Common Misconduct

May 5th, 2015

Worcester Financial Advisor Fined for Hiding Outside Business Venture from Employer

Perry Stephen Abbonizio of Worcester, Pennsylvania was fined and suspended for participating in outside business activities, and persuading his customers to invest, without providing notice to […]
Apr 29th, 2015

Financial Advisor In Arbuckle Gives Investors Bad Advice, Costing Them $50,000

Dalas Gundersen, a financial advisor formerly with Edward Jones, has been fined and terminated for making a detrimental recommendation to customers. After following Gundersen’s advice, customers […]
Apr 28th, 2015

Financial Advisor In Santa Barbara Falsifies Investors’ Signatures

Gregory Bolduc (“Bolduc”), a financial advisor formerly with UnionBanc Investment Services, has been fined and suspended for falsifying investor signatures. Bolduc photocopied the original signatures, and […]
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 23rd, 2015

Little Rock Broker-Dealer Sells Bonds with Outrageous Markups

R.M. Duncan Securities, Inc. (“DCAN” or the “Firm”) of Little Rock, Arkansas allegedly charged excessive markups on defaulted municipal bonds, generating additional income for the Firm […]
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 20th, 2015

J.W. Korth & Company’s Excessive Bond Markups Reduce Investor Returns

J.W. Korth & Company, Inc. (“J.W. Korth” or the “Firm”) of Lansing, Michigan allegedly charged excessive markups on municipal bond transactions, generating additional revenue for the […]
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 […]