FINRA Enforcement Actions – December, 2010

FINRA Arbitration and Litigation Fraud, Mismanagement, Unsuitability, Negligent Supervision and Selling Away Attorney Attorney, Russell L. Forkey, Esq.

December, 2010:

Periodically, the Financial Industry Regulatory Authority, Inc. (FINRA) publically announces, on its website, enforcement actions that have either recently been settled by or commenced against broker/dealers and/or associated persons.

We review these settlements and filed actions each month and provide a brief description of those matters which we believe will be of interest to investors.

Please keep in mind that the complaints issued by FINRA represents FINRA’s initiation of a formal proceeding in which findings as to the allegations in the complaint have not been made, and does not represent a decision as to any of the allegations contained in the complaint. Because these complaints have not yet been adjudicated, you may wish to contact the respondents before drawing any conclusions regarding the allegations in the complaint.

December, 2010:

Fox Financial Management Corporation (CRD® #134277, Carrollton, Texas) and James Edward Rooney Jr. (CRD #1857754, Registered Principal, Carrollton, Texas) submitted an Offer of Settlement in which the firm was censured and fined $40,000, and Rooney was fined $20,000 and suspended from association with any FINRA member in any principal capacity for 15 business days. Read More.

December, 2010:

Global Strategic Investments, LLC (CRD #117028, Miami, Florida) and Cesar Gabriel Hernandez (CRD #3249722, Registered Principal, Miami, Florida) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $150,000. Read More.

December, 2010:

Robert Anthony Cataldo (CRD #1056971, Registered Rep., Lexington, Massachusetts) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Read More.

December, 2010:

Dante Thomas Garcia DeMiro (CRD #2674582, Registered Principal, Milford, Michigan) 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 nine months. Read More.

December, 2010:

Tyler McKittrick Eddy (CRD #4148945, Registered Rep., New York, New York) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $200,000 and suspended from association with any FINRA member in any capacity for one month. Read More.

December, 2010:

Yisrael Binyamin Goldstein (CRD #2983230, Registered Principal, Spring Valley, New York) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Read More.

December, 2010:

Norman Lee Kearney Jr. (CRD #1665504, Registered Rep., Portland, Oregon) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Read More.

December, 2010:

Ronald Laverne Kersey (CRD #2392393, Registered Rep., Lawrenceville, Georgia) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $24,500, which includes disgorgement of commissions, and suspended from association with any FINRA member in any capacity for three months. Read More.

December, 2010:

Shawn Patrick Koerner (CRD #2183243, Registered Rep., Wautoma, Wisconsin) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Read More.

December, 2010:

Li Kopp aka Sabrina Kopp, Li Guo, and Sabrina Guo (CRD #5096198, Registered Principal, Beijing, China) submitted a Letter of Acceptance, Waiver and Consent in which she was fined $7,500 and suspended from association with any FINRA member in any capacity for six months. Read More.

December, 2010:

Bernard Robert Markowitz (CRD #2414854, Registered Principal, Palm Harbor, Florida) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Read More.

December, 2010:

Mark Wayne Mills (CRD #1277647, Registered Principal, Carmel, Indiana) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Read More.

December, 2010:

David Gustav Much (CRD #4095088, Registered Rep., Los Angeles, California) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $25,000 and suspended from association with any FINRA member in any capacity for five months. Read More.

December, 2010:

Jason Michael Mutascio (CRD #4156832, Registered Rep., Aventura, Florida) submitted an Offer of Settlement in which he was barred from association with any FINRA member in any capacity. Read More.