Articles Posted in FINRA Enforcement Actions 2011

Private Placement, Selling Away, Negligent Supervision, Fraud and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. December, 2011: Xiomara Isabel Beach (CRD #5628107, Registered Representative, Long Beach, California) submitted a Letter of Acceptance, Waiver and Consent in which she was fined $7,500 and suspended from association with any FINRA member in any capacity…

Variable and Fixed Annuity Fraud Misrepresentation and Negligent Supervision Attorney, Russell L. Forkey, Esq. December, 2011: Amir Aqeel (CRD #5151040, Registered Representative, Tomrall, Texas) submitted an Offer of Settlement in which he was suspended from association with any FINRA member in any capacity for two years. Without admitting or denying the allegations, Aqeel consented to…

Securities Research Fraud and Deceit FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. December, 2011: Wunderlich Securities, Inc. (CRD #2543, Memphis, Tennessee) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $50,000. Without admitting or denying the findings, the firm consented to the described sanctions and to…

FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq., Relating to Matters Involving Fraud, Selling Away, Outside Business Activity Misrepresentation and Negligent Supervision. December, 2011: Wells Fargo Advisors, LLC fka Wachovia Securities, Inc. (CRD #19616, St. Louis, Missouri) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $350,000.…

Private Placement and Regulation D Fraud, Misrepresentation and Negligent Supervision FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. December, 2011: Internet Securities (CRD #102800, Oakland, California) and Michael Wayne Beardsley (CRD #2546470, Registered Principal, Oakland, California) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured, fined $12,500 and required…

Selling Away and Unapproved Outside Business Activity Fraud, Negligence and Negligent Supervision FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. December, 2011: Institutional Capital Management, Inc. (CRD #41055, Houston, Texas) and Daniel Lee Ritz Jr. (CRD #1977521, Registered Principal, Katy, Texas) submitted a Letter of Acceptance, Waiver and Consent in which the firm was…

South Florida Securities and Investment Fraud, Unsuitability, Misrepresentation and Negligent Supervision FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. December, 2011: Dawson James Securities, Inc. (CRD® #130645, Boca Raton, Florida), Albert James Poliak (CRD #1270681, Registered Principal, Parkland, Florida), and Douglas Fulton Kaiser (CRD #1674570, Registered Principal, Deerfield Beach, Florida) submitted Offers of Settlement…

FINRA Arbitration Attorney, Russell L. Forkey, Esq. is available for a free consultation if you have suffered investment losses relative to any of the matters set forth below: Periodically, the Financial Industry Regulatory Authority, Inc. (FINRA) publically announces, on its website, enforcement actions that have either recently been settled by or commenced against broker/dealers and/or…

Securities and Investment Fraud, Misrepresentation and Unsuitable FINRA Arbitration and Litigation Lawyer, Russell L. Forkey, Esq. November, 2011: Michael Jefferson Harper (CRD #4650612, Registered Principal, Coral Springs, Florida) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Harper failed to respond in a timely manner to…

Unauthorized Outside Business Activity and Selling Away Fraud and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. November, 2011: Daniel Joseph Voccia II (CRD #2691802, Registered Principal, Calverton, New York) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Without…