Articles Posted in FINRA Enforcement Actions 2012

Broker/Dealer and Investment Advisor Negligent Supervision FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. March, 2012: Jacobo Gomez-Gutierrez (CRD #5343100, Registered Representative, Santa Catarina, Mexico) 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 one year. The fine must…

Account Executive and Stock Broker Fraud, Misrepresentation and Misrepresentation FINRA Arbitration and Litigation Lawyer, Russell L. Forkey, Esq. March, 2012: Harry Friedman (CRD #2548017, Registered Principal, Woodmere, 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 allegations, Friedman consented…

Registered Representative and Account Executive Fraud, Misrepresentation and Mismanagement FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. March, 2012: Jun “Jennifer” Feng (CRD #4697641, Registered Representative, Saratoga, California) 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…

Unauthorized Borrowing of Funds From Clients FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. March, 2012: Felix Elbert Deacon III (CRD #2408954, Registered Representative, Richmond, Virginia) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $10,000 and suspended from association with any FINRA member in any capacity for six months.…

Unauthorized Borrowing of Funds From Customers FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. March, 2012: Jason William Chicosky (CRD #4643473, Registered Representative, Huntsville, 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, Chicosky…

Private Securities Transactions and Selling Away FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. March, 2012: Mark Jason Carpenter (CRD #4506491, Registered Representative, Ann Arbor, Michigan) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Carpenter failed to respond to FINRA requests for information and…

Registered Representative and Account Executive Fraud, Mismagamement and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. March, 2012: Philip Mark Cain (CRD #2703720, Registered Representative, Corona de Tucson, Arizona) was barred from association with any FINRA member in any capacity. FINRA did not order restitution because Cain’s member firm repaid his customers in…

Outside Business and Selling Away Misrepresentation and Fraud FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. March, 2012: Beccah Leigh Boman (CRD #1413701, Registered Supervisor, North Oaks, Minnesota) submitted a Letter of Acceptance, Waiver and Consent in which she was fined $5,000, suspended from association with any FINRA member in any capacity for four months…

Account Executive and Registered Representative Theft and Unauthorized Trading FINRA Arbitration and Litigation Lawyer, Russell L. Forkey, Esq. March, 2012: Tammy Lyn Bohnert (CRD #2671147, Registered Representative, Frohna, Missouri) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Bohnert failed to respond to FINRA requests for information.…

Registered Representative and Account Executive Fraud, Misrepresentation and Mismanagement FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. March, 2012: Francis Xavier Bice (CRD #3016365, Registered Representative, Manhasset, New York) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $10,000 and suspended from association with any FINRA member in any capacity for…