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FINRA Announces August 2017 Suspensions

SuspensionsAccording to the Financial Industry Regulatory Authority’s (FINRA) record of disciplinary actions issued in August, more than 30 brokers and/or investment advisers were suspended in that month from associating with FINRA firms. The following individuals have signed Letters of Acceptance, Waiver and Consent (AWC Letters) agreeing to these sanctions without admitting or denying the alleged underlying conduct. Some of those suspensions may have been lifted before or after the publication of FINRA’s report. Certain suspensions were accompanied by monetary fines and penalties; the fines enumerated below may not represent the full sums paid by the representatives in question, who may have been ordered to pay disgorgement or restitution as well. Additionally, certain brokers who did not timely appeal their suspensions may now be barred from associating with any FINRA member, per FINRA rules. For more information about each sanction, visit FINRA’s disciplinary actions for August 2017.

Name Current/Former Employers Length of Suspension Fines paid
Daniel P. Bailey Source Capital Group, Capitol Securities Management 1 Month $5,000
David Michael Panetta AllState Financial Services, MetLife Securities 2 Months $7,500
Jose J. Perez Voya Financial Advisors, MetLife Securities 1 Month $5,000
Brian Sandy Rauch Avenir Financial Group, Rockwell Global Capital 2 Months $5,000
Scott Edmond Hedeman AllState Financial Services, AG Edwards & Sons, Edward Jones 3 Months $5,000
Marc Augustus Reda Spartan Capital Securities, First Standard Financial Company, PHX Financial 3 Months $5,000
Mark Tyler Bonds LPL Financial 1 Month $5,000
Zena Yofonovich Pruco Securities 2 Months

n/a

James Keith Cox Stifel Nicolaus & Company, Sterne Agee & Leach, Stanford Group Company 4 Months $10,000
Stephen Jay Kaufman Vanderbilt Securities, LPL Financial, Raymond James Financial Services 20 Days $5,000
Abed Adam Darwish Key Investment Services, AXA Advisors 18 Months $7,500
Geraldine Gordon Ameriprise Financial Services, IDS Life Insurance Company 10 Days $7,500
Christopher Robert Hickman Cetera Advisors, Banc of America Investment Services, Raymond James Financial Services 5 Months $5,000
Michael John Isaac Innovation Partners, Investors Capital Corporation, Girard Securities 1 Month $5,000
Mark Stewart Saunders Edward Jones 15 Days $5,000
James William Flower SW Financial, Laidlaw & Company 3 Months

n/a

Imran Hasan Mansur Charles Schwab & Company 2 Months $5,000
Christopher M. Hawn ALPS Distributors, SC Distributors, KBS Capital Markets Group 6 Months $10,000
Jeffrey Donald Noard Cabot Lodge Securities, Allied Beacon Partners, American Beacon Partners 10 Days $2,500
James Louis Orleans Shearson Financial Sevices, Oppenheimer & Company 15 Days $5,000
Donald Lee Stark Stifel Nicolaus & Company, UBS Financial Services 10 Days $5,000
Sammy Dexter Legaspi Accelerated Capital Group, Grant Bettingen, Capstone Investments 3 Months $5,000
John Charles Piccarreto First American Securities 24 Months $15,000
Matthew Clary Smith First Heartland Capital, ProEquities 3 Months $5,000
Judy Buchanan Healy Merrill Lynch 45 Days $25,000
Larry Charles Wolfe Stoever Glass & Company, Aegis Capital, Herbert J. Sims & Company 15 Days $5,000
Ryan Sanford Lawson US Bancorp Investments, LPL Financial, BB&T Investment Services 1 Month $5,000
Jon Timothy VanSlooten Edward Jones 3 Months $7,500
John Joseph Gorman IV LPS Partners, Odeon Capital Group, Tejas Securities Group 9 Months

n/a

John Arthur Dettelbach Wells Fargo Advisors 10 Days $5,000
Mitchell G. Behm Raymond James Financial Services, Edward Jones 7 Months $10,000
Robert Brian Lefkowitz Dakota International Securities, Newbridge Securities Corporation 5 Months (principal capacity) $5,000
Kejuan Yang T3 Trading Group 1 Month $5,000
Richard S. Botkin Stifel Nicolaus & Company, Morgan Stanley 4 Months $15,000
Say Nie Sam Wells Fargo Clearing Services, Morgan Stanley 2 Months $5,000
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