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March 26, 2012
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Blog, Securities Fraud
According to the Cincinnati Business Courier, Elliot Kravitz, a financial advisor in Mason, Ohio, recently pleaded guilty to one count of wire fraud for an investment scheme in which he defrauded nine of his customers out of more than $2 million. Kravitz could face up to 20 years in prison and a fine of up …
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January 27, 2012
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Blog, Securities Fraud
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
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May 24, 2010
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Blog, Securities Fraud
FINRA recently announced that Ancora Securities, Inc., a registered broker-dealer based in Cleveland, Ohio, has been censured, fined $12,500 and required to revise its written supervisory procedures regarding trade report input. Without admitting or denying the findings, Ancora Securities consented to the described
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