Articles Posted in FINRA Enforcement Actions 2011

FINRA Securities and Investment Fraud and Mismanagement Attorney, Russell L. Forkey, Esq. January, 2011: Scottrade, Inc. (CRD #8206, St. Louis, Missouri) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $35,000. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry…

Florida FINRA Investment and Securities Fraud, Mismanagement and Misrepresentation Attorney, Russell L. Forkey, Esq. January, 2011: Peraza Capital and Investment, LLC (CRD #117851, St. Petersburg, Florida) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $12,500. Without admitting or denying the findings, the firm consented to the described…

FINRA Arbitration Fraud, Misrepresentation and Mismanagement Attorney, Russell L. Forkey, Esq. January, 2011: NEXT Financial Group, Inc. (CRD #46214, Houston, Texas) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured, fined $400,000 and ordered to pay $103,179.84, plus interest, in restitution to customers. Without admitting or denying the findings, the…

Florida FINRA Investment and Securities Fraud and Mismanagement Attorney, Russell L. Forkey, Esq. January, 2011: Jupiter Distribution Partners, Inc. (CRD #130850, Greenacres, Florida) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $20,000. Without admitting or denying the findings, the firm consented to the described sanctions and to…

FINRA Municipal and Corporate Bond Fraud and Misrepresentation Arbitration Attorney, Russell L. Forkey, Esq. July, 2011: Janney Montgomery Scott LLC (CRD #463, Philadelphia, Pennsylvania) 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…

FINRA Securities Fraud and Mismanagement Attorney, Russell L. Forkey, Esq. January, 2011: Janney Montgomery Scott, LLC (CRD #463, Philadelphia, Pennsylvania) 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 described sanctions and to the entry of…

South Florida FINRA Securities Investment Fraud and Mismanagement Arbitration Attorney, Russell L. Forkey, Esq. January, 2011: First American Capital and Trading Corporation (CRD #118812, Boca Raton, Florida) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $22,500. Without admitting or denying the findings, the firm consented to the…

FINRA Arbitration Bond Fraud and Mismanagement Attorney, Russell L. Forkey, Esq. January, 2011: Fidelity Brokerage Services LLC (CRD #7784, Smithfield, Rhode Island) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $35,000. Without admitting or denying the findings, the firm consented to the described sanctions and to the…

FINRA Securities Fraud and Mismanagement Attorney, Russell L. Forkey, Esq. January, 2011: Cohen & Company Securities, LLC (CRD #104002, Philadelphia, Pennsylvania) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured, fined $50,000, ordered to pay $899,251, plus interest, in restitution to customers, and required to review its supervisory system and…

FINRA Securities Fraud and Investment Fraud and Mismanagement Arbitration Attorney, Russell L. Forkey, Esq. FINRA January, 2011 Enforcement Actions: 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…