Apr 2nd, 2015

Key West Investments Fined for Unlawful Sale of Private Securities

Key West Investments, LLC (Key West), a California based brokerage firm, was recently fined for improper sales of private placements. Private securities are investments offered to […]
Mar 31st, 2015

Northwestern Mutual Hires Unlicensed Stock Broker, Who Then Forges Client Documents

In San Jose, Northwestern Mutual Investment Services hired Patrick Llewellyn as a financial advisor, although he was was not yet licensed. Llewellyn forged twelve customers’ signatures […]
Mar 20th, 2015

Irvine Stockbroker Barred From Securities Industry For Improper Withdrawals From Investor’s Account

Peter Kim, a former stockbroker with Morgan Stanley, has been barred from the securities industry. According to FINRA, Kim refused to cooperate with an investigation into […]
Mar 19th, 2015

Wedbush Securities Busted For Failing To Disclose Customer Complaints, Harming The Investing Public

Wedbush Securities is in hot water for failing to timely and properly disclose its brokers’ bankruptcies, customer complaints, criminal allegations, and other serious matters. According to […]
Jan 19th, 2015

Montgomery Stockbroker Suspended Four Months For Taking Money From Elderly Client

James Gilbert, formerly of J.P. Morgan, was recently fined and suspended for borrowing money from a client. The new client was both elderly and infirm. FINRA […]
Jan 19th, 2015

Spokane Financial Advisor Misappropriated Over $300,000 Of Customers’ Money

John C. Hanson, formerly a financial advisor at Northwestern Mutual, has been permanently barred from the securities industry. Mr. Hanson refused to comply with requests for […]
Jan 19th, 2015

Fircrest Financial Advisor Barred From Securities Industry For Steering Seniors Into Bogus Investments

Patrick Harrison, a former financial advisor at CUSO Financial Services, was recently barred from the securities industry. According to the Financial Industry Regulatory Authority (“FINRA”), Mr. […]
Jan 19th, 2015

Westover Stockbroker Barred From Associating With Broker-Dealers, But Is Still Active Investment Advisor

James McLaughlin was recently terminated from Securities America and barred by FINRA from associating with any of its members in any capacity. According to the Financial […]
Jan 19th, 2015

Alpharetta Stockbroker Fined For Failure To Report IRS Liens

Michael “Mike” Smith of Financial Telesis has been suspended for failure to disclose numerous federal tax liens filed against him. Stockbrokers are required to report several […]
Jan 12th, 2015

Zhunrise Multilevel Marketing Plan is Ponzi Scheme, Says SEC

Zhunrise is a popular multilevel marketing company, taking in approximately 77,000 investors and $105 million since 2012 but, according to the SEC, it is also a […]