A former stockbroker who was convicted of conspiring to defraud elderly investors has been sentenced to federal prison, InsuranceNewsNet reports. 69-year-old Lawrence Isen, who prosecutors said participated in a scheme to promote and manipulate the price of shares in...
FINRA bars former J.P. Morgan broker who was discharged over trading violations
The Financial Industry Regulatory Authority has barred a former broker for J.P. Morgan who was the subject of multiple client complaints against him, ThinkAdvisor reports. FINRA released details of the case involving 75-year-old Edward L. Turley in a letter of...
FINRA suspends former Merrill Lynch broker over outside business activities
The Financial Industry Regulatory Authority has suspended and fined a former broker for Merrill Lynch who was discharged from the firm over his outside business activities, AdvisorHub reports. FINRA announced the action against Christopher T. Eriksson, who was based...
Former broker charged with embezzling money from clients for his own use
A former Michigan broker has been charged with embezzling funds from his clients for investments and diverting it for his own use, reports ThinkAdvisor. 45-year-old Jaime Westenbarger, the founder of Forest Hills Financial, is facing seven criminal counts filed by...
Former Merrill Lynch broker fined, suspended by FINRA over unauthorized trades
A former Merrill Lynch broker accused of unauthorized trading in customer accounts has been sanctioned by the Financial Industry Regulatory Authority, according to AdvisorHub. Conrad K. Branson was fined $5,000 and suspended for 45 days over his actions that occurred...
