Articles Posted in FINRA Enforcement Actions 2010

Investment Advisor and Broker/Dealer Fraud, Misrepresentation and Mismanagement FINRA Arbitration and Litigation Lawyer Russell L. Forkey, Esq. December, 2010: Tyler McKittrick Eddy (CRD #4148945, Registered Rep., New York, New York) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $200,000 and suspended from association with any FINRA member in any capacity…

Broker/Dealer and Investment Advisor Fraud, Mismanagement and Misrepresentation FINRA Aribtration Attorney, Russell L. Forkey, Esq. December, 2010: Dante Thomas Garcia DeMiro (CRD #2674582, Registered Principal, Milford, 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 nine months.…

Broker/Dealer and Investment Advisor Fraud, Mismanagement and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. December, 2010: Robert Anthony Cataldo (CRD #1056971, Registered Rep., Lexington, Massachusetts) 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…

Investment Fraud and Mismanagement FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. December, 2010: Global Strategic Investments, LLC (CRD #117028, Miami, Florida) and Cesar Gabriel Hernandez (CRD #3249722, Registered Principal, Miami, Florida) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $150,000. Hernandez was fined $25,000 and…

Zero Coupon Bond Fraud, Mismanagement and Negligent Supervision FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. December, 2010: Fox Financial Management Corporation (CRD® #134277, Carrollton, Texas) and James Edward Rooney Jr. (CRD #1857754, Registered Principal, Carrollton, Texas) submitted an Offer of Settlement in which the firm was censured and fined $40,000, and Rooney was…

FINRA Arbitration and Litigation Fraud, Mismanagement, Unsuitability, Negligent Supervision and Selling Away Attorney Attorney, Russell L. Forkey, Esq. December, 2010: Periodically, the Financial Industry Regulatory Authority, Inc. (FINRA) publically announces, on its website, enforcement actions that have either recently been settled by or commenced against broker/dealers and/or associated persons. We review these settlements and filed…

Unauthorized Discretion – Time and Price Discretion FINRA Arbitration and Securities Arbitration Lawyer, Russell L. Forkey, Esq. January, 2010: Jessie Everett Airington (CRD #2097, Registered Principal, Dallas, Texas) 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 10…

Private Placement and Variable Annuity Misrepresentation Finra Arbitration and Litigation Lawyer, Russell L. Forkey, Esq. January, 2010 TIAA-CREF Individual & Institutional Services, LLC (CRD #20472, New York, New York) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $100,000. Without admitting or denying the findings, the firm consented…

Private Placement Fraud, Misrepresentation and Negligent Supervision Lawyer, Russell L. Forkey, Esq. November, 2011: Newbridge Securities Corporation (CRD #104065, Fort Lauderdale, Florida) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $20,000. Without admitting or denying the findings, the firm consented to the described sanctions and to the…

Theft and Negligent Supervision FINRA Arbitration and Litigation Lawyer, Russell L. Forkey, Esq. January, 2010: J.J.B. Hilliard,W.L. Lyons, LLC (CRD #453, Louisville, Kentucky) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured, fined $200,000 and required to place $133,817 into a segregated, interest-bearing account for a period of five years…