Securities and Investment Fraud Lawyers, Attorneys, Law Firm

Quattalaro, Michael

sub: Broker churned and engaged in excessively unsuitable trading in two customer accounts and exercised discretion in those accounts without prior written customer authority.

Posted: July 13th, 2010

Menendez, Jr., Dale R.

sub: Broker engaged in excessive and unauthorized trading, mischaracterized customer transactions to his firm and failed to appear for testimony during the FINRA investigation of his conduct.

Posted: July 13th, 2010

Bellia, Jr., Robert A.

sub: Broker failed to supervise three Westpark brokers who churned and executed unsuitable and unauthorized trades in at least 12 customer accounts.

Posted: July 13th, 2010

Stern, Jason S.

sub: Broker failed to supervise other brokers churned customer accounts and engaged in unauthorized and unsuitable trading in multiple accounts.

Posted: July 13th, 2010

Morgan, William A.

sub: Broker failed to supervise other brokers churned customer accounts and engaged in unauthorized and unsuitable trading in multiple accounts.

Posted: July 13th, 2010

Westpark Capital, Inc.

sub: Member firm supervisory system failed.

Posted: July 13th, 2010

Bretton, Tod

sub: Broker engaged in a fraudulent trading scheme that generated approximately $1.3 million in profits for him and his firm at the expense of customers by subjecting their orders to improper and undisclosed additional charges.

Posted: July 13th, 2010

McGinn, Timothy M.

sub: Broker provided falsified documents to FINRA staff.

Posted: July 13th, 2010

Smith, David L.

sub: Broker sold income notes, which are securities, that were neither registered nor eligible for an exemption from registration.

Posted: July 13th, 2010

McGinn, Smith & Co., Inc.

sub: Member firm sold income notes, which are securities, that were neither registered nor eligible for an exemption from registration.

Posted: July 13th, 2010

Zachary, Tiffany Leigh

sub: Broker participated in a private securities transaction by introducing her member firm’s client to an issuer offering a line of credit promissory note through an entity, received a $50,000 commission for the transaction, and failed to provide her firm with prior notice of her participation in the transaction.

Posted: July 13th, 2010

Willard III, James Richard

sub: Broker made an unsuitable recommendation to a customer without having a reasonable basis for believing that the recommendation was suitable based on the customer’s age, investment objectives, risk tolerance, financial situation and needs.

Posted: July 13th, 2010

Suazo, Carlos

sub: Broker misused $12,000 that an individual gave him to purchase a variable annuity, never invested the funds and never returned the funds to the individual.

Posted: July 13th, 2010

Salerno, Louis

sub: Broker exercised discretion in a customer’s account without the customer’s written authorization and his member firm’s acceptance of the account as discretionary.

Posted: July 13th, 2010

Rogers, Ronald Douglas

sub: Broker made an unsuitable recommendation to customers to each purchase $1,000,000 variable life insurance policies, using $30,000 that they had intended to use as a down payment for a home.

Posted: July 13th, 2010

Ray, Gregory

sub: Broker misappropriated approximately $368,657 from customers by opening bank accounts, for which he was the signatory, in firm customers’ names.

Posted: July 13th, 2010

Polychronis, John Andrew

sub: Broker engaged in outside business activities without giving prompt written notice of those activities to his member firm.

Posted: July 13th, 2010

Perlman, Jerry

sub: Broker excessively traded the account in a manner that was inconsistent with the customer’s investment objectives, financial situation and needs, while exercising control over the trust account for the benefit of an elderly customer, and while acting with the requisite scienter.

Posted: July 13th, 2010

Page, Carl A.

sub: Broker participated in private securities transactions, without prior written notice to, and authorization from, his member firm.

Posted: July 13th, 2010

Opheim, James Harold

sub: Broker wrongfully converted funds totaling approximately $105,516.54 from customers, and attempted to wrongfully convert funds totaling approximately $60,000 from another customer.

Posted: July 13th, 2010

Olivo Jr., Victor Manuel

sub: Broker engaged in trading on customers’ behalf in his member firm’s suspense account without his member firm’s authorization.

Posted: July 13th, 2010

Nwaigwe, Linus Nkem

sub: Broker, while acting on his member firm’s behalf, failed to establish and enforce an adequate AML program, thereby failing to detect and investigate red flags of possible suspicious activity in firm accounts and failed to timely report such activity.

Posted: July 13th, 2010

Nelson, Max Sean

sub: Broker participated in private securities transactions involving the purchasing of commercial and residential rental properties, through investing and loaning of investors’ funds in companies he controlled without prior written notice to, or written approval from, his member firm.

Posted: July 13th, 2010

Montanez-Gonzalez, Juan Carlos

sub: Broker borrowed $335,000 from firm customers, in contravention of his firm’s written procedures, and then used the money to pay back another customer and to cover losses in other customers’ accounts.

Posted: July 13th, 2010

McMahon-Hill, Colleen Marie

sub: Broker applied by telephone for bank-issued credit cards in the names of bank customers, without the customers’ authorization or consent, and used the cards to make unauthorized transactions totaling approximately $5,642.97.

Posted: July 13th, 2010

McKelvain, James Carter

sub: Broker engaged in private securities transactions without providing prior written notice to, and receiving prior written approval from, his member firm.

Posted: July 13th, 2010

McEwen, Mark

sub: Broker converted $32,528.56 from a customer by falsely informing her that a check broker’s member firm sent to her pursuant to a consent order with the Missouri Securities Division for unsuitable variable annuity sales to the elderly was sent to her by mistake and actually represented commissions the firm owed him.

Posted: July 13th, 2010

Maser, Michael Patrick

sub: Broker liquidated funds in the customers’ securities accounts with the customers’ understanding that he would use the funds to purchase fixed annuities on their behalf.

Posted: July 13th, 2010

Lawrence, Conrad Michael

sub: Broker negligently misrepresented to the customer that he would receive a tax deduction in connection with the sale of an installment plan contract offered by an alleged charitable organization issued to a customer.

Posted: July 13th, 2010

Hockensmith Jr., Robert Franklin

sub: Broker participated in transactions involving investment in a purported foreign currency exchange trading program and did not seek his member firm’s written authorization to participate, and the firm was unaware of and did not authorize his participation.

Posted: July 13th, 2010

Harwell, Scott Anthony

sub: Broker engaged in private securities transactions without prior written notice to, or prior written approval from, his member firm.

Posted: July 13th, 2010

Halliburton, Ellis Gerald

sub: Broker participated in a private securities transaction, which consisted of his recommendation that a customer invest $10,000 in an entity, while failing to provide his member firm with prior notice of this transaction.

Posted: July 13th, 2010

Ferrara, Remigio Paul

sub: Broker facilitated an investment by his member firm’s customers in the form of a promissory note and did not provide written notice to, or obtain approval from, his firm prior to facilitating the investment.

Posted: July 13th, 2010

Ellis, Walter Allen

sub: Broker engaged in outside business activities without providing prompt written notice to his member firm.

Posted: July 13th, 2010

Durand Jr., Guy Christian

sub: Broker effected private securities transactions away from his member firm by soliciting firm customers to purchase securities in a private placement.

Posted: July 13th, 2010

De Sade, Danial

sub: Broker failed to provide timely testimony as FINRA requested and provided false, misleading and incomplete information to FINRA in response to written requests for information.

Posted: July 13th, 2010

Derieg, Donald Edwin

sub: Broker, although prohibited by member firm from accepting fiduciary appointments, served as an elderly customer’s attorney-in-fact pursuant to a power of attorney designation, and became a co-successor trustee and a beneficiary of the customer’s living trust.

Posted: July 13th, 2010

Cheeseman, Jennifer Evelyn

sub: Broker altered term life insurance policies in order to falsely represent that a husband and wife applying for insurance had life insurance coverage as set forth in the invalid policy contracts.

Posted: July 13th, 2010

Casuccio, Shawn Patrick

sub: Broker made material misrepresentations to induce customers to invest approximately $723,000 in fictitious investments.

Posted: July 13th, 2010

Card, Lawrence Bruce

sub: Broker falsely completed his member firm’s annual compliance checklist certification and willfully failed to disclose material information on his Form U4.

Posted: July 13th, 2010

Budvitis, Bryan David

sub: Broker misappropriated a total of $26,500 from a customer’s account by completing Client Verbal Instructions Forms requesting that a check be issued to his family member, and funds transferred from the customer’s account to his family member’s account without the customer’s permission or authority.

Posted: July 13th, 2010

Boyer, John Roy

sub: Broker engaged in outside business activities by participating in the sale of equity-indexed annuities while registered with his member firm, and received approximately $7,622.25 in commissions as a result of the sales.

Posted: July 13th, 2010

Barrett, Joel

sub: Broker, without a bank customer’s knowledge or authorization, signed the customer’s name on a check withdrawal form requesting a $25,000 check from the customer’s account made payable to the broker’s friend, and the funds were later deposited into the friend’s checking account.

Posted: July 13th, 2010

Hirsch, Shaye

sub: Broker failed to implement policies and procedures that could be reasonably expected to detect and cause the reporting of suspicious activities and transactions required under 31 U.S.C. 5318(g) and implementing regulations thereunder.

Posted: July 13th, 2010

Greenberg, Stephen Joshua

sub: Broker failed to implement policies and procedures that could be reasonably expected to detect and cause the reporting of suspicious activities and transactions required under 31 U.S.C. 5318(g) and implementing regulations thereunder.

Posted: July 13th, 2010

Pond Equities

sub: Firm, acting through its Anti-Money Laundering Compliance Officers (AMLCOs), failed to implement policies and procedures that could be reasonably expected to detect and cause the reporting of suspicious activities and transactions required under 31 U.S.C. 5318(g) and implementing regulations thereunder.

Posted: July 13th, 2010

Breard, Rhonda Lee

sub: Broker defrauded at least 38 clients of at least $8 million through a scheme that involved converting client funds to her personal use while sending falsified account statements to her customers.

Posted: June 25th, 2010

Wisdom III, James Cordell

sub: Broker executed an unauthorized sale of shares of a mutual fund in a customer’s account without the customer’s knowledge or authorization.

Posted: June 25th, 2010

Walsh, Daniel

sub: Broker took an online state continuing education (CE) examination for financial advisors working for another FINRA member firm.

Posted: June 25th, 2010

Tiongson, Maria-Ysabelle Marinas

sub: Broker misappropriated $4,000 from an individual, who gave her the funds to trade in a commodities futures trading account that she held away from, and was approved by, her member firm which she had subsequently closed.

Posted: June 25th, 2010