Articles Posted in FINRA Enforcement Actions 2011

FIN RA Arbitration Securities, Private Placement and Variable Annuity Attorney, Russell L. Forkey, Esq. February, 2011: Pinnacle Financial Group, LLC (CRD #131674, Orlando, Florida) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $15,000. In light of the firm’s financial status, a lower fine was imposed. Without admitting…

FINRA Securities and Variable Annuity Securities Fraud and Mismanagement Attorney, Russell L. Forkey, Esq. February, 2011: LPL Financial Corporation, nka LPL Financial LLC (CRD #6413, Boston, Massachusetts) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $175,000. Without admitting or denying the findings, the firm consented to the…

Florida FINRA Securities and Private Placement Fraud and Mismanagement Attorney, Russell L. Forkey, Esq. February, 2011: InterSecurities, Inc. nka Transamerica Financial Advisors, Inc. (CRD #16164, St. Petersburg, Florida) submitted a Letter of Acceptance, Waiver and Consent in which the firm was fined $50,000 and required to certify to FINRA that it has reviewed it policies,…

FINRA Arbitration Attorney, Russell L. Forkey, Esq. February, 2011: Couch Financial Services, Inc. (CRD #130559, Dallas, Texas) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $10,000. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that it…

FINRA Arbitration Attorney, Russell L. Forkey, Esq. FINRA Registered Principal Enforcement Action: David Earl Tillson (CRD #1855094, Registered Principal, Carencro, Louisiana, formerly licensed with Cullen Investment Group, LTD.)from association with any FINRA member in any capacity for one year. The fine must be paid either immediately upon Tillson’s reassociation with a FINRA member firm following…

FINRA Arbitration Fraud and Broker Mismanagement Attorney, Russell L. Forkey, Esq. FINRA Account Executive Enforcement Action: Evan Seth Rosenfeld (CRD #2788398, Registered Representative, Jericho, New York, formerly licensed with Whitaker Securities, LLC.) submitted an Offer of Settlement in which he was fined $10,000 and suspended from association with any FINRA member in any capacity for…

Private Placement and Outside Business Activity Fraud, Mismanagement and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. February, 2011: Earnest Evan Bridges Sr. (CRD #5643149, Registered Rep., Cheltenham, Maryland) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Without admitting…

FINRA Securities Private Placement Fraud and Mismanagement Attorney, Russell L. Forkey, Esq. January, 2011: Cambridge Legacy Securities, L.L.C. (CRD #103722, Dallas, Texas) and Tommy Edward Fincher (CRD #1725266, Registered Principal, Mesquite, Texas) submitted a Letter of Acceptance Waiver and Consent in which the firm was censured and ordered to pay $218,400 in restitution to customers.…

FINRA Securities and Investment Fraud and Mismanagement Attorney, Russell L. Forkey, Esq. February, 2011: Bathgate Capital Partners LLC nka GVC Capital LLC (CRD #38923, Greenwood Village, Colorado) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $13,500. Without admitting or denying the findings, the firm consented to the…

Selling Away and Outside Business Activity Fraud, Misrepresentation and Mismanagement FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. February, 2011: Alonzo Levi Bethea (CRD #2184794, Registered Rep., Silver Spring, Maryland) submitted an Offer of Settlement in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the…