Articles Posted in FINRA Enforcement Actions 2012

Broker/Dealer and Investment Advisor Fraud and Mirepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. March, 2012: Sergio M. Ripamonti (CRD #2786045, Registered Representative, Sunny Isles Beach, 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…

Account Executive and Broker/Dealer Fraud and Misrepresentation Attorney, Russell L. Forkey, Esq. March, 2012: Leonel Ramirez (CRD #5599833, Registered Principal, New Britain, Connecticut) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Ramirez failed to respond in a timely manner to FINRA requests for information and documents.…

Theft and Conversion of Funds, Fraud and Misrepresentation Attorney, Russell L. Forkey, Esq. March, 2012: Vicki Lee Perchinske (CRD #2628617, Registered Representative, Canton, Ohio) was fined $430,420.71, representing the total amount of ill-gotten gain she derived from her conversion of customer funds, and barred from association with any FINRA member in any capacity. The sanctions…

Broker/Dealer and Investment Advisor Fraud and Misrepresentation Attorney, Russell L. Forkey, Esq. March, 2012: Richard Anthony Neaton (CRD #2585328, Registered Representative, Port Charlotte, Florida) was barred from association with any FINRA member in any capacity. The SEC imposed the sanction following an order denying Motion for Reconsideration of an SEC opinion issued for an appeal of…

Theft, Selling Away and Outside Business Activity FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. March, 2012: John R. Montague (CRD #1466653, Registered Representative, Mantua, New Jersey) was barred from association with any FINRA member in any capacity and ordered to pay $163,000, plus interest, in restitution to customers. The sanctions were based on…

Broker/Dealer and Investment Advisor Unauthorized Outside Business Activity and Selling Away FINRA Arbitration and Litigation Lawyer, Russell L. Forkey, Esq. March, 2012: Scott David Mason (CRD #3270983, Registered Principal, Debary, Florida) submitted an Offer of Settlement in which he was suspended from association with any FINRA member in any capacity for 18 months and required to…

Broker/Dealer and Investment Advisor Unauthorized Outside Business Activity and Selling Away FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. March, 2012: Bruce Libman (CRD #1859821, Registered Representative, Melville, New York) submitted an Offer of Settlement in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the…

Theft, Fraud and Misrepresentation FINRA Arbitration and Litigation Lawyer, Russell L. Forkey, Esq. March, 2012: Vladimir Khosid (CRD #5603183, Registered Representative, San Francisco, California) 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, Khosid consented to the described sanction…

Unsuitable Investment FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. March, 2012: Erick Enrique Isaac (CRD #5691821, Registered Representative, Aventura, 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, Isaac consented to the described sanction…

Broker/Dealer and Investment Advisor Negligent Supervision, Selling Away and Outside Business Activity FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. March, 2012: Marsha Ann Hill (CRD #4197899, Registered Principal, Halstead, Kansas) submitted an Offer of Settlement in which she was fined $20,000 and suspended from association with any FINRA member in any capacity for one…