Articles Posted in FINRA Enforcement Actions 2011

REIT and Tenants-in-Common Fraud and Negligent Supervision FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. November, 2011: Paul Leon White II (CRD #4669396, Registered Representative, Huntington, New York) submitted an Offer of Settlement in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the allegations, White…

Common and Preferred Stock and Annuity Fraud and Mismanagement FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. November, 2011: Dale David Twardowski (CRD #4056379, Registered Principal, Palm Harbor, Florida) submitted an Offer of Settlement in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the allegations,…

Promissory Note Fraud and Negligent Supervision FINRA Arbitration and Litigation Lawyer, Russell L. Forkey, Esq. November, 2011: Krittibas Ray (CRD #3039388, Registered Representative, Albany, California) 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, Ray consented…

Theft and Misuse of Clients’ Funds FINRA Attorney and Litigation Attorney, Russell L. Forkey, Esq. November, 2011: Ralph Howly Phillips (CRD #2145356, Registered Principal, New Kensington, Pennsylvania)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, Phillips…

Fixed and Variable Annuity Fraud, Misrepresentation and Mismanagement FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. November, 2011: Jason Pedigo (CRD #4952772, Registered Representative, Little Rock, Arkansas) 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…

Private Placement Fraud and Failure to Perform Reasonable Due Diligence FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. November, 2011: Mark Mather Mercier (CRD #1884246, Registered Principal, Lutz, Florida) 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 principal…

Fraud, Theft and Forgery FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. November, 2011: Cheryl Ann McMahon (CRD #3009145, Registered Representative, Indianapolis, Indiana) submitted a Letter of Acceptance, Waiver and Consent in which she was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, McMahon consented to…

Private Placement Fraud and Selling Away FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. November, 2011: John Michael Leonard (CRD #2254243, Registered Representative, Chicago, Illinois) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $25,000 and suspended from association with any FINRA member in any capacity for two years. The…

Theft, Fraud, Misrepresentation and Negligent Supervision FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. November, 2011: Gary Harrison Lane (CRD #713745, Registered Representative, Reno, Nevada) 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, Lane…

Unsuitable Recommendation and Negligent Supervision FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. November, 2011: Steven Krasner aka Steven Zarkhin (CRD #4541263, Registered Representative, Copiague Harbor, New York) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $10,000, ordered to disgorge $18,126.81, payable as partial restitution, to a customer and…