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October 29, 2009
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Blog, Securities Fraud
FINRA recently announced that Gary Robert Stremel, formerly of Citigroup Global Markets, Inc. in Houston, Texas, has been barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Stremel consented to the entry of findings that he exercised discretion in a customer’s
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October 28, 2009
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Blog, Securities Fraud
The Financial Industry Regulatory Authority (FINRA) recently announced that in separate enforcement actions, it has permanently barred two stock brokers for running multi-million-dollar Ponzi schemes that victimized a wide range of investors — including elderly individuals, mentally and physically impaired
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October 28, 2009
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Blog, Securities Fraud
FINRA recently announced that Maria Duarte Pumariega, a financial advisor formerly registered with Wachovia Securities in Miami, Florida, has been barred from association with any FINRA brokerage firm in any capacity. The sanction was based on findings that Pumariega, without permission or authority, converted
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October 26, 2009
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Blog, Securities Fraud
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida. The White Law Group has its Florida office in Boca Raton, Florida because of the obvious benefits of being located so close to FINRA Dispute
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October 24, 2009
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Blog, Securities Fraud
The Financial Industry Regulatory Authority (FINRA) announced in April that it has fined Fifth Third Securities, Inc., (FTS) of Cincinnati, OH, $1.75 million for a series of violations related to variable annuity sales and exchanges. FINRA found that Fifth Third Securities made 250 unsuitable sales and exchanges to
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October 23, 2009
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Blog, Securities Fraud
FINRA recently announced that Dana Reece Anderson, formerly of Intersecurities, Inc. in Waterloo, Iowa, has been censured and barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Dana Anderson consented to entry of findings that he forged a customer’s signature
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October 21, 2009
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Blog, Securities Fraud
FINRA recently announced that CP Capital Securities, Inc., a registered broker-dealer based in Miami, Florida, has been fined $21,500 for various securities violations. Without admitting or denying the findings, CP Capital Securities, Inc. consented to the entry of findings that it acted as the placement agent for a
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October 21, 2009
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Blog, Securities Fraud
FINRA recently announced that Bear Stearns & Co., Inc. (n/k/a J.P. Morgan Securities, Inc.) has been fined $500,000 and censured for failure to supervise. Without admitting or denying the findings, Bear Stearns consented to the entry of findings that it failed to establish and maintain adequate supervisory systems
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October 20, 2009
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Blog, Securities Fraud
As first reported recently in the Orlando Sentinel, a boom in the reverse-mortgage business has become a magnet for the same profit-driven “sales culture” that caused the subprime-mortgage meltdown, according to a new consumer report. Some lenders are targeting older homeowners with familiar weapons,
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October 16, 2009
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Blog, Securities Fraud
The Financial Industry Regulatory Authority (FINRA) recently announced the expansion of its two-year pilot program that gives investors who are filing eligible claims the opportunity to select an arbitration panel composed of three public arbitrators instead of two public and one non-public. This program gives
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