Malcolm Segal—Alleged Ponzi Scheme

Malcolm Segal Allegedly Operated a Ponzi Scheme, Reportedly Selling So-called CD’s to Customers Under False Pretenses Malcolm Segal allegedly ran a Ponzi scheme wherein he reportedly sold so-called certificates of deposits (CDs) to his brokerage customers by falsely claiming that he could get them higher interest rates of return on FDIC-insured CDs than otherwise available… Read more »

Highfill— Failure to Provide Documents During an Investigation

Michael Ross Highfill Allegedly Solicited and Accepted a Loan from an Elderly Customer and Did Not Report Outside Business Activity Michael Ross Highfill allegedly solicited and accepted a loan from an elderly customer and also failed to report an outside business activity, according to a Complaint from FINRA’s Department of Enforcement. FINRA goes on to… Read more »

Matthew Joel Levitt Allegedly Failed to Respond to a FINRA Investigation Regarding an Investigation Into Possible Violations of the Securities Rules

Matthew Joel Levitt Allegedly Failed to Respond to a FINRA Investigation Regarding an Investigation that He Had Violated Securities Rules Matthew Joel Levitt allegedly failed to respond to a FINRA investigation regarding whether he violated securities rules and regulations, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC). The AWC notes that… Read more »

Malcolm Jamal Babin— Conversion of Non-Customer Funds, Undisclosed Outside Business Activity

Malcolm Jamal Babin Allegedly Converted Non-Firm Customer Funds and Took Part in Undisclosed Outside Business Activities While at PFS Investments Malcolm Jamal Babin allegedly converted non-firm customer funds and engaged in undisclosed outside business activities while he was registered with PFS Investments, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC). Malcolm… Read more »

Brian M. Berger— Misappropriation of Funds, Failure to Respond to FINRA Investigation

Brian Michael Berger Allegedly Failed to Respond to a FINRA Investigation after Being Investigated for Purportedly Misappropriating Funds and Stealing from the Elderly Brian Michael Berger, of Fort Lauderdale, Florida, allegedly failed to respond to a a FINRA investigation after the financial regulatory agency had conducted an investigation into Berger replete with allegations of misappropriation… Read more »

James E. Rooney—Failing to Supervise a Registered Representative Who Engaged in Two Private Securities Transactions

James E. Rooney Allegedly Failed to Supervise a Registered Rep Who Took Part in Two Private Securities Transactions of So-called “Tax Deductible Installment Plans” issued by the National Foundation of America (NFOA) James E. Rooney, of Fox Financial and of Carrollton, Texas, allegedly failed to supervise a registered rep who took part in two private… Read more »

Lee Robert Sobel—Failure to Provide On the Record Testimony

Lee Robert Sobel Was Investigated by FINRA Regarding the Sale of Interests in Opportunity Drilling and Acquisition Fund, LLC, Failed to Provide On the Record Testimony for FINRA Lee Robert Sobel was investigated by FINRA in 2014 regarding the sale of interests in Opportunity Drilling and Acquisition Fund, LLC, according to a recent Complaint from… Read more »

James P. Griffin—Investment Scheme, Money Laundering, Wire Fraud

James P. Griffin Allegedly Ran a Diverse $8 Million Investment Scheme Which Focused on Securities and “Charitable Gift Annuities” James P. Griffin, of Cazenovia, New York, and the founder and CEO of 54Freedom Inc., allegedly ran a wide-ranging $8 million investment scheme which involved 125 investors, according to a civil Complaint filed by the SEC…. Read more »

Barry George Hartman— Recommending Customers to Invest in Unaffiliated Privately-held Company

Barry George Hartman Allegedly Participated in Private Securities Transactions by Personally Investing Approximately $450,000 in IC and by Recommending that 13 FSC Customers Invest in IC Barry George Hartman, between 2004 and March 2015, and while associated with FSC, allegedly served on the board of directors of an unaffiliated privately-held company, known only as IC,… Read more »

Vicki Smith—Undisclosed Business Activities

Vicki Smith Allegedly Engaged in Undisclosed Business Activities Vicki Smith allegedly engaged in undisclosed business activities, and also recommended a Ten Forty Inc. customer to invest $50,000 in her business, and facilitated the transaction and issued the customer a promissory note, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC). What is… Read more »