Inc.

May 12th, 2015
Published by Jeremy Hyndman at May 12th, 2015
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Irving Securities Company EDI Financial Inc., Fined $100,000 for Failing to Supervise Customer Accounts

FINRA issued EDI Financial, Inc. (EDI), a Texas brokerage firm, a hefty $100,000 fine for pushing customers to purchase numerous private placements despite the danger of […]
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May 5th, 2015
Published by Jeremy Hyndman at May 5th, 2015
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FINRA Bans Grand Rapids Financial Advisor for Stealing Client Funds

Steven James Dunkelberg, Jr. a financial advisor with Fifth Third Securities, Inc. in Grand Rapids, Michigan, was barred from the securities industry for misappropriating client funds […]
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May 1st, 2015
Published by Jeremy Hyndman at May 1st, 2015
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Cobra Trading, Inc. Fined for Failing to Implement Security Procedures

Cobra Trading, Inc. a broker-dealer headquartered in Allen, Texas, was fined $150,000 for failing to execute Anti-Money Laundering (“AML”) procedures to help detect suspicious transactions in […]
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Apr 21st, 2015
Published by Jeremy Hyndman at Apr 21st, 2015
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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 […]
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Apr 15th, 2015
Published by Jeremy Hyndman at Apr 15th, 2015
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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”). […]
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Apr 7th, 2015
Published by Jeremy Hyndman at Apr 7th, 2015
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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 […]
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Apr 6th, 2015
Published by Jeremy Hyndman at Apr 6th, 2015
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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 […]
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Apr 4th, 2015
Published by Jeremy Hyndman at Apr 4th, 2015
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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 […]
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