintain a system [...]