Articles Posted in FINRA Enforcement Actions 2011

FINRA Fraud and Mismanagement Attorney, Russell L. Forkey, Esq. May, 2011 Scott Jeffrey Adler (CRD #3175603, Registered Representative, Sharon, Massachusetts, formerly licensed with New England Securities) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $36,434, which includes disgorgement of $16,434 to be paid to the firm, and suspended from association…

FINRA Fraud and Mismanagement Attorney, Russell L. Forkey, Esq. May, 2011 Irving Louis Adler (CRD #3175612, Registered Representative, Braintree, Massachusetts, formerly licensed with New England Securities) 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, Adler…

FINRA Broker Fraud and Mismanagement Arbitration Attorney, Russell L. Forkey, Esq. May, 2011 UVEST Financial Services Group, Inc. (CRD #13787, Charlotte, North Carolina) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $75,000. Without admitting or denying the findings, the firm consented to the described sanctions and to…

FINRA Broker Fraud and Mismanagement Arbitration Attorney, Russell L. Forkey, Esq. May, 2011 Newbridge Securities Corporation (CRD #104065, Ft. Lauderdale, Florida) 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 entry…

FINRA Corporate and Municipal Bond Fraud and Mismanagement Arbitration Attorney, Russell L. Forkey, Esq. July, 2011: FMSbonds, Inc. (CRD #7793, Boca Raton, Florida) 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 to the described sanctions and to…

FINRA Fraud and Mismanagement Attorney, Russell L. Forkey, Esq. May, 2011 FMSbonds, Inc. (CRD #7793, Boca Raton, Florida) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured, fined $45,000 and required to revise its WSPs regarding best execution of corporate debt securities. Without admitting or denying the findings, the firm…

FINRA Fraud and Mismanagement Attorney, Russell L. Forkey, Esq. May, 2011 Brewer Financial Services, LLC (CRD® #132558, Chicago, Illinois), Adam GaryErickson (CRD #3081286, Registered Principal, Chicago, Illinois) and Steven John Brewer (CRD #2214515, Associated Person, Chicago, Illinois) submitted a Letter of Acceptance Waiver and Consent in which the firm was expelled from FINRA membership and…

FINRA Private Placement and Variable Annuity Fraud and Mismanagement Attorney, Russell L. Forkey, Esq. May, 2011: Brewer Financial Services, LLC (CRD® #132558, Chicago, Illinois), Adam Gary Erickson (CRD #3081286, Registered Principal, Chicago, Illinois) and Steven John Brewer (CRD #2214515, Associated Person, Chicago, Illinois) submitted a Letter of Acceptance Waiver and Consent in which the firm…

FINRA Arbitration Fraud and Broker Mismanagement Attorney, Russell L. Forkey, Esq. FINRA Account Executive Enforcement Action: Richard William Talley (CRD #442208, Registered Principal, Las Vegas, Nevada formerly licensed with Talley & Company) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Without…

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…