Stockbroker Misconduct and Investment Fraud Blog

FINRA Fines VSR Financial Services $550,000

FINRA announced in its July 2013 disciplinary action report that it has fined Kansas-based brokerage firm VSR Financial Services, Inc. $550,000 and fined and suspended VSR co-founder Donald Joseph Beary. The fine and suspension are related to...

FINRA Fines StateTrust for Fraudulent Bond Trades

In June 2013, FINRA fined brokerage firm StateTrust Investments, Inc. and its Chairman, Joseph Luis Turnes a/k/a Jose Luis Turnes, for fraudulent bond transactions. StateTrust is headquartered in Miami and has a branch office in Caracas...