Articles Posted in FINRA Enforcement Actions 2011

Conversion, Theft and Misappropriation FINRA Arbitration and Litigation Lawyer, Russell L. Forkey, Esq. September, 2011: Lazaro E. Salado (CRD #2899323, Registered Representative, Miami, Florida) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Salado misappropriated $186,114.28 from customers by causing his member firm to issue checks…

Conversion and Theft FINRA Arbitration and Litigation Lawyer, Russell L. Forkey, Esq. September, 2011: John Thomas Pappas (CRD #4240283, Registered Representative, Helena, 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, Pappas consented to the described…

Theft and Fraud FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. September, 2011: Victoria Elizabeth McGee-Harris (CRD #1183259, Registered Representative, St. Louis, Missouri) 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, McGee-Harris consented to…

Fix and Variable Annuity Unsuitable and Unnecessary Switch (Exchange) FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. September, 2011: Charles William Kromer Jr. (CRD #1068867, Registered Rep., Cincinnati, Ohio) 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,…

Variable and Fixed Annuity Unsuitable and Unnecessary Switch (Exchange) FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. September, 2011: Jan David Henderson (CRD #2401845, Registered Rep., Midway, Utah) 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…

Theft and Negligent Supervision FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. September, 2011: Larry Richard Gregory (CRD #2308559, Registered Representative, Norfolk, Virginia) 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, Gregory consented to…

Negligent Supervision and Unauthorized Trade FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. September, 2011: Bradford Keith Dent (CRD #1588966, Registered Principal, Cordova, Tennessee) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Dent suffered a series of losses from trading in his member firm’s…

Negligent Supervision and Theft FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. September, 2011: Matthew Crump (CRD #1924664, Registered Principal, Houston, Texas) 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, Crump consented to the…

FINRA Negligent Supervision and Theft Arbitration and Litigation Attorney, Russell L. Forkey, Esq. September, 2011: Timothy Charles Cross (CRD #1452750, Registered Principal, Washougal, Washington) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $10,000, suspended from association with any FINRA member in any principal or supervisory capacity for six months, and…

FINRA Unsuitable Transaction and Negligent Supervision Arbitration Attorney, Russell L. Forkey, Esq. September, 2011: Ronald Dean Clark (CRD #1086724, Registered Representative, Tampa, 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 capacity for 15 business days. Without admitting or…