Securities and Investment Fraud Lawyers, Attorneys, Law Firm - GOODMAN & NEKVASIL, P.A

Mandala, Steven Michael

sub: Broker completed an employment application with a member firm in which he falsely represented his annual compensation at a previous securities firm and falsely represented the customer assets he managed and the revenues generated.

Posted: December 21st, 2010

Linge, Stephen Dee

sub: Broker participated in private securities transactions through the sales of securities totaling approximately $395,000 in the form of promissory notes issued by a company, to which he referred firm customers and received monetary compensation from the company’s affiliate for his referrals.

Posted: December 21st, 2010

Kossak, David Alan

sub: Broker directed his assistant to sign a customer’s name to a document related to a fixed insurance contract without the customer’s knowledge or authorization while registered with a member firm.

Posted: December 21st, 2010

Imhof, Timothy John

sub: Broker accepted $3,000 in cash a coworker handed to him on an outside stock loan finder’s behalf, and failed to disclose his acceptance of this money to his supervisor or others at his member firm.

Posted: December 21st, 2010

Hemby, Nicholas Bryan

sub: Broker withdrew and misappropriated $800 from a bank customer’s account without the customer’s consent while employed as a personal banker by a retail bank and registered with a member firm.

Posted: December 21st, 2010

Hardy, Jamie Sutton

sub: Broker misappropriated $33,445.82 from her supervisor’s personal checking account for her own personal use.

Posted: December 21st, 2010

Golter, Darryl Wayne

sub: Broker failed to forward insurance premium payments of $102,635 made by customers to insurance companies as he was required to do, but instead deposited the funds into his personal account and used the money for his personal activities without the customers’ or the insurance companies’ permission or authority.

Posted: December 20th, 2010

Goldstein, Scott Howard

sub: Broker, as his member firm’s CEO, knew or should have known of substantive violations of FINRA rules and the potential inadequacy of firm compliance personnel.

Posted: December 20th, 2010

Gilman, Thomas R.

sub: Broker first received a $50,000 finder’s fee and failed to provide the firm with prior written notice or receive the firm’s written permission.

Posted: December 20th, 2010

Conwill, George Stephen

sub: Broker approved prior to execution, the sale (purchase) of securities to (from) customers where the firm, through other employees, failed to sell (buy) such securities at a price that was fair, taking into consideration all relevant circumstances, including market conditions with respect to each security at the time of the transaction, the expense involved and that the firm was entitled to a profit.

Posted: December 20th, 2010

Bush, Robin Fran

sub: Broker failed to implement policies and procedures reasonably designed to detect and cause the reporting of suspicious transactions under 31 USC 5318(g) and implementing regulations thereunder.

Posted: December 20th, 2010

Richard Albert Bush

sub: Broker failed to adequately supervise registered representatives who sold unregistered securities on certain clients’ behalf in violation of Section 5 of the Securities Act of 1933.

Posted: December 20th, 2010

Burkemper, Paul Edward

sub: Broker engaged in private securities transactions when he sold $1,898,975 in ownership interests of an entity to individuals, who included his member firm’s customers without providing written notice to the firm of these sales and without receiving the firm’s written approval or acknowledgment for these sales.

Posted: December 20th, 2010

Bruck, Rodney Louis

sub: Broker deposited a $7,000 customer check written payable direct with the intent to establish an “emergency fund” into a business account broker owned and operated and wrote checks to the customer, or to another entity on her behalf, from his business account

Posted: December 20th, 2010

Brown, Kenneth

sub: Broker, acting in his capacity as the AMLCO, failed to implement policies and procedures reasonably designed to detect and cause the reporting of suspicious transactions under 31 USC 5318(g) and implementing regulations.

Posted: December 20th, 2010

Brooks, Artha Lee

sub: Broker accepted $5,000 in cash from a customer, against his member firm’s procedures, and gave the customer a receipt indicating receipt of the cash with a note indicating “money market.”

Posted: December 20th, 2010

Brents, Michael R.

sub: Broker misappropriated funds when one of his customers wrote a $4,308 check payable to the insurance company affiliate of his member firm for insurance policies and gave the check to broker as agent for the insurance company.

Posted: December 20th, 2010

Beckford, Cislyn Louise

sub: Broker misappropriated over $8,200 in funds belonging to her member firm’s customer, from the customer’s retail bank accounts, for her own personal use.

Posted: December 20th, 2010

Barker, Douglas Joe

sub: Broker recommended and effected unsuitable short-term sales in customers’ accounts of closed-end funds less than six months after purchasing them at an initial public offering.

Posted: December 20th, 2010

Barber, Richard Michael

sub: Broker failed to reasonably supervise the activities of a registered representative who entered transactions at the direction of an unregistered individual.

Posted: December 20th, 2010

Amico, Guy Steven

sub: Broker failed to adequately supervise the firm’s chief compliance officers (CCOs) and AML compliance officers (AMLCOs) as his member firm’s president.

Posted: December 20th, 2010

Alboher, Jerry Isaac

sub: Broker provided incorrect home addresses for customers on their variable annuity applications that he submitted to his member firm.

Posted: December 20th, 2010

Rodgers, Stephen Rudolph

sub: Broker allowed opening options transactions in accounts without signed options agreements.

Posted: December 20th, 2010

Niederkrome, David Eric

sub: Broker failed to test and verify that the firm’s supervisory control procedures and policies were reasonably designed to achieve compliance with applicable rules.

Posted: December 20th, 2010

NWT Financial Group, LLC

sub: Broker dealer allowed opening options transactions in accounts without signed options agreements.

Posted: December 20th, 2010

DiGiovanni Jr., Anthony Joseph

sub: Broker participated in the distribution of unregistered thinly traded securities for firm customers that resulted in proceeds over $3.8 million from the customers and approximately $400,000 in gross commissions for the firm, and failed to perform an adequate inquiry to determine the registration or exemption status of the shares, including failing to make any inquiries to determine the circumstances of how its customers received their shares of unregistered stock, the customers’ relationships with the relevant issuers, or any other relevant facts or circumstances that could have revealed whether the shares were, in fact, exempt from registration.

Posted: December 20th, 2010

Still, Sonya Terez

sub: Broker failed to establish and maintain adequate policies and procedures, including written supervisory procedures, reasonably designed to achieve compliance with applicable laws, rules and regulations with respect to the sale of unregistered securities.

Posted: December 20th, 2010

DiGiovanni Sr., Anthony Joseph

sub: Broker failed to adequately supervise another broker in his participation in the sales of unregistered securities.

Posted: December 20th, 2010

Seaboard Securities, Inc.

sub: Broker dealer participated in the distribution of unregistered thinly traded securities for firm customers that resulted in proceeds over $3.8 million from the customers and approximately $400,000 in gross commissions for the firm, and failed to perform an adequate inquiry to determine the registration or exemption status of the shares, including failing to make any inquiries to determine the circumstances of how its customers received their shares of unregistered stock, the customers’ relationships with the relevant issuers, or any other relevant facts or circumstances that could have revealed whether the shares were, in fact, exempt from registration.

Posted: December 20th, 2010

Sweat, Kent Duane

sub: Broker failed to enforce its written supervisory procedures pertaining to its annual compliance meeting, branch office inspections, outside business activities, outside securities accounts, Regulation SP, hiring practices and the use of personal computers.

Posted: December 20th, 2010

Intermountain Financial Services, Inc.

sub: Broker dealer failed to enforce its written supervisory procedures pertaining to its annual compliance meeting, branch office inspections, outside business activities, outside securities accounts, Regulation SP, hiring practices and the use of personal computers.

Posted: December 20th, 2010

Mattran, Donald

sub: Broker engaged in a pattern of unsuitable short-term UIT, CEF and mutual fund transactions in accounts of 17 customers, most of whom were elderly and/or disabled.

Posted: December 20th, 2010

Bredenburg, David

sub: Broker engaged in a pattern of unsuitable short-term UIT, CEF and mutual fund transactions in accounts of 17 customers, most of whom were elderly and/or disabled.

Posted: December 20th, 2010

SunTrust Investment Services

sub: Broker dealer engaged in a pattern of unsuitable short-term UIT, CEF and mutual fund transactions in accounts of 17 customers, most of whom were elderly and/or disabled.

Posted: December 20th, 2010

Dorval, Daren Frances

sub: Broker established an account for a customer at his member firm for which he was the account representative.

Posted: December 20th, 2010

Devito, Joseph Anthony

sub: Broker failed to enforce his member firm’s written supervisory procedures with respect to licensing, in that the procedures required designated supervisory principals to ensure that the associated persons they supervised were properly licensed.

Posted: December 20th, 2010

Wirick, Todd Clinton

sub: Broker signed a customer’s name to forms related to a variable annuity exchange without the customer’s knowledge or authorization.

Posted: December 20th, 2010

Wilhelmi, Matthew K.

sub: Broker signed a customer’s name on an account application, without the customer’s knowledge or consent, to facilitate the opening of a checking account while acting in his capacity as a personal banker for his firm’s affiliated bank.

Posted: December 20th, 2010

Wicks, Jeffery Arden

sub: Broker misappropriated at least $449,119.17 from joint account holders at his member firm.

Posted: December 20th, 2010

Vanderhoof, Steven Craig

sub: Broker authored television advertisements that were false and misleading, and failed to provide a balanced discussion and disclose the name of the broker-dealer.

Posted: December 20th, 2010

Stratman, Richard Joseph

sub: Broker used a customer’s bank account to electronically pay his own personal bills and expenses without permission and authority.

Posted: December 20th, 2010

Slonecker, William Gregory

sub: Broker recommended and executed unsuitable variable annuity contract replacements or switches involving customers without regard for their age or financial backgrounds, and received $85,000 in commissions.

Posted: December 20th, 2010

Schlenker, Anne Marie

sub: Broker made unauthorized withdrawals and transfers totaling approximately $265,800 from customers’ accounts to accounts she controlled, and converted these funds for her own use and benefit.

Posted: December 20th, 2010

Ruggiero, Domenic Carlo

sub: Broker did not have authority or approval to sign or issue Letters of Credit in his capacity as a financial consultant with his member firm, but he signed a Letter of Credit on the letterhead of the firm’s predecessor in the amount of $55,000 and gave it to a customer without the firm’s knowledge or authorization.

Posted: December 20th, 2010

Richards, Stephen N.

sub: Broker made a series of changes to the account of a deceased customer, including changing the account address to that of his member firm, the name on the account, and an instruction on the account in order to allow redemptions to be wired to his personal account.

Posted: December 20th, 2010

Rapuano Jr., James Michael

sub: Broker made oral and written misrepresentations to a customer at his member firm regarding the value of the customer’s account.

Posted: December 20th, 2010

Randall, Craig Lee

sub: Broker used a a firm-approved presentation during retail seminars with customers that contained misleading, exaggerated and unwarranted statements, despite his knowledge that FINRA had determined that the presentation violated NASD advertising rules and should not be used.

Posted: December 20th, 2010

Poutre II, Michael Alcide

sub: Broker placed orders for the sale of corporate bonds and placed charges on the orders for markups, which were not fair and reasonable, in consideration of the factors set forth in NASD Interpretative Material 2440(b).

Posted: December 20th, 2010

Oates, Steven M.

sub: Broker misappropriated $10,000 from the vault of his member firm’s bank.

Posted: December 20th, 2010

Newkirk Jr., John Marcus

sub: Broker converted $4,550 he received from customers for deposit into their accounts and provided a firm customer with a false account document that misrepresented the amount of funds in the customer’s account at the firm.

Posted: December 20th, 2010