As discussed here, Joshua Gould was accused by one of his customers of having stolen $700,000 from the customer's Woodbury Financial Services brokerage account during Gould's employment at the firm. Regulatory documents indicated that Gould admitted ...
On Monday, FINRA announced the launch of a new public-access disciplinary actions database that is available for free on the organization's website. According to the announcement, the new FINRA Disciplinary Actions Online Database allows users to ...
The SEC filed an enforcement order against Donald L. Koch and Koch Asset Management LLC (KAM) on April 25 for an alleged "mark-the-close" investment scheme, which the SEC says constituted a breach of fiduciary duty. According to the SEC, St. Lou ...
Last week, 16 investors filed a lawsuit against Stephen D. Pizzuti and Merrimac Corporate Securities, Inc. that alleged gross negligence on the part of Pizzuti and Merrimac in relation to a $4.1 million investment scheme allegedly perpetrated by Pizz ...
Sean Mansfield, a West Springfield financial adviser, pled guilty this week to 17 counts of wire fraud, two counts of embezzlement, and two counts of money laundering for stealing $3 million from his clients ("West Springfield financial adviser Sean ...
Victoria McGee-Harris, a securities broker from St. Louis, pled guilty to fraud charges on Thursday in a $6 million investment fraud case ("St. Louis broker admits $6 million investment scam, feds say," St. Louis Post-Dispatch, March 24, 2011). Accor ...
Eureka, California, stockbroker Timothy D. Cochrane was terminated by his employer, Summit Brokerage Services, Inc. on March 10, 2011. According to documents filed with the securities regulators, the firm is investigating allegations that Mr. Cochran ...
If it seems like FINRA has been filing more enforcement actions over the past twelve months or so, it’s because it has. According to a study released Monday, the self-regulatory organization filed 152 more disciplinary actions in 2010 than in 2009 ...
An easy way to protect yourself in the case of broker fraud and broker bankruptcy is to verify that your brokerage firm is a member of the Securities Investor Protection Corp. (SIPC) and that all the stocks and securities you purchase are registered ...
Randell E. Morrison of Fort Wayne has been charged with seven counts of securities fraud and one count of corrupt business influence for his alleged role in cheating investors out of $800,000 between 2005 and mid-2010, according to a September 16 The ...
Meyer Wilson has launched an investigation into an alleged $900 million Ponzi scheme operated by Nevin Shapiro through his company Capitol Investments USA, Inc. ("Capitol"). According to the complaint filed by the United States Securities and Excha ...
