Common Misconduct

May 21st, 2015

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 […]
May 21st, 2015

Midlothian, Texas Financial Advisor Discloses Confidential Investor Information

Raymond Leslie Boykin (Boykin or the “Firm”), a financial advisor formerly with AAEC Equities Corporation (“AAEC”), has been reported to FINRA for taking confidential customer information […]
May 20th, 2015

Morgan Stanley Financial Advisor Steals $20,000 From Investor

Patrick James Manriquez (“Manriquez”) from Beaumont, Texas has been banned from the securities industry for stealing $20,000 from an investor. He deceived the investor by making […]
May 20th, 2015

Gilbert Investment Advisor Suspended for Withholding Outside Business Activities from Employer

James A. Rosebrough Jr. of Gilbert, Arizona was fined and suspended for 30 days after participating in outside business ventures with a client, and withholding the […]
May 19th, 2015

Wells Fargo Financial Advisor Recommends Customers Make Risky $2,000,000 Investment To Get Large Commissions

Douglas Jay Melzer (“Melzer”) in Mars, Pennsylvania has been barred from the securities industry for making biased recommendations to customers to invest in private securities. Melzer […]
May 18th, 2015

OneAmerica Is Fined $75,000 For Not Stopping Financial Advisor From Ripping Off Investors

OneAmerica Securities, Inc. (“OneAmerica”), located in Indianapolis, Indiana, has been fined $75,000 for failing to detect unauthorized transfers of funds as well as unsuitable recommendations made […]
May 14th, 2015

Irvine Stockbroker Suspended for Failing to Disclose Almost $500,000 in Unsatisfied Tax Liens

Andrew Henry Conley, a stockbroker with B.B. Graham & Company, Inc. in Riverside, California, was suspended for failing to timely update his Form U4 to disclose […]
May 12th, 2015

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 […]
May 11th, 2015

Irvine Firm, Ascendiant Capital Markets, Ignores Customer Complaint And Misrepresents Quality Of Its Financial Advisors

Ascendiant Capital Markets, LLC (“Ascendant”) has been reported to FINRA for allegedly not reporting a customer complaint against one of its financial advisors on time. The […]
May 5th, 2015

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 […]