Common Misconduct

Jun 3rd, 2015
Published by Jeremy Hyndman at Jun 3rd, 2015
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Gray Financial Group Defrauds Police And Firefighter Pension Funds

The Securities and Exchange Commission (“SEC”) has charged Gray Financial Group, as well as its president, Laurence Gray (“Gray”), and co-CEO, Robert Hubbard (“Hubbard”), with fraud. […]
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Jun 1st, 2015
Published by Jeremy Hyndman at Jun 1st, 2015
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Los Angeles Financial Advisor Makes Excessive Commissions With Unauthorized Trades

Armen Bahadourian, formerly registered with UnionBanc, has been fined $10,000 for violating FINRA rules, and must pay back $6,880.75 in disgorgement of wrongly earned commissions. Bahadourian […]
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May 29th, 2015
Published by Jeremy Hyndman at May 29th, 2015
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People’s Securities Inc. Financial Advisor Steals $17,400 From Client

Tricia Denise Willis (“Willis”) in Vernon, Connecticut has been banned from the securities industry for committing fraud and conversion. She forged a customer’s signature to withdraw […]
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May 28th, 2015
Published by Jeremy Hyndman at May 28th, 2015
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Financial Advisor With City Securities Corporation Makes Unauthorized Transactions In Customer Accounts

Leonard E. Tanner (“Tanner”) in Indianapolis, Indiana has been fined $15,000 and suspended from the securities industry for making unauthorized transactions in customer accounts. Tanner made […]
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May 27th, 2015
Published by Jeremy Hyndman at May 27th, 2015
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Houston Broker-Dealer Sells Foreign Bonds with Shockingly High Markups

FINRA issued Monex Securities, Inc. (Monex or the Firm), a broker-dealer in Houston, Texas, a hefty fine for charging excessive markups on foreign bonds, generating additional […]
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May 26th, 2015
Published by Jeremy Hyndman at May 26th, 2015
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Chase Financial Advisor Steals $24,014 From Investor

Louis James Deeley (“Deeley”) in Santa Rosa, California has been banned from the securities industry for stealing $24,014 from an investor. Deeley forged the customer’s signature […]
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May 22nd, 2015
Published by Jeremy Hyndman at May 22nd, 2015
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Brokerage Firm In Orange, California Fined $190,000 For Selling Overpriced Bonds

B.B. Graham & Company, Inc. has been fined $190,000 after it sold corporate bonds to customers at an unfair price. The company neglected to consider relevant […]
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May 22nd, 2015
Published by Jeremy Hyndman at May 22nd, 2015
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Ameriprise Financial Advisor Suspended for Hiding Competing Outside Business Venture from Employer

Sean Eric Mattson of South Lyon, Michigan was suspended for one month for failing to disclose his outside business activity of financial planning services to his […]
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May 21st, 2015
Published by Jeremy Hyndman at May 21st, 2015
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Million Dollar Ponzi Scheme Flourishes as Investment Firm Fails to Supervise Financial Advisor

FINRA fined and barred Terry Joe Bagwell of Pruco Securities, LLC (Pruco or the “Firm”) in Hoover, Alabama from the securities industry for participating in a […]
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May 21st, 2015
Published by Jeremy Hyndman at May 21st, 2015
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Charles Schwab Investment Advisor Suspended for Stealing Confidential Customer Information

Sadeer Thomas Jamil of Commerce, Michigan, was suspended from the securities industry. He took over 150 pictures of his customer’s “nonpublic personal information,” and moved the […]
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