fbpx

Type of Claim

Matthew Singer, former Morgan Stanley Broker, Barred by FINRA for Alleged Failure to Cooperate with Investigation into Possible Unsuitable Options Trading

On March 27, 2018, FINRA announced it barred securities broker Matthew Singer 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 Matthew Singer for declining to provide sworn testimony in

Read More »

Michael Giokas, former Fortune Financial Services, Inc. Stockbroker, Barred for Failure to Cooperate with Investigation into Fraud Charges

Update: Michael Giokas pleads guilty to wire fraud. On March 23, 2018, FINRA announced it barred securities broker Michael Giokas 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 Michael

Read More »

Sanders Spangler, former LPL Financial LLC Stockbroker, Barred from Securities Industry for Failing to Cooperate with FINRA’s Investigation into Alleged Unauthorized Trading

According to public records, FINRA barred former broker Sanders Spangler from the securities industry on March 26, 2018.  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 Sanders Spangler because he declined to give sworn testimony regarding

Read More »

Investors in Alaska Financial Company III may have options to recover losses following the fund operators settling SEC fraud charges.

On March 22, 2018, the Securities and Exchange Commission (“SEC”) announced it settled fraud charges against the operators of the Alaska Financial Company III, LLC (“AFC III”) real estate fund that was allegedly used to bilk millions of dollars from investors. AFC III is operated by Tobias Preston, his brother, Charles Preston, and his son,

Read More »

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

Read More »

Michael Androulakis, Stockbroker at Alexander Capital, Suspended for Alleged Unsuitable Leveraged ETF Recommendations to Seniors

According to public records, on March 20, 2018, FINRA suspended stockbroker Michael Scott Androulakis from associating with any FINRA member firms for three months.  FINRA (Financial Industry Regulatory Authority, Inc.) registers and regulates stockbrokers and brokerage firms. FINRA announced the sanction in its Letter of Acceptance, Waiver and Consent (AWC).  The AWC alleges Michael Androulakis

Read More »

Investors Recommended iHeart Stocks or Bonds by Financial Advisors May Have Recovery Options for Losses

On March 14, 2018, radio station giant iHeartMedia, Inc. filed for Chapter 11 bankruptcy to seek protection from its debt holders.  This follows a year-long negotiation with its private equity owners and investors holding more than $10 billion of iHeart’s debt. iHeart, the largest US radio station operator, has 850 stations with over 260 million

Read More »

Martin Earl Brooks Suspended for Alleged Unauthorized Purchases of Real Estate Investments in Customers’ Accounts

On March 16, 2018, FINRA fined Martin Earl Brooks $5,000 and suspended him from associating with firms registered with FINRA for fifteen days.  FINRA (Financial Industry Regulatory Authority, Inc.) registers and regulates stock brokers and brokerage firms. FINRA announced the sanctions in its Letter of Acceptance, Waiver and Consent (AWC).  The AWC states Brooks allegedly

Read More »

JoeAnn Walker (JoAnne Mitchell), Former Next Financial and LPL Financial Broker, Barred by FINRA from Associating with Securities Firms

On March 13, 2018, FINRA barred JoeAnn Walker from associating with any FINRA member firms as of December 12, 2017.  FINRA (Financial Industry Regulatory Authority, Inc.) registers and regulates stock brokers and brokerage firms. FINRA stated in a Letter of Acceptance, Waiver and Consent (“AWC”) that JoeAnn Walker was barred for allegedly failing to produce

Read More »

Share Page

Share on twitter
Share on facebook
Share on linkedin
Share on email
Share on print

Search MarquardtLawOffice.com

Search Posts by Category

Send message to set up free consultation.

Recent Posts

Scroll to Top