Articles Posted in FINRA Enforcement Actions 2011

FINRA Arbitration Attorney for Foreign Investors Dealing with FINRA Licensed Brokerage Firms and Account Executives. August, 2011: Faran S. Kassam (CRD #4816180, Foreign Associate, London, England) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Kassam failed to respond to FINRA requests for information and documents…

FINRA Private Placement and Variable Annuity Fraud Attorney, Russell L. Forkey, Esq. August, 2011: Richard Arnold Hansen (CRD #236308, Registered Principal, Villanova, Pennsylvania) 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, Hansen consented to the…

FINRA Negligence and Mismanagement Arbitration Attorney, Russell L. Forkey, Esq. August, 2011: Kirk Loring Gravelle (CRD #2580309, Registered Representative, Macclenny, Florida) was fined $10,000, suspended from association with any FINRA member in any capacity for five business days and required to requalify by examination. The sanctions were based on findings that Gravelle mismarked customer orders…

FINRA Arbitration Fraud and Broker Misconduct Attorney, Russell L. Forkey, Esq. FINRA complaint issued against the below described account executive: Please keep in mind that the issuance of a disciplinary complaint represents FINRA’s initiation of a formal proceeding in which findings as to the allegations in the complaint have not been made, and does not…

FINRA Negligent Supervision and Selling Away Arbitration Attorney, Russell L. Forkey, Esq. August, 2011: Joshua Albert Galiani (CRD #2864225, Registered Representative, Pelham Manor, New York) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Galiani engaged in an investment strategy that resulted in a principal loss…

FINRA Arbitration Attorney Russell L. Forkey, Esq., Representing Foreign Investors against U.S. Brokerage Firms for Fraud, Misrepresentation and Negligence August, 2011: James Patrick Cross (CRD #1946579, Registered Representative, Nossegem, Belgium) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Cross failed to respond to FINRA requests…

FINRA Negligent Supervision and Selling Away Arbitration Attorney, Russell L. Forkey, Esq. August, 2011: Martin Robert Coyne (CRD #2401192, Registered Representative, Pittsburgh, Pennsylvania) 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, Coyne consented to the…

FINRA Negligent Supervision and Selling Away Arbitration Attorney, Russell L. Forkey, Esq. August, 2011: David Lee Cheviron (CRD #4031542, Registered Principal, Massillon, Ohio) 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, Cheviron consented to the…

FINRA Negligent Supervision and Selling Away Arbitration Attorney, Russell L. Forkey, Esq. August, 2011: Scott Thomas Brandt (CRD #1211417, Registered Representative, Woodland Hills, California) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $67,909.21, which includes a $57,909.21 disgorgement of commissions received, and suspended from association with any FINRA member in…

FINRA Negligent Supervision and Selling Away Arbitration Attorney, Russell L. Forkey, Esq. August, 2011: Deutsche Bank Securities Inc. (CRD #2525, New York, New York) and Adrienne Barrett Tubridy (CRD #1570968, Registered Supervisor, Marblehead, Massachusetts) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $350,000. In assessing the fine,…