May 27th, 2015

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 […]
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 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 1st, 2015

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 […]