Articles Posted in FINRA Enforcement Actions 2012

Broker/Dealer and Account Executive Fraud, Misrepresentation and Mismanagement FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. January, 2012: William Slay Stevens (CRD #2889238, Registered Representative, Montgomery, 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…

Broker/Dealer and Account Executive Fraud and Misrepresentation Lawyer, Russell L. Forkey, Esq. January, 2012: Elva Luz Solis (CRD #5527297, Registered Representative, Dodge City, Kansas) 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, Solis consented to…

FINRA Arbitration Customer Theft and Fraud Attorney, Russell L. Forkey, Esq. August, 2011: Joseph James Sciarra Jr. (CRD #1576322, Registered Principal, Wellington, Florida) was named as a respondent in a FINRA complaint alleging that he received a total of $393,935 from a member firm customer for investment purposes, endorsed the checks and either cashed them…

Trade Allocation Fraud and Misrepresentation FINRA Arbitration and Litigation Lawyer, Russell L. Forkey, Esq. January, 2012: Ronnie Charles Saliba (CRD #2625194, Registered Supervisor, Old Westbury, New York) 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. Without admitting or…

Fraud, Churning and Unsuitable Recommendation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. January, 2012: Charles Bacon Rowley III (CRD #842096, Registered Principal, Waltham, Massachusetts) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $5,000, suspended from association with any FINRA member in any capacity for six months, and ordered…

Stock Broker Misrepresentation, Fraud and Mismanagement FINRA Arbitration and Litigation Lawyer, Russell L. Forkey, Esq. January, 2012: Ronald Sherman Ross Jr. (CRD #2796527, Registered Representative, Janesville, Wisconsin) 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,…

Private Placement Fraud and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. January, 2012: Timothy Roberts Redpath (CRD #728164, Registered Principal, Sausalito, California) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $50,000 and suspended from association with any FINRA member in any capacity for two years. The fine…

Broker/Dealer and Registered Representative Fraud, Mismanagement and Misrepresentation Lawyer, Russell L. Forkey, Esq. January, 2012: Robert Allen Pierce (CRD #363323, Registered Principal, Battle Ground, Washington) submitted a Letter of Acceptance, Waiver and Consent in which he was suspended from association with any FINRA member in any capacity for four months. In light of Pierce’s financial…

Stock Broker Fraud and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. January, 2012: Peter Martin Peterson (CRD #2825535, Registered Principal, Tampa Florida) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Peterson failed to respond to FINRA requests for documents. (FINRA Case #2009017968701).

Stock Broker Fraud, Misrepresentation and Mismanagement Attorney FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. January, 2012: Jonathan Clark Peterson (CRD #4199364, Registered Representative, Alpine, Utah) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $82,033, which included disgorgement of $82,033, representing proceeds from the sales of shares of a…