Apr 21st, 2015

Atlanta Broker-Dealer Pays for Charging Customers Excessive Markups on Corporate Bonds

IFS Securities, Inc. (“IFS Securities” or the “firm”) of Atlanta, Georgia was censured and fined for selling corporate bonds to its customers with unreasonable markups given […]
Apr 7th, 2015

Norcross Stockbroker Suspended for Failing to Disclose Outside Business Ventures

Sunil Sachdeva of Norcross, Georgia was fined $10,000 and suspended for participating in outside business activities while willfully concealing the information from his employer. An employee […]
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 […]
Dec 7th, 2014

FINRA alleges Buford Stockbroker Improperly Sold Risky, Private Securities

Kenneth Brownlee of AllState Financial Services allegedly convinced clients to invest in a private company without disclosing the sales to his employer, and while he received […]
Dec 3rd, 2014

Savannah Broker John Wesley DuRant, III Fined for Improper Sales of Equity-indexed Annuities

Mr. Durant of Pruco Securities—Prudential’s brokerage firm—was fined and suspended for improper sales of equity-indexed annuities. Equity-indexed annuities are complex financial products which generally pay high […]
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 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 […]