Active Investigations
July 24, 2023 – An Office of Hearing Officers (OHO) decision became final in which Jean was barred from association with any FINRA member in all capacities. The sanction as based on the findings that Jean failed to provide information and documents or appear for on-the-record testimony requested by FINRA in connection with an investigation into whether he converted money from his customer. The findings stated that FINRA’s investigation began …
July 25, 2023 – An AWC was issued in which the firm was censured, fined $3,000,000, ordered to pay $100,000, plus interest, in restitution to customers, required to conduct a review to identify, and as applicable pay restitution to affected customers for other improper transfers of money from firm customer accounts to common payees and required to remediate the issues identified in the AWC and implement a supervisory system, including …
Schwartz Law is currently investigating claims against Mario Payne (CRD# 5445757)andPlanning Solutions International LLC dbaToams Financial(CRD# 300043). We are seeking information from anyone who has had dealings with Mr. Payne,or who had similar investment-related losses when dealing with Mr. Payneregarding the sale of complex structured notes. Based on our preliminary investigation, it appears that Mr. Payne made materials misrepresentations to clients about complex structured notes at the point …
June 29, 2023 – An AWC was issued in which Solinsky was fined $10,000, suspended from association with any FINRA member in all capacities for four months and ordered to pay $27,622, plus interest, in restitution to customers. Without admitting or denying the findings, Solinsky consented to the sanctions and to the entry of findings that he excessively and unsuitably traded two customer accounts.
The findings stated that a 71-year-old …
June 20, 2023 – An AWC was issued in which Levy was assessed a deferred fine of $5,000 and suspended from association with any FINRA member in all capacities for four months. Without admitting or denying the findings, Levy consented to the sanctions and to the entry of findings that he recommended that customers purchase membership interests in two funds for $2,260,299 through two private placement offerings, without having a …
June 6, 2023 – An AWC was issued in which Jacobson was assessed a deferred fine of $5,000, suspended from association with any FINRA member in all capacities for three months and ordered to pay deferred disgorgement of commissions received in the amount of $7,887, plus interest. Without admitting or denying the findings, Jacobson consented to the sanctions and to the entry of findings that he executed trades with a …
June 26, 2023 – An AWC was issued in which Skrabonja was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Skrabonja consented to the sanction and to the entry of findings that he refused to provide documents and information requested by FINRA in connection with its investigation of the circumstances surrounding his termination from his member firm. The findings stated that the …
June 19, 2023 – An SEC decision became final in which Taddonio was barred from association with any FINRA member in all capacities. The SEC affirmed the findings and the sanctions imposed by the NAC. The sanctions were based on the findings that Taddonio failed to exercise reasonable supervision.
The findings stated that Taddonio failed to respond reasonably to red flags that a senior broker and other firm brokers were …
June 19, 2023 – An SEC decision became final in which Beyn was barred from association with any FINRA member in all capacities. The SEC affirmed the findings and the sanction imposed by the National Adjudicatory Counsel (NAC). The sanction was based on the findings that Beyn engaged in excessive trading in customer accounts over which he exercised de facto control. The findings stated that de facto control over customer …
June 7, 2023 – An AWC was issued in which Benjamin was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Benjamin consented to the sanction and to the entry of findings that he refused to provide documents and information requested by FINRA in connection with its investigation into the circumstances giving rise to an amended Form U5 filed by his member firm.…
June 6, 2023 – An AWC was issued in which Morgan was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Morgan consented to the sanction and to the entry of findings that she refused to provide information and documents requested by FINRA in connection with its investigation into the circumstances giving rise to a Uniform Termination Notice for Securities Industry Registration (Form …
If you are an investor in Horizon Private Equity, III LLC (“Horizon”), we can help you recover your losses. The Horizon scheme was run by financial advisor John Justin Woods through two entities that Woods’ controlled: 1) registered investment adviser Livingston Group Asset Management Company, d/b/a Southport Capital (“Southport”); and 2) the investment fund Horizon.
What happened?
On August 20, 2021, the Securities and Exchange Commission (“SEC”) filed an emergency …