Stockbrokers In The News - Law Offices of Robert Wayne Pearce

Sep 30, 2015

Port Richey, Florida Transamerica and Invest Financial Representative Fined and Suspended

Garyn Angel of Port Richey, Florida submitted a Letter of Acceptance, Waiver and Consent (AWC) to the Department of Enforcement of the Financial Industry Regulatory Authority (FINRA) for allegedly engaging in private securities transactions without his firm’s written approval. From February 1999 through March 2009 Angel was registered through FINRA member Transamerica Financial Advisors, Inc. (Transamerica). On March 21, 2009, Invest Financial Corporation (Invest Financial) filed a Form U4 for Angel to commence his association with Invest Financial. In February 2013, Invest filed a Form U5 terminating Angel due to a customer complaint filed in January 2013.

Sep 25, 2015

Hollywood, Florida Wells Fargo Representative Barred for Converting Client Funds

Alejandro Torres of Hollywood, Florida submitted a Letter of Acceptance Waiver and Consent (AWC) to The Department of Enforcement of the Financial Industry Regulatory Authority for allegedly converting client funds, engaging in unapproved outside business activities and submitting material false information on a questionnaire to his broker dealer. Torres entered the securities industry in 2009 and has been associated with several FINRA-regulated broker-dealers since. In January 2013, Torres became associated with FINRA-regulated broker-dealer Wells Fargo Advisors, LLC (Wells Fargo) as a registered representative. On January 17, 2014 Torres was terminated as Wells Fargo filed a Uniform Termination notice for Securities Industry Registration (Form U5).

Sep 23, 2015

Huntington Investment Representative Barred for Misappropriating Client Funds

Bryan Carnahan of Gahanna, Ohio submitted a Letter of Acceptance, Waiver and Consent (AWC) to The Department of Enforcement of the Financial Industry Regulatory Authority (FINRA) for allegedly misappropriating and converting client funds for which he later used for his own personal use. Carnahan first became registered in the securities industry as an Investment Company Products/Variable Contracts Representative through a FINRA-registered firm in August 1998. In December 1998, Carnahan became registered though The Huntington Investment Company (Huntington) and remained there until his termination in March 2015.

Sep 21, 2015

B.B. Graham & Company General Sales Representative Barred by FINRA

Thomas Hogle of Houston, Texas submitted a Letter of Acceptance, Waiver and Consent (AWC) to the Department of Enforcement of the Financial Industry Regulatory Authority (FINRA) for allegedly failing to provide documents and information requested by FINRA in connection to an investigation claiming unsuitable investment recommendations. Hogle entered the securities when he became associated with a FINRA member in 1988 as a General Sales Representative. In October 2011, Hogle joined B.B. Graham & Company, Inc. (B.B. Graham) and became registered as a General Sales Representative.

Sep 18, 2015

Former Edward Jones Representative Barred for Converting Client Funds

Adam Bollinger of Chandler, Arizona submitted a Letter of Acceptance, Waiver and Consent (AWC) to The Department of Enforcement of the Financial Industry Regulatory Authority for allegedly converting client funds for his own personal use. Bollinger became registered through a FINRA member firm in August 2012. From August 2012 through December 2014, Bollinger was registered with Edward D. Jones & Co., L.P. (Edward Jones) as a General Securities Representative. On December 23, 2014 his registration was terminated as a result of his alleged actions. FINRA found, between February and December 2014, Bollinger converted $17,525 from seven individuals, six of whom were Edward Jones clients. FINRA alleged that Bollinger, sometimes under the guise of soliciting charitable contributions, requested individuals make out checks payable to him. Instead of using charitable contributions to his claimed cause, Bollinger allegedly converted and used the monies for his own personal use.

Sep 16, 2015

Tallahassee Florida Edward Jones Representative Barred for Misusing Customer Funds

William Hardy of Tallahassee, Florida submitted a Letter of Acceptance, Waiver and Consent (AWC) to The Department of Enforcement of the Financial Industry Regulatory Authority (FINRA) for allegedly misusing customer insurance premium funds. Hardy became registered in December 1985 and in 2002 became registered with NYLife Securities LLC (NYLife). Hardy was terminated from NYLife on March 12, 2014. FINRA found that from May 5, 2013 through July 17, 2013, while still associated with NYLife, Hardy misused customer insurance premium funds causing the clients policies to lapse.

Sep 14, 2015

Wells Fargo Representative Suspended for Unauthorized Trades

William Campbell of Florence, South Carolina submitted a Letter of Acceptance, Waiver and Consent (AWC) to The Department of Enforcement of the Financial Industry Regulatory Authority (FINRA) for allegedly making several trades for clients without written authorization. Campbell entered the securities industry in 2012 when he became associated with FINRA Member Frim Wells Fargo Advisors, LLC (Wells Fargo) and within a year became a General Securities Representative (GSR). On July 17, 2014 Wells Fargo filed a Uniform Termination Notice for Securities Industry Registration (Form U5) terminating Campbell’s registration.

Sep 11, 2015

New York Chase Investment Services Corporation Representative Suspended for Falsifying Signatures

Andres Rubert of New York submitted a Letter of Acceptance, Waiver and Consent (AWC) to the Department of Enforcement of the Financial Industry Regulatory Authority (FINRA) for allegedly falsifying several client signatures. Rubert entered the securities industry in 2006 and became associated with a FINRA-member firm. Between June 2010 and March 2012, Rubert was registered with Chase Investment Services Corporation (CISC).

Aug 28, 2015

SAI Representative Suspended and Fined for Outside Business Activities

Glen Woodward of White Bluff, Tennessee, submitted a Letter of Acceptance, Waiver and Consent (AWC) to the Department of Enforcement for the Financial Industry Regulatory Authority (FINRA) for allegedly engaging in outside business activities without his firm’s approval.

Aug 26, 2015

J.P. Morgan Securities Broker Barred for Conversion of Customer Funds

Michael Zheng of New York, submitted a Letter of Acceptance, Waiver and Consent (AWC) to the Department of Enforcement of the Financial Industry Regulatory Authority (FINRA) for allegedly converting funds of a J.P. Morgan Chase customer for his own personal use.