Clinton Township, Michigan, based Ameriprise Financial Services broker Paul Demark received a two-month suspension in addition to a $7,500 fine at the hands of the financial Industry Regulatory Authority (FINRA). According to the letter of settlement, the FINRA action was initiated on the basis of the U5 filing. Record of Paul C. Demark DeMark is […]
Ameriprise Advisor Paul Demark SUSPENDED Read More »
Patrick Egan, a Western International Securities (WIS) certified financial planner (CFP), has been suspended by The Certified Financial Planner Board of Standards Inc., the professional body for personal financial planners in the U.S. the two key responsibilities of which are administering the CFP certification and setting standards for financial planning. Action against Patric Egan It
Patrick Egan, Western International Securities (WIS), Suspended By CFP Board Read More »
Robert Louis Cirillo, 61, based in Chino Hills, formerly a stockbroker, has pleaded guilty to the deception of over a hundred victims and running an investment fraud scheme amounting to $3.2 million. This was recently revealed by the U.S. Department of Justice (DOJ) who, in a news release, also mentioned that the money he collected
Robert Cirillo Pleads Guilty to Investment Fraud Schemes Read More »
A FINRA arbitration claim (similar to a lawsuit)Â has been filed under the process made available by the Financial Industry Regulatory Authority (FINRA) for such cases. The claim filed by a couple in Ozark, Missouri who is in their nineties and eighties is against Center Street Securities and names one of their brokers, Joseph LaTour,
Recently many customers of Newbridge Securities Corp. have filed Financial Industry Regulatory Authority (FINRA) arbitration claims for recovery of investment losses against it and named several of its financial advisors in their claims. In all, over thirty regulatory cases have been filed against the firm. The settlements, fines and arbitration awards put together have already
Newbridge Securities Corp. Complaints Rise Due to GWG L Bonds Read More »