FINRA recently announced that Jamik Jamar Ligon, formerly of Merrill Lynch, Pierce, Fenner & Smith, Incorporated in Jersey City, New Jersey, and Rocco Anthony Mongelli, of Peak Securities Corporation in Largo, Florida, were fined and suspended by FINRA. Ligon was fined $7,500 and suspended from association with any FINRA member in any capacity for two [...]
FINRA recently announced that Andres Luis Delmas, in Miami, Florida, has been fined $15,000 by FINRA and suspended from association with any FINRA member firm in any capacity for 60 days. Without admitting or denying, Andres Delmas consented to findings that he made unsuitable recommendations to customers to buy inverse floater Collateralized Mortgage Obligation (CMO) [...]
As first reported in the Tallahassee Democrat, Don Reinhard, a former Tallahassee investment banker, pleaded guilty to seven of 23 counts in a federal indictment charging him with bank fraud and money laundering. Sentencing in the case has been set for Aug. 12. A plea hearing in the federal bank-fraud and money-laundering case of former [...]