FINRA Orders Westpark Capital to Pay $400,000 for Failing to Supervise Brokers with Histories of Disciplinary Actions, Customer Complaints Who Churned Accounts, Engaged in Unauthorized and Unsuitable Trading
Chief Operations Officer, Former Chief Compliance Officer Also Named; Former Brokers Barred, Former Branch Manager Disciplined in Separate Actions
The Financial Industry Regulatory Authority (FINRA) announced that it has [...]

FINRA Orders Westpark Capital to Pay $400,000 for Failing to Supervise Brokers with Histories of Disciplinary Actions, Customer Complaints Who Churned Accounts, Engaged in Unauthorized and Unsuitable Trading
Chief Operations Officer, Former Chief Compliance Officer Also Named; Former Brokers Barred, Former Branch Manager Disciplined in Separate Actions
The Financial Industry Regulatory Authority (FINRA) announced that it has [...]

FINRA Orders Westpark Capital to Pay $400,000 for Failing to Supervise Brokers with Histories of Disciplinary Actions, Customer Complaints Who Churned Accounts, Engaged in Unauthorized and Unsuitable Trading
Chief Operations Officer, Former Chief Compliance Officer Also Named; Former Brokers Barred, Former Branch Manager Disciplined in Separate Actions
The Financial Industry Regulatory Authority (FINRA) announced that it has [...]

FINRA Orders Westpark Capital to Pay $400,000 for Failing to Supervise Brokers with Histories of Disciplinary Actions, Customer Complaints Who Churned Accounts, Engaged in Unauthorized and Unsuitable Trading
Chief Operations Officer, Former Chief Compliance Officer Also Named; Former Brokers Barred, Former Branch Manager Disciplined in Separate Actions
The Financial Industry Regulatory Authority (FINRA) announced that it has [...]

FINRA Orders Westpark Capital to Pay $400,000 for Failing to Supervise Brokers with Histories of Disciplinary Actions, Customer Complaints Who Churned Accounts, Engaged in Unauthorized and Unsuitable Trading
Chief Operations Officer, Former Chief Compliance Officer Also Named; Former Brokers Barred, Former Branch Manager Disciplined in Separate Actions
The Financial Industry Regulatory Authority (FINRA) announced that it has [...]

FINRA Orders Westpark Capital to Pay $400,000 for Failing to Supervise Brokers with Histories of Disciplinary Actions, Customer Complaints Who Churned Accounts, Engaged in Unauthorized and Unsuitable Trading
Chief Operations Officer, Former Chief Compliance Officer Also Named; Former Brokers Barred, Former Branch Manager Disciplined in Separate Actions
The Financial Industry Regulatory Authority (FINRA) announced that it has [...]

FINRA Bars Prestige Financial Head Trader/Compliance Officer Who Scammed Customers Through Fraudulent Trading Scheme
The Financial Industry Regulatory Authority (FINRA) announced that it has permanently barred Tod Bretton, former Chief Compliance Officer and Head Trader for Prestige Financial, Inc., of New York, for engaging in a fraudulent trading scheme that generated approximately $1.3 million in profits [...]

FINRA Charges McGinn, Smith & Co. and its President with Fraud in Sales of Unregistered Securities Firm, Two Co-Owners
Also Charged With Submitting Falsified Documents to Investors and to FINRA
The Financial Industry Regulatory Authority (FINRA) announced that it has filed a complaint against McGinn, Smith & Co., Inc., of Albany, NY, and its President and part [...]

FINRA Charges McGinn, Smith & Co. and its President with Fraud in Sales of Unregistered Securities Firm, Two Co-Owners
Also Charged With Submitting Falsified Documents to Investors and to FINRA
The Financial Industry Regulatory Authority (FINRA) announced that it has filed a complaint against McGinn, Smith & Co., Inc., of Albany, NY, and its President and part [...]

FINRA Charges McGinn, Smith & Co. and its President with Fraud in Sales of Unregistered Securities Firm, Two Co-Owners
Also Charged With Submitting Falsified Documents to Investors and to FINRA
The Financial Industry Regulatory Authority (FINRA) announced that it has filed a complaint against McGinn, Smith & Co., Inc., of Albany, NY, and its President and part [...]

Tiffany Leigh Zachary (CRD # 2924237, Registered Representative, The Woodlands, Texas) submitted a Letter of Acceptance, Waiver and Consent in which she 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 Zachary’s reassociation with a FINRA member firm following [...]

James Richard Willard III (CRD # 1212281, Registered Principal, Greene, New York) was fined $92,500 and suspended from association with any FINRA member in any capacity for two years. The fine is due and payable upon Willard’s return to the securities industry. The sanctions were based on findings that Willard made an unsuitable recommendation to [...]

Carlos Suazo (CRD # 5481182, Registered Representative, Marina Del Rey, California) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Suazo misused $12,000 that an individual gave him to purchase a variable annuity, but Suazo never invested the funds and never returned the funds to the [...]

Louis Salerno (CRD # 4704237, Registered Representative, Bayside, New York) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Salerno failed to appear to provide testimony at FINRA on-the-record interviews. The findings stated that Salerno exercised discretion in a customer’s account without the customer’s written authorization [...]

Ronald Douglas Rogers (CRD # 4398735, Registered Representative, Fairbank, Iowa) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $15,000, which includes disgorgement of commissions, and suspended from association with any FINRA member in any capacity for one month. The fine must be paid either immediately upon Rogers’ reassociation with a [...]

Gregory Ray (CRD # 4676237, Registered Representative, Mount Vernon, Missouri) 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, Ray consented to the described sanction and to the entry of findings that he misappropriated approximately $368,657 [...]

John Andrew Polychronis (CRD # 1018808, Registered Representative, Rochester, New Hampshire) 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 Polychronis’ reassociation with a FINRA member firm following [...]

Jerry Perlman (CRD # 360372, Registered Representative, Boca Raton, Florida) 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, Perlman consented to the described sanction and to the entry of findings that, while exercising control over [...]

Carl A. Page (CRD # 710908, Registered Representative, Bountiful, Utah) 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 Page’s reassociation with a FINRA member firm following his [...]

James Harold Opheim (CRD # 1698507, Registered Representative, Spencer, Iowa) 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, Opheim consented to the described sanction and to the entry of findings that he wrongfully converted funds [...]

Victor Manuel Olivo Jr. (CRD # 2159064, Registered Representative, Paramus, New Jersey) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Olivo engaged in trading on customers’ behalf in his member firm’s suspense account without his member firm’s authorization. The findings stated that Olivo did not [...]

Linus Nkem Nwaigwe (CRD # 2613032, Registered Principal, Valley Stream, New York) submitted an Offer of Settlement in which he was fined $20,000 and suspended from association with any FINRA member in any principal capacity for nine months. The fine must be paid either immediately upon Nwaigwe’s reassociation with a FINRA member firm following his [...]

Max Sean Nelson (CRD # 3049381, Registered Representative, Savannah, Missouri) 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 one year. In light of Nelson’s restitution being ordered pursuant to a 2009 agreement entered into with the Missouri [...]

Juan Carlos Montanez-Gonzalez (CRD # 1994470, Registered Representative, San Antonio, Puerto Rico) 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, Montanez-Gonzalez consented to the described sanction and to the entry of findings that he borrowed [...]

Colleen Marie McMahon-Hill (CRD # 5272881, Registered Representative, Surprise, Arizona) was barred from association with any FINRA member in any capacity. The sanction was based on findings that McMahon-Hill 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 [...]

James Carter McKelvain (CRD # 1565890, Registered Representative, Burleson, Texas) submitted an Offer of Settlement in which he was fined $35,000, suspended from association with any FINRA member in any capacity for eight months and ordered to pay $128,177.15 in disgorgement, less any amount already paid. Without admitting or denying the allegations, McKelvain consented to [...]

Mark McEwen (CRD # 4613500, Registered Principal, St. Charles, Missouri) was barred from association with any FINRA member in any capacity. The sanction was based on findings that McEwen converted $32,528.56 from a customer by falsely informing her that a check McEwen’s member firm sent to her pursuant to a consent order with the Missouri [...]

Michael Patrick Maser (CRD # 4135703, Registered Representative, Boynton Beach, Florida) 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, Maser consented to the described sanction and to the entry of findings that he liquidated funds [...]

Conrad Michael Lawrence (CRD # 4467366, Registered Representative, Wichita, Kansas) submitted an Offer of Settlement in which he was fined $25,000, which includes $4,000.32 in disgorgement of commissions, suspended from association with any FINRA member in any capacity for four months and ordered to pay $21,280, plus interest, in restitution. The fine, disgorgement and restitution [...]

Robert Franklin Hockensmith Jr. (CRD # 1798614, Registered Representative, Glendale, Arizona) 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, Hockensmith consented to the described sanction and to the entry of findings that he participated in transactions involving investment [...]

Scott Anthony Harwell (CRD # 2126913, Registered Supervisor, Mobile, Alabama) 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, Harwell consented to the described sanction and to the entry of findings that he engaged in private [...]

Ellis Gerald Halliburton (CRD # 4505479, Registered Representative, Zebulon, North Carolina) submitted a Letter of Acceptance, Waiver and Consent in which he was suspended from association with any FINRA member in any capacity for six months. In light of Halliburton’s financial status, no monetary sanctions have been imposed. Without admitting or denying the findings, Halliburton [...]

Remigio Paul Ferrara (CRD # 2435505, Registered Representative, Springfield, Virginia) 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, Ferrara consented to the described sanction and to the entry of findings that he facilitated an investment [...]

Walter Allen Ellis (CRD # 1024597, Registered Principal, Chesterfield, Virginia) was fined a total of $22,500 and suspended from association with any FINRA member in any capacity for a total of one year. The fine is due and payable upon Ellis’ return to the securities industry. The sanctions were based on findings that Ellis engaged [...]

Guy Christian Durand Jr. (CRD # 3213856, Registered Representative, St. Albans, New York) 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 three months. Without admitting or denying the findings, Durand consented to the described sanctions and to [...]

Danial de Sade (CRD # 4890224, Registered Representative, Peoria, Arizona) 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, de Sade consented to the described sanction and to the entry of findings that he failed to provide timely testimony [...]

Donald Edwin Derieg (CRD # 1365963, Registered Representative, Encino, California) 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, Derieg consented to the described sanction and to the entry of findings that he served as an [...]

Jennifer Evelyn Cheeseman (CRD # 5072581, Registered Representative, Stapleton, Alabama) 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, Cheeseman consented to the described sanction and to the entry of findings that she altered term life [...]

Shawn Patrick Casuccio (CRD # 4193661, Registered Representative, Fairmont, West Virginia) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Casuccio made material misrepresentations to induce customers to invest approximately $723,000 in fictitious investments. The findings stated that rather than investing the money, Casuccio deposited approximately [...]

Lawrence Bruce Card (CRD # 1371765, Registered Principal, Clinton Township, 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 Card’s reassociation with a FINRA member firm following [...]

Bryan David Budvitis (CRD # 4216953, Registered Representative, Aurora, Illinois) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Budvitis 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 [...]

John Roy Boyer (CRD # 1296554, Registered Representative, Missoula, Montana) 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 two months. The fine must be paid either immediately upon Boyer’s reassociation with a FINRA member firm following his [...]

Joel Barrett (CRD # 5441006, Registered Representative, Brooklyn, New York) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Barrett, 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 [...]

Shaye Hirsch (CRD # 2776013, Registered Principal, Cedarhurst, New York), Pond Equities (CRD # 30934, Lawrence, New York) and Stephen Joshua Greenberg (CRD # 2324570, Registered Principal, Brooklyn, New York) submitted an Offer of Settlement in which the firm was censured and was fined $100,000, jointly and severally, with Greenberg and Hirsch. Greenberg [...]

Stephen Joshua Greenberg (CRD # 2324570, Registered Principal, Brooklyn, New York), Shaye Hirsch (CRD # 2776013, Registered Principal, Cedarhurst, New York) and Pond Equities (CRD # 30934, Lawrence, New York) submitted an Offer of Settlement in which the firm was censured and was fined $100,000, jointly and severally, with Greenberg and Hirsch. Greenberg and Hirsch [...]

Pond Equities (CRD # 30934, Lawrence, New York), Stephen Joshua Greenberg (CRD # 2324570, Registered Principal, Brooklyn, New York) and Shaye Hirsch (CRD # 2776013, Registered Principal, Cedarhurst, New York) submitted an Offer of Settlement in which the firm was censured and was fined $100,000, jointly and severally, with Greenberg and Hirsch. Greenberg and Hirsch [...]