Articles Posted in FINRA Enforcement Actions 2011

FINRA Investment, Private Placement and Variable Annuity Fraud Attorney, Russell L. Forkey, Esq. April, 2011: Noble International Investments, Inc. (CRD #15768, Boca Raton, Florida) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $27,500. Read More. Purshe Kaplan Sterling Investments, Inc. (CRD #35747, Albany, New York) submitted a…

FINRA Arbitration Private Placement and Selling Away Fraud Attorney, Russell L. Forkey, Esq. March, 2011: M. Paul De Vietien (CRD #1121492, Registered Representative, Tampa, Florida) was fined $16,000 and suspended from association with any FINRA member in any capacity for one year. The NAC imposed the sanctions following De Vietien’s appeal of an Office of…

FINRA Arbitration Limited Partnership and Private Placement Fraud and Mismanagement Attorney, Russell L. Forkey, Esq. March, 2011: John Brian Busacca III (CRD #2302780, Registered Principal, Orlando, Florida) was fined $30,000 and suspended from association with any FINRA member in any principal capacity for six months. The SEC sustained the sanctions following appeal of a National…

FINRA Arbitration Suitability and Over Concentration Fraud and Mismanagement Attorney, Russell L. Forkey, Esq. March, 2011: Craig Michael Bettencourt (CRD #3230665, Registered Representative, Concord, 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 findings, Bettencourt consented…

FINRA Arbitration Suitability and Over Concentration Fraud and Mismanagement Attorney, Russell L. Forkey, Esq. March, 2011: Craig Michael Bettencourt (CRD #3230665, Registered Representative, Concord, Massachusetts) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Read More. John Brian Busacca III (CRD #2302780,…

FINRA Private Placement Fraud and Mismanagement Arbitration Attorney, Russell L. Forkey, Esq. February, 2011: Ronald George Spomer II (CRD #4210676, Registered Representative, Cody, Wyoming) 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, Spomer consented to…

FINRA Investment Fraud and Mismanagement Arbitration Attorney, Russell L. Forkey, Esq. February, 2011: Carlos C. Sarmiento Jr. (CRD #5003883, Registered Representative, San Antonio, Texas) submitted an Offer of Settlement in which he was barred from association with any FINRA member in any capacity and ordered to pay $82,350, plus interest, in restitution to a member…

FINRA Arbitration and Suitability Fraud Attorney, Russell L. Forkey, Esq. February, 2011: Louis Robert Porteous III (CRD #1549517, Registered Principal, South Freeport, Maine) 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 one year. The fine must be…

FINRA Arbitration Fraud and Mismanagement Attorney, Russell L. Forkey, Esq. February, 2011: Harry Alexander Mullen Jr. (CRD #342393, Registered Representative, Marietta, Georgia) 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, Mullen consented to the described…

Investment, Private Placement and Variable Annuity Fraud and Mismanagement, FINRA Arbitration Attorney, Russell L. Forkey, Esq. February, 2011: Steven Louis Morewitz (CRD #5022985, Registered Representative, Newport News, Virginia) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $10,000 and suspended from association with any FINRA member in any capacity for 18…