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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 […]

May 18th, 2015

Published by Jeremy Hyndman at May 18th, 2015

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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 11th, 2015

Published by Jeremy Hyndman at May 11th, 2015

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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 […]

Apr 27th, 2015

Published by Jeremy Hyndman at Apr 27th, 2015

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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 […]

Nov 2nd, 2014

Published by Jeremy Hyndman at Nov 2nd, 2014

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Western International Securities Fails to Supervise Broker who Allegedly Ran ForEx Scam

Poor supervision at Western International Securities (“Western International”) may have helped one of its brokers run a ForEx scam undetected. Jason Bo-Alan Beckman, a Western International […]

Oct 31st, 2014

Published by Jeremy Hyndman at Oct 31st, 2014

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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 […]