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FINRA Suspends 20+ RepresentativesAccording to publicly available records published by the Financial Industry Regulatory Authority and accessed on June 18, 2018, more than two dozen brokers and/or investment advisers were reported in that month as suspended from association with FINRA member firms. The representatives listed have signed letters of Acceptance, Waiver and Consent (AWC Letters) consenting to FINRA’s sanctions, however, they have not admitted or denied the alleged underlying actions. Some have been suspended from operating in a principal capacity; some in all capacities; some in both. Additionally, certain sanctions may have lifted before or since FINRA’s report was published. The fines enumerated below may not represent the total monetary penalties paid by the individuals, some of whom were also ordered to pay disgorgement to affected investors. Additional information is available on FINRA’s disciplinary action homepage.

Name Current/Former Employers Length of Suspension Fines paid
Jeffery Allen Fanning Liberty Partners Financial Services 6 months (any capacity), then 12 months (principal capacity) $20,000
Richard Hunt Crockett Cova Capital Partners, Spencer Clark 2 months (principal capacity) $5,000
Bret Lee Niemuth Voya Financial Advisors 8 months $5,000
Thomas W. Hinson Wealthforge Securities 5 months n/a
Brent Van Lott Cetera Advisor Networks 4 months $20,000
Philip Marcus Winstead Commonwealth Financial Network 2 months $5,000
David W. Ingle Moors & Cabot 18 months $10,000
Wolf Alexander Popper JA Darbie & Company, Wolf A. Popper Inc. 30 days $5,000
Mason Wayne Gann Berthel Fisher & Company 20 days $5,000
Julie Rae Steinbauer AXA Advisors 18 months $5,000
Jonathan Russell Belden Merrill Lynch 60 days $10,000
Mina Alfred Mishrikey Deutsche Bank Securities 3 months $5,000
Peter Alan Svigel Jr. AXA Advisors 18 months $5,000
Richard Anthony McCollam National Planning Corporation 9 months $10,000
John Scot Galinsky First Dominion Capital Corporation 10 days $7,500
Arthur Meunier-Breitman Morgan Stanley & Company 2 years $20,000
Dung Thanh Nguyen Callaway Financial Services 2 months n/a
Walter Warren Parker Titan Securities 1 month $7,500
Denise Marie DeBlasio National Securities Corporation 4 months $10,000
Stephen Johnathan Hoshimi Crescent Securities Group 3 months $5,000
Kenneth Joseph Mathieson Laidlaw & Company 6 months $50,000
Ahmed Ghassan Gheith Paulson Investment Company 12 months $10,000
Kevin Stephen Fitzpatrick Stifel Nicolaus & Company 15 days $5,000
Richard Kyle Taylor PFS Investments 3 months $5,000
Don Wade Traywick Crown Capital Securities 3 months $5,000

 

Arthur Meunier-Breitman Morgan Stanley & Company 2 years $20,000
  Dung Thanh Nguyen Callaway Financial Services 2 months n/a
  Walter Warren Parker Titan Securities 1 month $7,500
  Denise Marie DeBlasio National Securities Corporation 4 months $10,000
  Stephen Johnathan Hoshimi Crescent Securities Group 3 months $5,000
  Kenneth Joseph Mathieson Laidlaw & Company 6 months $50,000
  Ahmed Ghassan Gheith Paulson Investment Company 12 months $10,000
  Kevin Stephen Fitzpatrick Stifel Nicolaus & Company 15 days $5,000
  Richard Kyle Taylor PFS Investments 3 months $5,000
  Don Wade Traywick Crown Capital Securities 3 months $5,000
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FINRA Bars 10+ RepresentativesAccording to publicly available records provided by the Financial Industry Regulatory Authority and accessed on June 18, 2018, FINRA reported more than ten brokers and/or investment advisers in that month as barred from association with member firms. The representatives listed below have signed Letters of Acceptance, Waiver and Consent (AWC Letters) consenting to these sanctions without admitting to or denying the alleged underlying actions. Additional information about each action is available on FINRA’s disciplinary actions homepage.

 

Name Current/Former Employers
Laura Ortega Shean LPL Financial
William George Brunner Investment Planners
Domingo Gonzalez Park Avenue Securities
Scott William Palmer Janney Montgomery Scott
Kevin James Lee Martin Nielson & Company
Tyler Harris Merrill Lynch
Ron Jason Ison Buckman Buckman & Reid
Steven Pagartanis Lombard Securities
Dallas Richardson York Wells Fargo Clearing Services
Richard Gomez Avenir Financial Group
Vincent Santoro State Farm VP Management Corporation
Craig Eugene Walker NYLife Securities

 

 

 

 

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George MathisPublic records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on June 16, 2018 indicate that Florida-based Raymond James & Associates broker/adviser George Mathis has been involved in several resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Mathis (CRD# 4271854).

George Mathis has spent 17 years in the securities industry and has been registered with Raymond James & Associates in The Villages, Florida since 2011. Previous registrations include Wells Fargo Advisors in The Villages, Florida (2008-2011) and AG Edwards & Sons in The Villages, Florida (2000-2008). He has passed two securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on December 6, 2000, and Series 7 (General Securities Representative Examination), which he obtained on November 8, 2000. He is a registered broker and investment adviser with 26 US states and territories.

According to his BrokerCheck report, he has received one customer complaint and one pending customer complaint, and he was discharged from one of his former employers in connection to alleged rule violations.

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Erven FrericksPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on June 16, 2018 indicate that former Missouri-based Royal Alliance Associates broker/adviser Erven Frericks Jr., who has received a pending customer dispute, was recently discharged from his former employer in connection to alleged rule violations and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Frericks (CRD# 706056).

Erven Frericks has spent 38 years in the securities industry and was most recently registered with Royal Alliance Associates in Chesterfield, Missouri (1997-2019). Previous registrations include Walnut Street Securities in El Segundo, California (1990-1997); American Capital Equities (1987-1990); FFP Securities (1985-1987); First Affiliated Securities (1980-1986); and FSC Securities Corporation (1980). He has passed three securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on March 28, 1980; Series 7 (General Securities Representative Examination), which he obtained on March 15, 1980; and Series 24 (General Securities Principal Examination), which he obtained on February 20, 1986. He is currently not registered with any state or firm.

According to his BrokerCheck report, he has received one pending customer complaint and was discharged from a former employer in connection to alleged rule violations.

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Earle TingleyPublicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on June 16, 2018 indicate that former Florida-based Wells Fargo Advisors Financial Network broker/adviser Earle Tingley, who has received a customer dispute, was recently terminated from his former employer in connection to alleged rule violations and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Tingley (CRD# 4444579).

Earle Tingley has spent 16 years in the securities industry and was most recently registered with Wells Fargo Advisors in Winter Haven, Florida (2014-2018). Previous registrations include Wells Fargo Advisors in Lakeland, Florida (2008-2014); AG Edwards & Sons in Winter Haven, Florida (2002-2008); and Wachovia Securities Financial Network in St. Louis, Missouri (2001-2002). He has passed three securities industry examinations: Series 66 (Uniform Combined State Law Examination), which he obtained on May 2, 2003; Series 3 (National Commodity Futures Examination), which he obtained on February 4, 2012; and Series 7 (General Securities Representative Examination), which he obtained on December 19, 2001. He is currently not registered with any state or firm.

According to his BrokerCheck report, he has received one customer complaint and one denied customer complaint, and he was recently discharged from his former employer in connection to alleged rule violations.

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Don TraywickPublic records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on June 16, 2018 indicate that Texas-based TCFG Wealth Management broker Don Traywick was recently sanctioned by FINRA in connection to alleged rule violations and suspended from acting as a broker. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Traywick (CRD# 2410109).

Don Traywick has spent 24 years in the securities industry and has been registered with TCFG Wealth Management in Missouri City, Texas since January 2017. Previous registrations include Grown Capital Securities in San Clemente, California (2000-2016); Linsco/Private Ledger Corporation in Boston, Massachusetts (1997-2000); First Allied Securities in San Diego, California (1995-1997); and Chatfield Dean & Company in Greenwood Village, Colorado (1993-1995). He has passed three securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on December 7, 1993; Series 7 (General Securities Representative Examination), which he obtained on December 1, 1993; and Series 24 (General Securities Principal Examination), which he obtained on August 23, 1997. He is a registered broker with ten US states: Arizona, California, Colorado, Kentucky, North Carolina, Ohio, Oregon, Pennsylvania, Tennessee, and Washington.

According to his BrokerCheck report, he has received one FINRA sanction and two customer complaints.

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Steven ReznikPublic records published by the Financial Industry Regulatory Authority (FINRA) and accessed on June 16, 2018 indicate that Florida-based Raymond James Financial Services broker/adviser Steven Reznik has received resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Reznik (CRD# 1067199).

Steven Reznik has spent 35 years in the securities industry and has been registered with Raymond James Financial Services in Tallahassee and Destin, Florida since 1989. Previous registrations include Pebsco Securities Corporation in Columbus, Ohio (1989-1992); Integrated Resources Equity Corporation (1988-1989); Dean Witter Reynolds (1983-1988); and Metropolitan Life Insurance Company (1982). He has passed five securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on June 29, 1987; Series 7 (General Securities Representative Examination), which he obtained on January 15, 1983; Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on November 18, 1982; Series 4 (Registered Options Principal Examination), which he obtained on August 10, 1992; and Series 24 (General Securities Principal Examination), which he obtained on September 26, 1990. He is a registered broker and investment adviser with 42 US states and territories.

According to his BrokerCheck report, he has received two customer complaints and one pending customer complaint.

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Douglas AlexanderPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on June 16, 2018 indicate that Virginia-based First Allied Securities broker/adviser Douglas Alexander has received a pending customer dispute. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Alexander (CRD# 2087736).

Douglas Alexander has spent 25 years in the securities industry and has been registered with First Allied Securities in Richmond, Virginia since 2010. Previous registrations include in Richmond, Virginia (2008-2010); AXA Advisors in Richmond, Virginia (2006-2008); Tower Square Securities in Richmond, Virginia (2005-2006); H. Beck in Bethesda, Maryland (1999-2005); Ascend Financial Services in St. Paul, Minnesota (1997-1999); EQ Financial Consultants in New York, New York (1993-1997); the Equitable Life Assurance Society of America in New York, New York (1993-1997); Tamaron Investments in Englewood, Colorado (1992); and First Investors Corporation in New York, New York (1990). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on September 25, 1998; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on August 26, 1992; Series 7 (General Securities Representative Examination), which he obtained on August 13, 1992; and Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on September 5, 1990. He is a registered broker and investment adviser with eight US states: Arizona, Florida, Maryland, Missouri, New York, North Carolina, South Carolina, and Virginia.

According to his BrokerCheck report, he has received one pending customer complaint.

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Michael RalstonPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on June 15, 2018 indicate that Michigan-based Fidelity Brokerage Services broker/adviser Michael Ralston is involved in a pending customer dispute. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Ralston (CRD# 2753784).

Michael Ralston has spent 21 years in the securities industry and has been registered with Fidelity Brokerage Services in Troy, Michigan since 2008. Previous registrations include UVEST Financial Services in Ann Arbor, Michigan (2008); IFMG Securities in Ann Arbor, Michigan (2006-2008); TCF Investments in New Baltimore, Michigan (2001-2006); MetLife Securities in Springfield, Massachusetts (1996-2001); and the Metropolitan Life Insurance Company in New York, New York (1996-2001). He has passed nine securities industry examinations: Series 66 (Uniform Combined State Law Examination), which he obtained on February 22, 2010; Series 65 (Uniform Investment Adviser Law Examination), which he obtained on July 27, 2005; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on August 2, 1996; Series 7 (General Securities Representative Examination), which he obtained on June 1, 2005; Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on August 2, 1996; Series 9 (General Securities Sales Supervisor – Options Module Examination), which he obtained on April 24, 2012; Series 10 (General Securities Sales Supervisor – General Module Examination), which he obtained on April 16, 2012; Series 51 (Municipal Fund Securities Principal Examination), which he obtained on March 25, 2008; and Series 24 (General Securities Principal Examination), which he obtained on September 26, 2005. He is a registered broker and investment adviser with four US states—Massachusetts, Michigan, Texas, and Utah—and two self-regulatory organizations (SROs): FINRA and the New York Stock Exchange.

According to his BrokerCheck report, he has received one pending customer complaint.