FINRA’s BrokerCheck record for Ernest Julius Romer III shows allegations that he persuaded customers to transfer money from brokerage accounts to entities he controlled, falsely told them the funds would be invested for their benefit, and instead used the money for his own purposes. FINRA’s record states that the conduct involved roughly $2.7 million in [...]
FINRA’s public records show that Worden Capital Management LLC has been the subject of customer arbitration activity involving allegations such as churning, fraud, misrepresentation, suitability, unauthorized trading, and failure to supervise. FINRA’s BrokerCheck report for the firm reflects a customer arbitration in which the allegations included breach of fiduciary duty, churning, fraud, manipulation, omission of [...]
Private placements and alternative investments carry immense risk, which is why regulatory agencies mandate strict due diligence before a brokerage firm can offer them to retail investors. FINRA recently censured and fined World Choice Securities (WCS) $28,000 for allegedly failing to reasonably supervise the due diligence of a private real estate offering. In a related [...]
Wall Street regulators have launched a massive crackdown on “off-channel communications,” and individual brokers are now facing severe, personal penalties for taking client conversations off the grid. The Financial Industry Regulatory Authority (FINRA) issued a sweeping 15-month suspension and a $15,000 fine to former Edward D. Jones & Co. broker Delaina Kucish after she used [...]
Transparency is the foundation of the broker-client relationship. Investors rely on FINRA’s BrokerCheck system to vet their financial advisors, but that system only works if brokers report their criminal and regulatory histories honestly. FINRA recently suspended California broker Jing Li for three months and flagged her for statutory disqualification after she allegedly hid serious felony [...]
Security protocols exist at financial institutions to protect client assets from unauthorized access, wire fraud, and identity theft. FINRA recently took strict disciplinary action against Omaha, Nebraska-based broker Curtis Wayne Smith after he allegedly bypassed these protocols by explicitly impersonating a client. www.finra.org/rules-guidance/oversight-enforcement/disciplinary-actions The Allegations According to a Letter of Acceptance, Waiver, and Consent (AWC), FINRA [...]
Private placements and alternative investments carry immense risk, which is why regulatory agencies mandate strict due diligence before a brokerage firm can offer them to retail investors. FINRA recently censured and fined World Choice Securities (WCS) $28,000 for allegedly failing to reasonably supervise the due diligence of a private real estate offering. In a related [...]
The Financial Industry Regulatory Authority (FINRA) has penalized Southern California-based broker-dealer Centaurus Financial Inc. $1.1 million for widespread supervisory failures related to variable annuity sales. As part of the settlement, Centaurus agreed to pay a $475,000 fine and $634,000 in restitution to affected customers without admitting or denying the findings. Alongside the firm’s penalty, FINRA [...]
Integrity in personal financial dealings is a core requirement for licensed financial professionals. Broker Andrew Stephen Mogol of Baltimore, Maryland, learned this the hard way when FINRA suspended him for six months and fined him $5,000 for exploiting banking transfer rules. www.finra.org/rules-guidance/oversight-enforcement/disciplinary-actions The Allegations According to a Letter of Acceptance, Waiver, and Consent (AWC), Mogol initiated [...]
Investor recovery and securities fraud attorneys representing investors nationwide.
Speak With an Investor Rights Attorney – 1.844.689.5754
© 2012 - 2026 Sonn Law Group • Investor Intelligence • Securities Fraud • FINRA Arbitration • All Rights Reserved
