Apr 27th, 2015

Los Angeles based Wedbush Securities Covers Up Supervisory Failure By Falsifying Documents

Wedbush Securities (“Wedbush” or “the firm”), a brokerage firm located in Los Angeles, California, created and gave FINRA falsified documents regarding its review of the firm’s […]
Apr 15th, 2015

West Hills Financial Advisor Busted for False and Reckless Advertising

According to FINRA, Jonathan Jay Greenfield made reckless material misrepresentations in emails to customers regarding the features of GWG Holdings, Inc. (“GWG”) Renewable Secured Debentures (“Debentures”). […]
Apr 13th, 2015

Calabasas Stockbroker Charged with Stock Manipulation

FINRA alleged that Scott Neal Glazer engaged in matched trading in an attempt to manipulate the price of National Technical Systems, Inc. (“NTSC”) stock and avoid […]
Apr 9th, 2015

Visalia Stockbroker Transfers Half A Million Dollars Using Forged Signatures

Bruce Robert Geiger, a stockbroker at Thrivent Investment Management, Inc. (“Thrivent”), is accused of altering forms and forging signatures on life insurance related documents to process […]
Apr 7th, 2015

Manteca Financial Advisor Barred From Securities Industry For Taking Money From Client’s Account

Randall A. Samson (“Mr. Samson”), a financial advisor with Ameriprise Financial Services, Inc. (“Ameriprise”), was barred from association with any FINRA member after transferring funds out […]
Apr 6th, 2015

California Financial Advisor Issues Private Securities Without Reporting To Firm, Putting Investors At Risk

A financial advisor in Aptos, California has allegedly made private transactions without the permission of his firm. Daniel McCourt, while working for Foothill Securities, Inc., began […]
Apr 4th, 2015

Irvine Stockbroker Fails to Reveal Tax Liens

Mark Cox (“Cox”) and PFS Investments, Inc. (“PFS”) received a fine and suspension for failing to disclose IRS tax liens on his Form U4, withholding crucial […]
Apr 2nd, 2015

Danville Financial Advisor Violates FINRA Rules, Putting Investors At Risk

A Danville financial advisor with Grigsby & Associates, Calvin Grigsby, has been fined $10,000 for deliberately violating FINRA rules by acting as a Financial and Operations […]
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 […]