Stockbroker Misconduct and Investment Fraud Blog

FINRA Rule Would Protect Military Personnel

FINRA Rule Would Protect Military Personnel

FINRA has proposed new disclosure requirements for brokerage firms and stockbrokers that sell securities to U.S. military personnel or their dependents. The proposed rule would require brokers and brokerage firms who sell securities on military...

S&P Downgrades Puerto Rico Bonds Again

S&P Downgrades Puerto Rico Bonds Again

Standard & Poor’s (“S&P”) downgraded Puerto Rico’s General Obligation bond rating even further into junk bond status from B to CCC+. S&P based its downgrade on the belief that Puerto Rico’s financial stability has...

FINRA Fines and Suspends Boca Raton Stockbroker

FINRA Fines and Suspends Boca Raton Stockbroker

Boca Raton resident Jennifer Trowbridge, who was a broker with Essex Securities, agreed to a $10,000 fine and a two month suspension from the securities industry for making unsuitable investment recommendations in seven customer accounts...

Former UBS Broker Fined and Suspended

Former UBS Broker Fined and Suspended

FINRA has fined Jacob Robert Craton, a former UBS broker who lives in Palm Beach Gardens, Florida, for reportedly circumventing UBS’s penny stock transaction supervisory system and procedures. When Craton placed penny stock trades for a customer...