James D’Meo, formerly a registered representative with Kenneth Jerome & Co., agreed to accept a bar from the securities industry after refusing to appear for a follow-up on-the-record interview (“OTR”) with FINRA. On November 21, 2019, D’Meo signed a Letter of Acceptance, Waiver and Consent (“AWC”) agreeing to a bar without admitting or denying FINRA’s findings.
The Financial Industry Regulatory Authority Inc. (“FINRA”) recently suspended an independent broker for using his personal email and computer to communicate with clients in violation of industry rules.
A state appeals court decision in a Georgia case could make it harder for advisors looking to move to another firm to retain their clients.
Wells Fargo Advisors has filed a lawsuit against former broker, Robert D. Meyers and his son, Mathew Meyers in order to prevent them from contacting former customers in an effort to recruit them to their new registered investment adviser firm in Columbus, Ohio.
A FINRA arbitration panel has ordered Citizens Securities to pay a former broker nearly $1.7 million for misrepresenting to him that he would receive a $30 million book of business when he was recruited by the firm.
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Merrill Lynch has discharged a broker with $1.4 billion of client assets for improperly submitting personal expenses for reimbursement, resulting in management’s loss of confidence.
A FINRA arbitration panel has ordered an ex-broker from Sarasota, Florida named Donald Lee Watson, Jr. to pay Jeffrey Matthews Financial Group an amount of $260,000 for allegedly making false claims about his production levels when being recruited to join the firm.
After leaving Wells Fargo, the new Merrill Lynch broker soon faced allegations of misappropriation of Wachovia’s confidential documents and files. The plaintiff Wells Fargo asserted six causes of action against the broker as a result of his resignation and following employment with Merrill Lynch.
The Connecticut Department of Banking has alleged that former registered broker James Neilsen sold unregistered securities.
An Idaho broker pleaded guilty to wire fraud and to engaging in monetary transactions in property from illegal activity.
