Articles Posted in FINRA Enforcement Actions 2011

FINRA Arbitration Securities and Private Placement 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…

FINRA Arbitration Lawyer, Russell L. Forkey, Esq. Miguel Angel Murillo (CRD #4875997, Registered Representative, Bayshore, New York) was named as a respondent in a FINRA complaint alleging that he recommended excessive transactions in a customer’s account that were unsuitable in light of the customer’s financial situations, needs and investment objectives. The complaint alleges that Murillo…

FINRA Arbitration Lawyer, Russell L. Forkey, Esq. Brian Reuben Mitchell (CRD #5205677, Registered Representative, Streetsboro, Ohio) was named as a respondent in a FINRA complaint alleging that he engaged in an outside business activity selling legal and identity theft services, for compensation, and failed to provide prompt written notice to his member firm. The complaint…

FINRA Arbitration Attorney, Russell L. Forkey, Esq. Paul James Marshall (CRD #1889692, Registered Supervisor, Atlanta, Georgia) was named as a respondent in a FINRA complaint alleging that he obtained the option to purchase shares of a company after he obtained bank financing for the company and offered to purchase shares for a member firm customer.…

FINRA Arbitration Attorney, Russell L. Forkey, Esq. Hsin-Chuan Hsu aka Henry Hsu (CRD #1655196, Registered Representative, Marlboro, New Jersey) was named as a respondent in a FINRA complaint alleging that he fraudulently caused the transfer of profitable trades that were originally billed to the accounts of firm’s customers into his relatives accounts, resulting in profits…

Fort Lauderdale, Florida FINRA Arbitration Attorney, Russell L. Forkey, Esq. Richard A. Garaventa (CRD #3101772, Associated Person, Dannemora, New York) was named as a respondent in a FINRA complaint alleging that he misappropriated over $2.5 million from his member firm, firm customers and a firm counterparty for his own benefit. The complaint alleges that Garaventa…

West Palm Beach, Florida Securities Arbitration Lawyer, Russell L. Forkey, Esq. In addition to providing information relative to the results of certain publically available enforcement awards, we have recently added a new feature to our site, which we are incorporating herein. We are now providing iFINRA generated nformation relative to FINRA complaints issued in the…

Boca Raton, Florida Securities Arbitration and Litigation Lawyer, Russell L. Forkey, Esq. In addition to providing information relative to the results of certain publically available enforcement awards, we have recently added a new feature to our site, which we are incorporating herein. We are now providing iFINRA generated nformation relative to FINRA complaints issued in…

West Palm Beach, Florida Securities Arbitration Lawyer, Russell L. Forkey, Esq. In addition to providing information relative to the results of certain publically available enforcement awards, we have recently added a new feature to our site, which we are incorporating herein. We are now providing iFINRA generated nformation relative to FINRA complaints issued in the…

Investment and Securities Fraud and Mismanagement FINRA Arbitration Attorney, Russell L. Forkey, Esq. January, 2011: Mahmood Hasan Usmani, (CRD #5727193, Associated Person, Bartlett, Tennessee) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity and ordered to disgorge $24,286.67 in unlawful profits. Without…