Articles Posted in BrokerCheck

The following information regarding broker misconduct and disciplinary activities taken against California stockbrokers was released by the Financial Industry Regulatory Authority (FINRA) in October 2009:

Kevin Michael Browne formerly of Regal Securities, Inc. in Dillon, California, was suspended from association with any FINRA member in any capacity for one year for allegedly defrauding investors in connection with the sale of Collateralized Mortgage Obligations (CMOs).

Pingping Shu (aka Carol Shu) formerly of Wells Fargo Investments in Camarillo, California, was barred from association with any FINRA member in any capacity for 30 days for allegedly copying and pasting customer signatures on client forms without their authorization and consent.

The following information regarding broker misconduct and disciplinary activities taken against California stockbrokers was released by the Financial Industry Regulatory Authority (FINRA) in September 2009:

William David Brusseau formerly of Independent Financial Group in Pasadena, California, and Omni Brokerage of Pasadena, California, was barred from association with any FINRA member in any capacity for allegedly borrowing money from customers.

Stephen Timothy Crawford formerly of Unionbanc Investment Services, LLC in San Diego, California, was fined and barred from association with any FINRA member in any capacity for two years for allegedly borrowing money from customers.

Would you like to know whether your brokerage firm or stockbroker has had a history of customer complaints?

You can easily check a broker’s employment and disciplinary history online at FINRA BrokerCheck Website or call the BrokerCheck Hotline at (800) 289-9999.

The letters F-I-N-R-A stand for the Financial Industry Regulatory Authority. They are the non-governmental regulatory authority for securities firms and stockbrokers.

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