Nov 10th, 2014

Financial Advisor in San Jose Barred for Pushing Unsuitable Variable Universal Life Policies on Unsophisticated Investors.

Angelo Xagoraris of TransAmerica Financial Advisors was recently barred from the securities industry for violation of FINRA’s suitability and other rules. Mr. Xagoraris sold variable universal […]
Nov 9th, 2014

What Misconduct Occurred at BB&T Securities?

In Lawrenceville, BB&T Securities financial advisor Sandra McClure was recently terminated, according to BB&T, for “failure to follow policy/procedure.” When the Financial Industry Regulatory Authority (“FINRA”) […]
Nov 8th, 2014

Were Customer Funds Stolen at Wells Fargo Advisors?

In Atlanta, Wells Fargo Advisors broker Timothy Landrum was recently barred from the securities industry for failure to respond to regulator inquiries about alleged theft of […]
Nov 7th, 2014

Bellevue Registered Representative Barred From Securities Industry For Inaccurate Life Insurance Applications and Hiding His Federal Tax Liens

Sean Howell of Hornor, Townsend & Kent was recently barred from the securities industry. According to FINRA, Mr. Howell submitted inaccurate life insurance applications to his […]
Nov 5th, 2014

West Hills Financial Advisor Barred From Securities Industry For “Pump-and-Dump” Scheme

David Lawrence Gabai of Comerica Securities was barred from the securities industry for manipulating the stock of National Technical Systems, Inc. (“NTSC”). NTSC was a thinly […]
Nov 4th, 2014

Pasadena Stockbroker May Have Stolen $2 Million in Investor Funds

Mark Foster of Stern Fisher Edwards was barred from the securities industry for failure to answer regulator inquiries into his alleged theft of over $2 million. […]
Nov 3rd, 2014

Carlsbad Stockbroker Suspended for Tampering with Annuity Applications

Tamara Lynne Collins of LPL Financial was recently fined and suspended for tampering with annuity documents. Specifically, she added her client’s initials to documents, and changed […]
Nov 2nd, 2014

Western International Securities Fails to Supervise Broker who Allegedly Ran ForEx Scam

Poor supervision at Western International Securities (“Western International”) may have helped one of its brokers run a ForEx scam undetected. Jason Bo-Alan Beckman, a Western International […]
Nov 1st, 2014

SunTrust Investment Services Overcharges Advisory Clients

SunTrust received an $80,000 fine for overcharging investment advisory accounts. It appears that the misconduct lasted approximately two and a half years. SunTrust has returned approximately […]
Oct 31st, 2014

Atlanta Broker-Dealer Lamon & Stern, Inc., fined for failure to supervise its stockbrokers.

Lamon & Stern was recently censured and fined $25,000 for its failure to supervise its stockbrokers in several important ways. The firm failed to establish a […]