FINRA Disciplinary Action

The standard broker-customer agreement usually states that disputes between the client and broker, including claims of fraud, will be settled through arbitration rather than litigation. This arbitration, which will be filed with FINRA (Financial Industry Regulatory Authority), does not involve a judge or jury, but instead allows an arbiter to hear your case in a […]

In 2012, the suitability rules the Financial Industry Regulatory Authority (FINRA) uses changed. Rule 2111 clarified and codified many precedents that were previously upheld and interpreted through case law. Rule 2111 replaces NASD Rule 2310 and offers clear standards that apply to securities brokerages and professionals. The Stipulations of the Rule Advisement professionals must adhere […]

Erez Law is investigating claims regarding Sean Eric Mattson (CRD #4028781, South Lyon, Michigan). Mattson recently submitted an AWC in which he was suspended from association with any FINRA member in any capacity for one month. See FINRA Case #2014040837701. Mattson was associated with Ameriprise Financial Services, Inc., from July 2001 until his termination in […]

Erez Law is investigating claims regarding Michael Christopher Evangelista (CRD #2361644, West Chester, Pennsylvania). Evangelista recently submitted an AWC in which he permanently was barred from association with any FINRA member in any capacity. See FINRA Case #2012035327601. From November 1994 to December 2012, Evangelista was registered with the following FINRA regulated broker-dealers: (1) Capital […]

Erez Law is investigating claims regarding Marc Halan Baldinger (CRD #1942349, Jensen Beach, Florida). Baldinger recently submitted an AWC in which he was assessed a deferred fine of $10,000, suspended from association with any FINRA member in any capacity for 18 months and ordered to pay $233,000, plus interest, in disgorgement of selling compensation. See […]

Erez Law is investigating claims regarding Donald L. Bratten (CRD #1904756, North Platte, Nebraska). Bratten recently submitted an AWC in which he was assessed a deferred fine of $10,000 and suspended from association with any FINRA member in any capacity for four months. See FINRA Case #2013037765701. The suspension is in effect from November 17, […]

Erez Law is investigating claims regarding Mark Jon Slocum (CRD #4303671, St. Paul, Minnesota). Slocum recently submitted an AWC in which he was assessed a deferred fine of $5,000 and suspended from association with any FINRA member in any capacity for 18 months. See FINRA Case #2013039537701. The suspension is in effect from December 1, […]

Erez Law is investigating claims regarding Jeffrey Donald Noard (CRD #1983392, Menomonee Falls, Wisconsin). Noard recently was named a respondent in a FINRA complaint alleging that in June 2012 he made an unsuitable recommendation for investments in a GwG Renewable Secured Debenture totaling $20,000 to one of his elderly customers at his member firm. See […]

Erez Law is investigating claims regarding Jo Ellen Fisher (CRD #3047985, Gallipolis, Ohio). Fisher recently submitted an Offer of Settlement in which she was barred from association with any FINRA member in any capacity. See FINRA Case #2014041208401. Fisher was registered with Raymond James Financial Services, Inc., from January 2010 until her termination in May […]

Erez Law is investigating claims regarding Arque Capital, Ltd. (CRD #121192, Scottsdale, AZ) and sales of GWG Renewable Secured Debentures. Arque Capital recently submitted an AWC in which the firm was censured and fined $50,000. See FINRA Case #2012033994701. FINRA found that Arque Capital sold a total of approximately $3.53 million in an alternative investment […]