Articles Posted in FINRA Enforcement Actions 2011

Selling Away and Unapproved Outside Business Activity FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. November, 2011: Joel Arthur Hulke (CRD #2333013, Registered Representative, North Mankato, Minnesota) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Hulke failed to respond to FINRA requests for information…

Outside Business and Unsuitable Activity FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. November, 2011: Edgar Rhodes Hauser Jr. (CRD #723243, Registered Representative, Livingston, Alabama) 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, Hauser…

Preferred Stock Fraud and Misrepresentation FINRA Arbitration and Litigation Lawyer, Russell L. Forkey, Esq. November, 2011: Tom Douglas Hamsher (CRD #1708793, Registered Supervisor, Webb City, Missouri) 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, Hamsher…

Outside Business Activity and Unsuitable Investment FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. November, 2011: Frank A. Gutta aka Fazel A. Gutta (CRD #1705545, Registered Representative, Plantation, Florida) submitted a Letter of Acceptance, Waiver and Consent in which he was suspended from association with any FINRA member in any capacity for two years.…

Unauthorized Trading FINRA Arbitration and Litigation Lawyer, Russell L. Forkey, Esq. November, 2011: John William Grant (CRD #227512, Registered Principal, Escondido, 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, Grant consented to the described…

Unauthorized Customer Loans, Unapproved Outside Business Activities and Negligent Supervision FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. November, 2011: Donald Anthony Duarte Jr. (CRD #2879683, Registered Representative, La Puente, California) was barred from association with any FINRA member in any capacity and ordered to pay $25,000, plus interest, in restitution to a customer.…

Outside Business and Selling Away FINRA Arbitration and Litigation Lawyer, Russell L. Forkey, Esq. November, 2011: Corey Vernon Darling (CRD #4005873, Registered Representative, Anacortes, Washington) submitted a Letter of Acceptance, Waiver and Consent in which he was suspended from association with any FINRA member in any capacity for 18 months. In light of Darling’s financial…

Stock Fraud, Misrepresentation and Negligent Supervision FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. November, 2011: Jaime Xavier Coronado (CRD #4001702, Registered Representative, Friendswood, Texas) 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, Coronado consented to the…

FOREX Fraud, Misrepresentation and Negligent Supervision FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. November, 2011: Nathan Eugene Calhoun (CRD #716257, 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 findings,…

Common and Preferred Stock Fraud and Misrepresentation Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. November, 2011: Brian Wade Boppre (CRD #2778187, Registered Principal, Minot, North Dakota) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $10,000 and suspended from association with any FINRA member in any principal capacity for…