The Financial Industry Regulatory Authority (FINRA) was created by law to regulate financial advisors in the U.S. and provide rules of conduct to define ethical[...]
FINRA
Allegations of laddered Call Options Strategy on Apple Stock A dispute was first reported in December 2020 as: Allegations: The customer alleged an unsuitable laddered call[...]
Brian Lawrence Stephan (CRD#: 4222796) is a registered broker based in Xenia, Ohio. Since December of 2017, Mr. Stephan has been employed at American Wealth[...]
Lloyd Thomas Layton (CRD#: 1618414) is a registered broker and investment advisor. Since 2015, Mr. Layton has been employed at Wells Fargo Clearing Services in[...]
In July, Edward Jones (CRD#: 250), a large brokerage firm based in St. Louis, MO, fired two of its brokers following allegations of elder financial[...]
Recently, two former UBS Financial Services brokers, Alex Herrera (CRD#: 3204779) and John Maccoll (CRD#: 839441), have been barred by FINRA. Mr. Herrera, who worked[...]
Patrick Jermaine Phillips (CRD#: 4315963) was previously registered as a broker and investment advisor. In 2016, Mr. Phillips was employed at MSI Financial Services in[...]
John Schmidt (CRD#: 708094) is a previously registered broker and investment advisor. From 2006 to 2017, Mr. Schmidt was employed at Wells Fargo Advisors Financial[...]
Jerry Raines (CRD#: 4578689) was previously registered as a FINRA broker. From August of 2014 to May of 2017, Mr. Raines was employed as a[...]
On July 19th, a FINRA arbitration panel in Portland, Oregon awarded Sammy Kaye Duncan and his partner Sylvia Duncan $8.7 million in compensation (Case Number:[...]