Tag: registered representative
Former LPL Rep Receives Final Judgement for Client Theft
The United States District Court for the District of Connecticut entered a final judgment against Matthew O. Clason on November 8, 2022, in a...
Cove Capital Names Vice President and Head of Wholesale Distribution
Cove Capital Investments, LLC, a sponsor of securitized 1031 exchanges and other private real estate investment offerings, has appointed Corey Nolen as vice president...
Charges Added Against Former LPL Rep Accused of Stealing $1.4 Million...
A former LPL financial advisor faces up to 37 years in prison after being charged in a superseding indictment with defrauding his elderly clients...
Former Merrill Lynch Broker Sentenced to Seven Years for Defrauding Investors
Phillip Conley, a former registered representative, has been sentenced to 87 months in prison for defrauding West Virginia churches, pastors, and others out of...
FINRA Bars Broker Accused of Stealing from Elderly Client
The Financial Industry Regulatory Authority has barred former NYLife Securities broker, Jeffrey Scott Anderson, who was accused of stealing approximately $26,600 from an elderly...
FINRA Bars Former Wells Fargo Rep Accused of Transferring Client Funds...
The Financial Industry Regulatory Authority has barred former Well Fargo advisor, Tyler Michael Rigsbee, who was reportedly fired after the firm found that client...
FINRA Bars Longtime Broker for Failing to Cooperate with Investigation
The Financial Industry Regulatory Authority has barred Nathan Gersteen Katz, a longtime broker who entered the industry in 1977, for failing to cooperate with...
Former LPL Broker Arrested and Charged with Defrauding Elderly Clients
A veteran financial advisor was arrested and charged with defrauding elderly clients and stealing retirement assets, according to a joint statement released by Nathaniel...
Former Cetera Broker Sentenced to Federal Prison for Fraud
A former Cetera Advisor Networks broker who defrauded clients out of more than $1 million has been sentenced to five years in federal prison...
Former Lincoln/LPL Rep Admits to Stealing More Than $600,000 from Elderly...
Mathew Clason, a former investment advisor and registered representative previously affiliated with Lincoln Financial and LPL Financial during his career, pled guilty earlier this...
FINRA Bars Former LPL Broker
The Financial Industry Regulatory Authority has barred former LPL Financial broker, John E. Simmons Jr., for failing to provide information and documents to the...
FINRA Fines and Suspends Former LPL Broker for Borrowing Money from...
The Financial Industry Regulatory Authority has suspended former LPL Financial broker, Elias Moses Hakimian, for three months for reportedly borrowing $120,000 from a firm...
FINRA Fines Securities America for Violating Customer Privacy
The Financial Industry Regulatory Authority has fined Securities America $125,000 for purportedly helping 12 recruited brokers take nonpublic personal customer information from their former...
Kestra Financial Names Former eMoney Exec as President
Kestra Financial Inc., a wealth management platform for independent financial professionals, has hired Stephen Langlois as president to oversee the Kestra-branded broker-dealer and registered...
FINRA Fines Kestra for Violating Customer Privacy
The Financial Industry Regulatory Authority has censured and fined Kestra Investment Services $125,000 for purportedly helping certain recruited brokers take nonpublic personal customer information...
SEC Charges Former Merrill Lynch Registered Representative with Defrauding Investors
The Securities and Exchange Commission has charged Phillip Conley, a West Virginia-based former registered representative, with conducting fraudulent securities offerings in which he raised...
FINRA Bars Former Merrill Lynch Broker Allegedly Faking Childcare Reimbursement Requests
The Financial Industry Regulatory Authority has barred former Merrill Lynch broker Elizabeth Marie Garcia for allegedly filing fake childcare expense reimbursement requests.
From January 2016...
FINRA Bars Former Fidelity Rep for Alleged Computer Purchase Reimbursement Scam
The Financial Industry Regulatory Authority has barred Kitwana Thomas, a former Fidelity Brokerage Services broker, for allegedly cheating the firm out of thousands of...
SEC Charges Former Next Financial Adviser with $3.9 Million Fraud
The Securities and Exchange Commission has charged a former Next Financial registered representative and investment adviser in Altoona, Pennsylvania, with operating a long-running offering...
SEC Charges Ex-Wells Fargo Advisor for Stealing $1 Million From Elderly...
The Securities and Exchange Commission has charged a former Wells Fargo Advisors Financial Network registered representative with defrauding his retail brokerage customers out of...
