The Financial Industry Regulatory Authority (FINRA) announced that it has fined Morgan Stanley & Co. $3 million–and ordered it to pay more than $4.2 million in restitution to 90 Rochester, NY-area retirees–to resolve charges that its supervisory system failed to detect and prevent brokers from persuading Eastman Kodak Company and Xerox Corporation employees to take [...]

The Financial Industry Regulatory Authority (FINRA) announced that it has fined Morgan Stanley & Co. $3 million–and ordered it to pay more than $4.2 million in restitution to 90 Rochester, NY-area retirees–to resolve charges that its supervisory system failed to detect and prevent brokers from persuading Eastman Kodak Company and Xerox Corporation employees to take [...]

The Financial Industry Regulatory Authority (FINRA) announced that it has fined Morgan Stanley & Co. $3 million–and ordered it to pay more than $4.2 million in restitution to 90 Rochester, NY-area retirees–to resolve charges that its supervisory system failed to detect and prevent brokers from persuading Eastman Kodak Company and Xerox Corporation employees to take [...]

The Financial Industry Regulatory Authority (FINRA) announced that it has fined First New York Securities L.L.C. $170,000 for improperly covering short positions with secondary offering shares and related oversight failures. The firm was also ordered to disgorge more than $171,000 in trading profits earned from the prohibited conduct. Four of the firm’s former traders who [...]

The Financial Industry Regulatory Authority (FINRA) announced that it has fined First New York Securities L.L.C. $170,000 for improperly covering short positions with secondary offering shares and related oversight failures. The firm was also ordered to disgorge more than $171,000 in trading profits earned from the prohibited conduct. Four of the firm’s former traders who [...]

The Financial Industry Regulatory Authority (FINRA) announced that it has fined First New York Securities L.L.C. $170,000 for improperly covering short positions with secondary offering shares and related oversight failures. The firm was also ordered to disgorge more than $171,000 in trading profits earned from the prohibited conduct. Four of the firm’s former traders who [...]

The Financial Industry Regulatory Authority (FINRA) announced that it has fined First New York Securities L.L.C. $170,000 for improperly covering short positions with secondary offering shares and related oversight failures. The firm was also ordered to disgorge more than $171,000 in trading profits earned from the prohibited conduct. Four of the firm’s former traders who [...]

The Financial Industry Regulatory Authority (FINRA) announced that it has fined First New York Securities L.L.C. $170,000 for improperly covering short positions with secondary offering shares and related oversight failures. The firm was also ordered to disgorge more than $171,000 in trading profits earned from the prohibited conduct. Four of the firm’s former traders who [...]

The Financial Industry Regulatory Authority (FINRA) has barred broker William Joseph Boyle from the securities industry for wrongfully converting and using funds from customer accounts and for failing to cooperate with FINRA investigators. Boyle’s misconduct occurred both while he was working for Legg Mason Wood Walker, which was acquired by Citigroup in 2006, and at [...]

Robert Eugene Strong (CRD # 3079588, Registered Principal, New York, New York) was fined $10,000. The SEC imposed the sanction following appeal of a NAC decision. The sanction was based on findings that Strong failed to supervise a research analyst who sold securities in his personal trading account contrary to the recommendations contained in various [...]

John Patrick Walsh (CRD # 1993952, Registered Principal, Yonkers, New York) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Walsh consented to the described sanction and to the entry of findings that he misappropriated stock [...]

Robert Kyle Stewart (CRD # 2102132, Registered Representative, Mountain Home, Arkansas) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Stewart consented to the described sanction and to the entry of findings that he accepted $445,914.13 [...]

David Steven Stahl (CRD # 834163, Registered Representative, Fairlawn, New Jersey) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $10,000 and suspended from association with any FINRA member in any capacity for 10 business days. The fine must be paid pursuant to an installment plan either immediately upon Stahl’s reassociation [...]

Jeff Ross Spencer (CRD # 5066973, Registered Representative, Hickory, North Carolina) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Spencer falsified a customer’s signature on documents submitted to his member firm to open multiple accounts for the customer, and failed to respond to FINRA requests [...]

Raghavan Sathianathan (CRD # 1743692, Registered Representative, Montclair, New Jersey) was barred from association with any FINRA member in any capacity. The U.S. Court of Appeals denied Sathianathan’s petition for review.The SEC sustained the sanctions the NAC imposed following appeal of an OHO decision. The sanctions were based on findings that Sathianathan recommended and effected [...]

Michael Dean Reysack (CRD # 4276593, Registered Representative, Ankeny, Iowa) submitted a Letter of Acceptance, Waiver, and Consent in which he was fined $10,000 and suspended from association with any FINRA member in any capacity for six months. The fine must be paid either immediately upon Reysack’s reassociation with a FINRA member firm following his [...]

Mark Steven Ramos (CRD # 1399655, Registered Principal, Orland Park, Illinois) submitted an Offer of Settlement in which he was fined $5,000, barred from association with any FINRA member in any principal capacity and suspended from association with any FINRA member in any capacity for one year. The fine must be paid either immediately upon [...]

Shon Charles Prejean (CRD # 2768150, Registered Principal, Houston,Texas) submitted an Offer of Settlement in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the allegations, Prejean consented to the described sanction and to the entry of findings that he failed to respond to FINRA requests for [...]

Joseph Aloyisius Pramer III (CRD # 1079663, Registered Representative, Norwalk, Connecticut) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $5,000 and suspended from association with any FINRA member in any capacity for 30 business days. Without admitting or denying the findings, Pramer consented to the described sanctions and to the [...]

Monty Chad Patton (CRD # 2372126, Registered Representative, Oklahoma City, Oklahoma) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $5,000 and suspended from association with any FINRA member in any capacity for 18 months. The fine must be paid either immediately upon Patton’s reassociation with a FINRA member firm following [...]

Richard Vincent Patrick (CRD # 2202549, Registered Principal, Little Silver, New Jersey) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Patrick consented to the described sanction and to the entry of findings that he engaged [...]

Raymond Lee Noragon (CRD # 4499699, Registered Principal, Alpharetta, Georgia) submitted an Offer of Settlement in which he was fined $25,000 and suspended from association with any FINRA member in any principal capacity for six months. Without admitting or denying the allegations, Noragon consented to the described sanctions and to the entry of findings that [...]

Charles James Moni (CRD # 822557, Registered Representative, Princeton, New Jersey) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $10,000 and suspended from association with any FINRA member in any capacity for three months. The fine must be paid either immediately upon Moni’s reassociation with a FINRA member firm following [...]

Robert Brian Meadows (CRD # 1780941, Registered Representative, Playa Del Rey, California) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $7,500 and suspended from association with any FINRA member in any capacity for 90 days. The fine must be paid either immediately upon Meadow’s reassociation with a FINRA member firm [...]

Frederick Lee Mathis (CRD # 4831306, Registered Representative, Marietta, Georgia) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Mathis used his manager’s user identification and password to make unauthorized credits to his brokerage account at his member firm and to his bank account at his [...]

Matthew T. McKinney (CRD # 4516034, Registered Representative, Issaquah, Washington) submitted an Offer of Settlement in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the allegations, McKinney consented to the described sanction and to the entry of findings that he was assigned a corporate credit card [...]

Laurence J. McKeever (CRD # 4172869, Registered Principal, Pearl River, New York) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, McKeever consented to the described sanction and to the entry of findings that he failed [...]

James Russell McCarthy Jr. (CRD # 1123445, Registered Principal, Southborough, Massachusetts) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $20,000 and suspended from association with any FINRA member in any principal capacity for two months. The fine must be paid pursuant to an installment payment plan either immediately upon McCarthy’s [...]

Kevin J. MacDonald (CRD # 5357796, Registered Representative, Brookline, Massachusetts) was barred from association with any FINRA member in any capacity. The sanction was based on findings that MacDonald willfully failed to disclose material information on his Form U4 and failed to respond to FINRA requests for information.

Nathan James Lorne (CRD # 3277561, Registered Representative, Denver, Colorado) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Lorne made unauthorized withdrawals totaling approximately $12,101 from an organization for which he was treasurer, and hid the withdrawals from the organization’s officers and submitted false financial [...]

Alexis Lesko (CRD # 4731218, Registered Representative, Frackville, Pennsylvania) submitted a Letter of Acceptance, Waiver and Consent in which she was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Lesko consented to the described sanction and to the entry of findings that she misappropriated $24,520 from customers’ [...]

Bennett Joseph Lacour III (CRD # 603964, Registered Representative, Ormond Beach, Florida) was barred from association with any FINRA member in any capacity and ordered to pay $4,400, plus interest, in restitution to a customer. The sanctions were based on findings that Lacour borrowed $5,000 from a customer contrary to his firm’s written supervisory procedures [...]

Derek Jon Kuklenski (CRD # 5475749, Registered Representative, Orlando, Florida) submitted a Letter of Acceptance, Waiver and Consent in which he was censured and barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Kuklenski consented to the described sanctions and to the entry of findings that he misappropriated [...]

Jill A. Kleinerman (CRD # 2233277, Registered Representative, Lewis Center, Ohio) submitted a Letter of Acceptance, Waiver and Consent in which she was fined $2,500 and suspended from association with any FINRA member in any capacity for 30 days. In light of Kleinerman’s financial status, the imposed fine was $2,500. Without admitting or denying the [...]

Corbin Taylor Jones (CRD # 4468964, Registered Representative, Cave Creek, Arizona) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Jones failed to respond to FINRA requests for information and to appear for on-the-record interviews. The findings stated that Jones participated in a private securities transaction [...]

Kurt H. Johansson (CRD # 708249, Registered Principal, Idaho Falls, Idaho) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Johansson failed to respond completely to FINRA requests for information and documents and failed to appear for a FINRA on-the-record interview.

Patrick James Jensen (CRD # 1952963, Registered Representative, Spring Lake, Michigan) submitted a Letter of Acceptance, Waiver and Consent in which he was suspended from association with any FINRA member in any capacity for one year. In light of Jensen’s financial status, no monetary sanction was imposed. Without admitting or denying the findings, Jensen consented [...]

Edward James Jeffery (CRD # 2296293, Registered Principal, Portland, Oregon) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $10,000 and suspended from association with any FINRA member in any capacity for 30 business days. Without admitting or denying the findings, Jeffery consented to the described sanctions and to the entry [...]

Chuck Richard Hayworth (CRD # 2759746, Registered Representative, Wake Forest, North Carolina) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Hayworth consented to the described sanction and to the entry of findings that he prepared [...]

Tonya Marie Griffin (CRD # 4568590, Registered Representative, Brodhead, Wisconsin) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Griffin failed to respond to FINRA requests for information.

Carol Ann Geske (CRD # 1353390, Registered Principal, Shelburne, Vermont) submitted a Letter of Acceptance, Waiver and Consent in which she was fined $5,000 and suspended from association with any FINRA member in any capacity for one month. Without admitting or denying the findings, Geske consented to the described sanctions and to the entry of [...]

John A. Gargiulo (CRD # 3174988, Registered Representative, Point Pleasant, New Jersey) was barred from association with any FINRA member in any capacity and ordered to pay $3,000, plus interest, in restitution. The sanctions were based on findings that Gargiulo failed to respond to FINRA requests for information and engaged in unauthorized transactions in a [...]

David Garcia (CRD # 4809280, Registered Representative, Bartlett, Illinois) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $5,000 and suspended from association with any FINRA member in any capacity for 30 business days. The fine must be paid either immediately upon Garcia’s reassociation with a FINRA member firm following his [...]

Alan Joseph Ganim (CRD # 1150852, Registered Representative, Chardon, Ohio) submitted a Letter of Acceptance, Waiver and Consent in which he was suspended from association with any FINRA member in any capacity for three months. In light of Ganim’s financial status, no monetary sanctions were imposed. Without admitting or denying the findings, Ganim consented to [...]

Peggy Lyn Fry (CRD # 1239569, Associated Person, Aurora, Colorado) submitted a Letter of Acceptance, Waiver and Consent in which she was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Fry consented to the described sanction and to the entry of findings that, while associated with a [...]

Miriam Therese Dever (CRD # 702034, Registered Representative, West Roxbury, Massachusetts) submitted a Letter of Acceptance, Waiver and Consent in which she was fined $5,000 and suspended from association with any FINRA member in any capacity for three months. Without admitting or denying the findings, Dever consented to the described sanctions and to the entry [...]

Michael Vincent Davies (CRD # 1889502, Registered Representative, Northville, Michigan) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $5,000 and suspended from association with any FINRA member in any capacity for six months. The fine must be paid either immediately upon Davies’ reassociation with a FINRA member firm following his [...]

Jason Adam Craig (CRD # 4016543, Associated Person, Washington Township, Michigan) was barred from association with any FINRA member in any capacity. The SEC imposed the sanction following appeal of a NAC decision. The sanction was based on findings that Craig willfully failed to disclose material information on his Form U4.

Robert A. Clipper (CRD # 5109047, Registered Representative, Bay City, Michigan) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Clipper received $5,000 from insurance customers to pay insurance premiums and made improper use of the funds to pay his insurance agency’s business expenses. The findings [...]

Young Jin Chun (CRD # 2785584, Registered Representative, Suffern, New York) submitted an Offer of Settlement in which she was fined $10,000 and suspended from association with any FINRA member in any capacity for one year. The fine must be paid either immediately upon Chun’s reassociation with a FINRA member firm following her suspension, or [...]