Articles Posted in FINRA Enforcement Actions 2012

Stock Broker Misconduct, Borrowing of Money from Customer, FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. January, 2012: Toni Leynett Bowen (CRD #4021430, Registered Representative, Lubbock, Texas) submitted a Letter of Acceptance, Waiver and Consent in which she was suspended from association with any FINRA member in any capacity for 10 business days. In…

Private Placement and Direct Investments, Negligent Supervision of Account Executives FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. January, 2012: Phillip Peter Borup (CRD #4446376, Registered Principal, Cameron Park, California) submitted an Offer of Settlement in which he was fined $15,000 and suspended from association with any FINRA member in any principal capacity for…

Stock Broker Fraud and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. January, 2012: Ricardo Blanco (CRD #1793188, Registered Representative, Key Biscayne, 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, Blanco consented…

Outside Business and Selling Away FINRA Arbitration and Litigations Attorney, Russell L. Forkey, Esq. January, 2012: James Joseph Ahmann (CRD #2983399, Reg. Representative, Bloomingdale, Illinois) 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, Ahmann consented…

Stock Broker Misconduct, Fraud, Misrepresentation and Breach of Fiduciary Duty FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. January, 2012: Park Avenue Securities LLC (CRD #46173, New York, New York) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $175,000. Without admitting or denying the findings, the…

Stock Broker Fraud, Mismanagement and Misrepresentation FINRA Arbitration and Litigation Lawyer, Russell L. Forkey, Esq. January, 2012: Darrell Eugene Fox (CRD #1360248, Registered Representative, Lima, Ohio) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Fox failed to provide documents and information requested by FINRA. (FINRA…

Hedge Fund Oversight and Lack of Due Diligence FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. January, 2012: Credit Suisse Securities (USA) LLC (CRD #816, New York, New York) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $350,000. Without admitting or denying the findings, the firm…

Selling Away and Outside Business Activity Fraud and Misrespresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. January, 2012: Askar Corp. (CRD #7512, Bloomington, Minnesota) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $12,500. Without admitting or denying the findings, the firm consented to the described…

Stock Broker Fraud, Breach of Fiduciary Duty, Misrepresentation and Negligent Supervision FINRA Arbitration and Litigation Lawyer Russell L. Forkey, Esq. January, 2012: AOS, Inc. dba TradingBlock (CRD #128605, Chicago, Illinois) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured, fined $15,000 and ordered to pay $41,593.23, plus interest, in restitution…

Stock Broker Fraud and Negligent Supervision FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. January, 2012: Hantz Financial Services, Inc. (CRD #46047, Southfield, Michigan) and Bruce Frederick Coleman (CRD #50684, Registered Principal, Ann Arbor, Michigan) submitted a Letter of Acceptance, Waiver and Consent in which the firm and Coleman were censured and fined $10,000,…