Active Investigations

March 7, 2022 – The firm was named a respondent in a FINRA complaint alleging that it willfully violated Section 10(b) of the Exchange Act and Rule 10b-5 thereunder and violated FINRA Rule 2020 by engaging in securities fraud in connection with its sale of bonds in two private offerings for a company. In the alternative, the firm acted in contravention of Sections 17(a)(2) and 17(a)(3) of the Securities Act …

March 31, 2022 – An AWC was issued in which Weiner was fined $5,000 and suspended from association with any FINRA member in all capacities for 30 days. Without admitting or denying the findings, Weiner consented to the sanctions and to the entry of findings that he impersonated nine customers of his former member firm, during telephone calls to the firm’s insurance affiliate to obtain information about the customers’ existing …

March 31, 2022 – An AWC was issued in which Trueg was fined $5,000 and suspended from association with any FINRA member in all capacities for two months. Without admitting or denying the findings, Trueg consented to the sanctions and to the entry of findings that he affixed customer signatures on account forms. The findings stated that in each instance, Trueg copied the customer’s signature from an older form the …

March 29, 2022 – An AWC was issued in which Hananel was assessed a deferred fine of $7,500 and suspended from association with any FINRA member in all capacities for 15 months. Without admitting or denying the findings, Hananel consented to the sanctions and to the entry of findings that he engaged in excessive and unsuitable trading in customer accounts. The findings stated that Hananel exercised de facto control over …

March 28, 2022 – An AWC was issued in which McDermott was suspended from association with any FINRA member in all capacities for three months. In light of McDermott’s financial status, no monetary sanction has been imposed. Without admitting or denying the findings, McDermott consented to the sanction and to the entry of findings that he traded without authorization in the account of a customer of his member firm, both …

March 24, 2022 – An AWC was issued in which Turner was assessed a deferred fine of $5,000 and suspended from association with any FINRA member in all capacities for three months. Without admitting or denying the findings, Turner consented to the sanctions and to the entry of findings that he participated in private securities transactions without providing prior written notice to his member firm. The findings stated that Turner …

March 24, 2022 – An AWC was issued in which Nicolassy was suspended from association with any FINRA member in all capacities for four months and ordered to pay $32,134.09 in partial restitution to customers. In light of Nicolassy’s financial status, no monetary fine has been imposed. Without admitting or denying the findings, Nicolassy consented to the sanctions and to the entry of findings that he excessively and unsuitably traded …

March 23, 2022 – An AWC was issued in which Ginsburg was suspended from association with any FINRA member in all capacities for six months and ordered to pay $113,591 in partial restitution to customers. In light of Ginsburg’s financial status, no monetary fine or prejudgment interest has been imposed. Without admitting or denying the findings, Ginsburg consented to the sanctions and to the entry of findings that he engaged …

March 21, 2022 – An AWC was issued in which Edenbaum was fined $10,000 and suspended from association with any FINRA member in all capacities for three months. Without admitting or denying the findings, Edenbaum consented to the sanctions and to the entry of findings that he participated in a private securities transaction without providing prior written notice to his member firm. The findings stated that Edenbaum participated in the …

March 18, 2022 – An AWC was issued in which Muratore was fined $25,000 and suspended from association with any FINRA member in all capacities for two years. Without admitting or denying the findings, Muratore consented to the sanctions and to the entry of findings that he forged the signature and initials of a customer without the customer’s prior knowledge or authorization on documents in connection with the surrender of …

March 17, 2022 – An AWC was issued in which O’Neill was fined $5,000 and suspended from association with any FINRA member in all capacities for three months. Without admitting or denying the findings, O’Neill consented to the sanctions and to the entry of findings that he willfully failed to timely amend his Form U4 to disclose a felony charge. The findings stated that O’Neill was charged with two counts …

March 16, 2022 – An AWC was issued in which Kelly was fined $10,000 and suspended from association with any FINRA member in all capacities for seven months. Without admitting or denying the findings, Kelly consented to the sanctions and to the entry of findings that he participated in private securities transactions outside the regular course or scope of his employment without providing prior written notice to his member firm. …