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Broker Theft

Stacy E. Cheney-Jamison, Ex-CUNA and IFS Broker, Accused of Theft by Investors

Update: On June 19, 2018, the Securities and Exchange Commission (SEC) filed charges against Christopher Parris and United RL Capital Services, as well as four other individuals and Percipience Global Corporation and First Nationale Solution, accusing them of being involved in a massive Ponzi scheme bilking 637 investors out of $102 million. On May 8,

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Vaughn Lee Andrews-McKay, Ex-Pruco Securities Broker, Barred for Alleged Theft from Clients

On May 9, 2018, FINRA announced that it barred securities broker Vaughn Lee Andrews-McKay from associating with firms registered with FINRA.  FINRA (Financial Industry Regulatory Authority, Inc.) registers and regulates securities brokers and brokerage firms. In a Letter of Acceptance, Waiver and Consent (AWC), FINRA stated it barred Andrews-McKay after finding he converted funds from

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Paul W. Smith, Ex-Bolton Global broker, Sentenced to Five Years for Ponzi Scheme

On May 4, 2018, the Securities and Exchange Commission (SEC) announced that Paul W. Smith was sentenced to 63 months imprisonment followed by one year of supervised release and ordered to pay $886,214 in restitution.  Smith was sentenced in criminal charges filed against him by the U.S. Attorney’s Office for the Eastern District of Pennsylvania. The

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Marcus Duane Parker, former Wells Fargo broker, Barred During Investigation into Possible Theft

On February 16, 2018, FINRA announced that it barred securities broker Marcus Duane Parker from associating with firms registered with FINRA.  FINRA (Financial Industry Regulatory Authority, Inc.) registers and regulates securities brokers and brokerage firms. In a Letter of Acceptance, Waiver and Consent (AWC), FINRA stated it barred Parker when he failed to respond to

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Sonya Camarco Customers Still Have Claims to Recover Loses from the Ex-Broker

Between August 2017 and December 2017, six FINRA arbitration claims were filed against the former Colorado based broker Sonya Camarco alleging misrepresentations of a trust or misappropriations of customer funds, according to Financial Regulatory Authority, Inc. (FINRA) records. In October and December two of the claims settled, with at least one for 100% of claimed

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James Knee, Ex-Voya and Ameriprise Broker, Indicted on Theft and Fraud Charges

Update: James Knee barred from securities industry. On April 27, 2018, a grand jury in Merrimack County, New Hampshire returned an 11-count indictment against James Knee.  The indictment follows New Hampshire Department of Justice filing charges against Knee that include theft by deception, financial exploitation of the elderly, and investment advisor fraud. Knee was also

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Daniel Glick, ex-Broker and Investment Advisor, Sentenced to More Than 12 Years for Stealing $5.2 Million from Clients

On April 17, 2018, the U.S. District Court for the Northern District of Illinois entered a judgement against Glick in the Securities and Exchange Commission’s civil action against him alleging fraud. That same day, the U.S. Attorney’s Office for the Northern District of Illinois announced that Daniel Glick was sentenced to more than 12 years

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Laura Shean, Former LPL Broker, Barred from Securities Industry for Allegedly Stealing Client Funds

On April 3, 2018, FINRA barred Laura Shean from associating with firms registered with FINRA after finding she stole $124,000 from her client.  FINRA (Financial Industry Regulatory Authority, Inc.) registers and regulates securities brokers and brokerage firms. FINRA announced Shean’s bar in a Letter of Acceptance, Waiver and Consent (AWC).  The AWC states “on six

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Americrude Inc. Oil-and-Gas Securities and Three of Its Executives Charged with Defrauding Investors

On March 19, 2018, the Securities and Exchange Commission (SEC) announced it recently charged oil-and-gas company Americrude, Inc. and three of its executives with defrauding investors. The SEC charged in its complaint filed in the Northern District of Texas federal district court that Americrude’s CEO and president used cold calls and high-pressured sales pitches to inappropriately

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Former Merrill Lynch Broker, Christopher Hibbard, Fired and Supsended After Investor Accused Him of Theft

On February 7, 2018, FINRA suspended Christopher Lee Hibbard due his alleged failure to cooperate with FINRA’s investigation into accusations he stole from an investor client.  FINRA (Financial Industry Regulatory Authority, Inc.) registers and regulates security brokers and brokerage firms. Merrill Lynch had previously reported to FINRA on January 8, 2018 that it fired Hibbard

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