The U.S. Securities and Exchange Commission has recently sued a Utah man for fraudulently misusing $139 million of investor funds. According to a lawsuit filed in federal court in Salt Lake City, Travis Wright misappropriated all but $6 million of the $145 million he raised from about 175 investors between 2001 and 2009 by [...]
FINRA recently announced that Christopher William Shanahan, a former financial advisor in Westlake, Ohio, has been barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Shanahan consented to the described sanction and to the entry of findings that he misappropriated more than $30,000 from his member firm. [...]
FINRA recently announced that Daniel Glenn Carlen, formerly a registered representative for Slavic Investment Corporation in Boca Raton, Florida, has been barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Carlen consented to the described sanctions and to the entry of findings that he was associated with [...]
The Financial Industry Regulatory Authority (FINRA) recently announced that it has permanently barred Ponte Vedra Beach, FL, registered representative Michael J. DiMare, formerly registered with ING Financial Partners, Inc., from the securities industry for misappropriating over $1.9 million in client funds – while making false statements and sending falsified account statements and other documents statements [...]
FINRA recently announced that Thailia Alisa Tucker, a former financial advisor for Wachovia Securities, LLC in Miami , Florida , has been barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Tucker consented to the described sanction and to the entry of findings that she misappropriated approximately [...]
Broker Targeted Accounts of Elderly and Vulnerable Clients; Citigroup Has Paid Restitution to Customers
The Financial Industry Regulatory Authority (FINRA) recently announced that it has barred Tamara Lanz Moon of Redwood City , CA , from the securities industry for wrongfully taking over $850,000 in funds from at least 22 customers, including her own father. [...]