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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 […]
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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 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 […]
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May 5th, 2015
Published by Jeremy Hyndman at May 5th, 2015
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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 […]
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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 29th, 2015
Published by Jeremy Hyndman at Apr 29th, 2015
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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 […]
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Apr 28th, 2015
Published by Jeremy Hyndman at Apr 28th, 2015
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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 […]
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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 […]
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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 20th, 2015
Published by Jeremy Hyndman at Apr 20th, 2015
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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 […]
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