Category: FINRA

ONLY A SMALL AMOUNT OF REGULATORY INVESTIGATIONS TURN INTO DISCIPLINARY ACTIONS, FINRA SAYS.

FINRA Enforcement recently released some information on how and when one of its investigations turns into an actual enforcement action against one of its broker dealers or registered representatives.  Jessica Hopper, Head of FINRA Enforcement, explained the enforcement process. FINRA starts investigations based on information received from various sources, including their own examinations of the… read more

FL Broker Bobby Coburn Barred For Failing to Cooperate with FINRA Investigation Into Unapproved Transactions

Lose money investing with Bobby Wayne Coburn? The Fort Meade Broker was barred by FINRA for failing to cooperate with an investigation into unapproved securities transactions. Call Meyer Wilson.

SEC Says Merrill Lynch Advisor Marcus Boggs Used $1.7M in Client Funds for Personal Expenses

Lose money investing with former Chicago Merrill Lynch Representative Marcus Boggs? Boggs has been accused by the SEC of stealing over $1.7M in client funds to pay personal bills. Call Meyer Wilson for a consultation.

Former Manhattan Financial Advisor Elias Herbert Hafen Pleads Guilty to Investment Fraud

Lose money investing with Elias Herbert Hafen? The former Manhattan Advisor pled guilty to investment fraud charges over a scheme carried out during his time at Morgan Stanley. Call Meyer Wilson to discuss your case.

UBS Broker Jose Cornide Hit With Unsuitability, Misrepresentation Complaints

Lose money investing at the recommendation of Jose Cornide? The Florida UBS Broker is facing complaints of unsuitability and misrepresentation resulting in substantial losses. Call Meyer Wilson.

UBS Broker Nicolas Barrios Barred For Failure to Cooperate with Fraud Investigation

Former UBS Financial Services Broker Nicolas J. Barrios was barred by FINRA. Call Meyer Wilson to speak with an investment loss attorney about your options.

Former Wells Fargo Rep Robert Montes Barred by FINRA After Investigation Into The Possible Misuse of Elderly Client Assets

Lose money investing with former Wells Fargo Advisor Robert F. Montes? Montes has been barred by FINRA for not cooperating with an investigation into potential misuse of elderly customer funds.

SEC Indicts Former LPL Broker Kerry L. Hoffman on $3.3M Investor Fraud

Former LPL Financial Broker/Adviser Kerry L. Hoffman has been sued by the SEC in a $3.3M investor fraud case involving unregistered GT Media securities. Meyer Wilson is reviewing claims nationwide.

Ohio Broker Michael Mackay Barred Over FINRA Investigation into Outside Business Activity

Did you lose money investing with Transamerica broker Michael R. Mackay? The former Cincinnati broker has been barred by FINRA over failures to comply with an investigation into alleged outside business activity.

Utah LPL Rep Jason Nelson Barred by FINRA

Did you lose money investing with Jason Reed Nelson? The Tremonton, UT LPL Financial Broker has been barred by FINRA.