Articles Posted in FINRA Enforcement Actions 2012

Theft and Forgery FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. January, 2012: Jan D. Narrine (CRD #5738183, Associated Person, Winter Garden, Florida) 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, Narrine consented to…

Stock Broker Misrepresentation and Fraud FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. January, 2012: Susan Lynn Morris (CRD #1072185, Registered Principal, Wylie, Texas) 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, Morris consented…

Stock Broker Fraud, Misrepresentation and Mismanagement FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. January, 2012: Theora McMillan (CRD #5779512, Associated Person, Apex, North Carolina) 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, McMillan…

Private Placement Fraud and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. January, 2012: Michael Adam Lichtenstein (CRD #2439244, Registered Representative, Boca Raton, Florida) 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 24 months. The…

Improper Borrowing of Funds From Client by FINRA Licensed Account Executive, FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. January 2012: Bruce Benjamin Katz (CRD #1234370, Registered Representative, Melville, New York) submitted an Offer of Settlement in which he was suspended from association with any FINRA member in any capacity for 18 months. In…

Stock Broker Fraud, Theft and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. January, 2012: Andrew Vincent Kardish II (CRD #2893973, Registered Supervisor, San Juan Capistrano, 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…

Variable Annuity Unsuitably FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. January, 2012: Dennis Stanley Kaminski (CRD #1013459, Registered Principal, Wellington, Florida) was fined $50,000, suspended from association with any FINRA member in any capacity for 18 months and required to requalify before acting in any capacity requiring qualification. The Securities and Exchange Commission…

Unapproved Outside Business and Selling Away FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. January, 2012: Stephen Johnathan Hoshimi (CRD #1977772, Registered Principal, Pacific Palisades, California) submitted a Letter of Acceptance, Waiver and Consent in which he was suspended from association with any FINRA member in any capacity for six months. In light of…

Stock Broker Fraud and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. January, 2012: Stephen Elliot Hill (CRD #2202940, Registered Representative, Upper Saddle River, New Jersey) 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…

Outside Business and Selling Away FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. January, 2012: Roger William Hayes (CRD #240582, Rep. Representative, Vergennes, Vermont) 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, Hayes consented…