Articles Posted in FINRA Enforcement Actions 2011

FINRA Promissory Note Fraud Arbitration Attorney, Russell L. Forkey, Esq. July, 2011: Bart Chad Christensen (CRD #2956167, Registered Representative, South Jordan, Utah) 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, Christensen consented to the described…

Research Fraud and Non-Disclosure FINRA Arbitration and Litigation Lawyer, Russell L. Forkey, Esq. November, 2011: BGB Securities, Inc. (CRD #36716, Arlington, Virginia) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $25,000. Without admitting or denying the findings, the firm consented to the described sanctions and to the…

FINRA Arbitration Fraud, Misrepresentation and Mismanagement Attorney, Russell L. Forkey, Esq. July, 2011: Renee Marie Brown (CRD #3221618, Registered Principal, Golden Valley, Minnesota) 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, Brown consented to the…

FINRA Municipal and Corporate Bond Fraud and Misrepresentation Arbitration Attorney, Russell L. Forkey, Esq. July, 2011: Kiley Partners, Inc. (CRD #37814, Palm Beach Gardens, Florida) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $17,500. Without admitting or denying the findings, the firm consented to the described sanctions…

FINRA Municipal and Corporate Bond Fraud Arbitration Attorney, Russell L. Forkey, Esq. July, 2011: The GMS Group, LLC (CRD #8000, Livingston, New Jersey) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $50,000. Without admitting or denying the findings, the firm consented to the described sanctions and to…

FINRA Arbitration Private Placement and Variable Annuity Investment Fraud and Misrepresentation Attorney, Russell L. Forkey, Esq. July, 2011: Brookstone Securities, Inc. (CRD #13366, Lakeland, Florida) and David William Locy (CRD #4682865, Registered Principal, Overland Park, Kansas) submitted a Letter of Acceptance, Waiver and Consent in which the firm and Locy were censured and fined $25,000,…

FINRA Negligent Supervision and Selling Away Arbitration Attorney, Russell L. Forkey, Esq. July, 2011: 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 actions each month and provide a…

Boca Raton, Florida Securities Fraud and Mismanagement Attorney, Russell L. Forkey, Esq. June, 2011: Please keep in mind that the complaints issued by FINRA 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 represent a decision as to any of…

Securities Fraud and Mismanagement FINRA Arbitration Attorney, Russell L. Forkey, Esq. June, 2011: Chenying Lee Williamson (CRD #2753331, Registered Representative, Cincinnati, Ohio, formerly licensed with Chase Investment Services Corp.) 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…

FINRA Securities Arbitration Misrepresentation and Fraud Attorney, Russell L. Forkey, Esq. June, 2011: Michael Lewis Serota (CRD #2169739, Registered Principal, Englewood, Colorado, formerly licensed with Newbridge Securities Corporation and Raymond James & Associates, Inc.) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any…