During the time relevant to this matter, Timothy M. Wheeler was registered between June 2010 and December 2010 with Financial Industry Regulatory Authority ("FINRA") member firm Morgan Stanley Smith Barney. As a condition of his employment upon joining Morgan Stanley on May 7, 2010, Wheeler was required to pass the following [...]
This is a somewhat long and convoluted tale, whose every twist and turn will likely turn you're your stomach in disgust. With that warning, let's go back to 2009, when George Sepero, Glen Rock, NJ, Carmelo Provenzano, Garfield, NJ, and Daniel Dragan, Hunterdon County, NJ, claimed to run a series of hedge funds in New [...]
In a Financial Industry Regulatory Authority ("FINRA") Arbitration Statement of Claim filed in November 2011, and thereafter amended, Claimant Keating asserted wrongful termination, defamation, emotional distress, interference with business relations, and violation of Massachusetts Payment of Wages Law. Ultimately, Claimant [...]
For the purpose of proposing a settlement of rule violations alleged by the Financial Industry Regulatory Authority ("FINRA"), without admitting or denying the findings, prior to a regulatory hearing, and without an adjudication of any issue, Michael Rapley submitted a Letter of Acceptance, Waiver and Consent ("AWC"), which FINRA [...]
On May 26, 2010, a federal grand jury in the Northern District of Texas returned an Indictment under seal (unsealed May 27th) charging Blake Williams, then 27, of Dallas, TX, and Derek Lopez, then 43, of Torrance, CA, each with one count of conspiracy to commit securities fraud and seven counts of securities fraud. [...]
Susan Tomsha-Miguel, 52, Atwater, CA, ran a tax consulting and bookkeeping business. Given that the two certainties in life are death and taxes, Tomsha-Miguel seems to have entered a business that would give her a fairly stable income. Unfortunately, you know how it goes, some folks are just never quite satisfied.
Enter a client [...]
In Gabelli et al. v. Securities And Exchange Commission (568 U. S. ____ (2013), February 27, 2013), the Court considered an enforcement action brought by the Securities And Exchange Commission ("SEC") under the Investment Adviser Act in April 2008, when the SEC filed a Complaint seeking civil penalties arising from [...]