Articles Posted in FINRA Enforcement Actions 2011

FINRA Securities Fraud, Misrepresentation and Mismanagement Attorney, Russell L. Forkey, Esq. May, 2011 Donald Barry Weidenfeld (CRD #1751232, Registered Principal, Del Ray Beach, Florida, currently licensed with Raymond James & Associates, Inc.) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $5,000 and suspended from association with any FINRA member in…

FINRA Securities Fraud and Misrepresentation Arbitration Attorney, Russell L. Forkey, Esq. May, 2011 Nathan Mark Spiegel (CRD #4823748, Registered Representative, Ankeny, Iowa, formerly licensed with Edward Jones) 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,…

FINRA Securities Fraud, Mismanagement and Misrepresentation Attorney, Russell L. Forkey, Esq. May, 2011 Ryan Seth Sackstein (CRD #4304667, Registered Representative, Hewlett, New York formerly licensed with Investors Capital Corporation) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Sackstein requested a customer sign a written agreement,…

Florida FINRA Securities Fraud and Misrepresentation Attorney, Russell L. Forkey, Esq. May, 2011 Jose Antonio Rivera (CRD #1822783, Registered Representative, Fort Myers, Florida, formerly licensed with Invest Financial Corporation and Morgan Stanley Smith Barney) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $5,000 and suspended from association with any FINRA…

FINRA Securities Fraud and Misrepresentation Attorney, Russell L. Forkey, Esq. May, 2011 Penena Karpel McRoberts (CRD #1909901, Registered Representative, Austin, Texas, formerly licensed with LPL Financial Corporation and Next Financial Group, Inc.) submitted a Letter of Acceptance, Waiver and Consent in which she was fined $20,000, which includes the disgorgement of commissions received of $9,600,…

South Florida, FINRA Securities Fraud and Mismanagement Attorney, Russell L. Forkey, Esq. May, 2011 Devon Coulin McLean (CRD #4072332, Registered Representative, Homestead, Florida, formerly licensed with Questar Capital Corporation) 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…

FINRA Securities Fraud, Misrepresentation and Mismanagement Arbitration Attorney, Russell L. Forkey, Esq. May, 2011 Marco Antonio Martin (CRD #3100944, Registered Representative, Toronto, Canada, formerly Citigroup Global Markets, Inc.) 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, Martin consented…

FINRA Securities Fraud, Misrepresentation and Mismanagement Attorney, Russell L. Forkey, Esq. May, 2011 Cesar Madrigal (CRD #4572698, Registered Representative, Deer Park, Texas, formerly registered with Wells Fargo Advisors, LLC.) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Madrigal misappropriated $102,054.55 from customers’ bank accounts by…

South Florida Securities Fraud, Misrepresentation and Mismanagement Attorney, Russell L. Forkey, Esq. May, 2011 Michael Steven Jacobson (CRD #2042591, Registered Representative, Coral Springs, Florida, formerly licensed with Princor Financial Services Corporation and Met Life Securities) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $5,000 and suspended from association with any…

FINRA Securities Fraud, Misrepresentation and Mismanagement Attorney, Russell L. Forkey, Esq. May, 2011 William Thomas Hernandez (CRD #2815703, Registered Representative, Louisville, Kentucky, formerly licensed with PNC Investments) 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,…