Blog
Calvin Moores barred, former IFG and Centaurus financial advisor
July 15, 2017
FINRA barred former Centaurus Financial Inc. (Fullerton, CA) and Independent Financial Group (Brea, CA) broker Calvin Edward Moores after he failed to cooperate with an investigation into allegations of improper conduct. Three settled customer disputes in Moores’ BrokerCheck report, with a total combined settlement of $212,500, alleged unauthorized trading, unsuitable recommendations and over concentration in high […]
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Recovery for Woodbridge investors
July 3, 2017
Frank Capuano of Royal Alliance Associates, Inc. agreed to findings that he sold approximately $1.1 million in Woodbridge Mortgage Investment Funds notes to customers of the firm. Capuano also consented to findings that he failed to obtain written approval from his firm for these transactions. Initiated By FINRA Resolution Acceptance, Waiver & Consent(AWC) Sanctions Civil and Administrative Penalty(ies)/Fine(s) […]
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Joseph C. Farah – Gold Coast Securities, Inc. – Irvine, California
June 15, 2017
FINRA charged Gold Coast Securities (Irvine, CA) broker Joseph C Farah with churning, excessive trading, suitability, undisclosed outside business activities, material misrepresentations, and additional violations and failures related to discretion, according to a Department of Enforcement complaint filed with FINRA’s Office of Hearing Officers. According to the charges, Farah created significant risks that were incompatible […]
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SEC Charges Businesswoman with Operating a Fraudulent Promissory Note Scheme
April 5, 2017
The Securities and Exchange Commission today announced fraud charges against a Niles, Illinois businesswoman accused of misappropriating investor funds. The SEC’s complaint, filed in federal court in the Northern District of Illinois, alleges that Lucita A. Zamoras solicited investors for a promissory note program and subsequently misappropriated the investors’ funds. From at least October 2009 […]
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SEC Obtains TRO and Asset Freeze in Investment Scheme Involving Seniors
March 30, 2017
The Securities and Exchange Commission today announced an emergency asset freeze and temporary restraining order against a Chicago-based investment adviser and his financial management company accused of scamming elderly investors out of millions of dollars. The SEC alleges that Daniel H. Glick and his unregistered investment advisory firm Financial Management Strategies (FMS) provided clients with […]
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