As published in the Financial Industry Regulatory Authority (FINRA) disciplinary actions report for January 2012, Alex B. Van Beek of West Hartford, Connecticut was barred for failure to Provide Information or Keep Information Current Pursuant to FINRA Rule 9552(h). Continue reading…

As published in the Financial Industry Regulatory Authority (FINRA) disciplinary actions report for January 2012, Joseph Anthony St. Angelo of Ashtabula, Ohio was barred for failure to Provide Information or Keep Information Current Pursuant to FINRA Rule 9552(h). Continue reading…

As published in the Financial Industry Regulatory Authority (FINRA) disciplinary actions report for January 2012, Antonio Seminario aka Jorge AntonioSeminario of Plantation, Florida was barred for failure to Provide Information or Keep Information Current Pursuant to FINRA Rule 9552(h). Continue reading…

As published in the Financial Industry Regulatory Authority (FINRA) disciplinary actions report for January 2012, Justin David Reynolds of Morristown, New Jersey was barred for failure to Provide Information or Keep Information Current Pursuant to FINRA Rule 9552(h). Continue reading…

As published in the Financial Industry Regulatory Authority (FINRA) disciplinary actions report for January 2012, Patrick Joseph Rasp of Ballwin, Missouri was barred for failure to Provide Information or Keep Information Current Pursuant to FINRA Rule 9552(h). Continue reading…

As published in the Financial Industry Regulatory Authority (FINRA) disciplinary actions report for January 2012, David Craig Neison of Shelbyville, Kentucky was barred for failure to Provide Information or Keep Information Current Pursuant to FINRA Rule 9552(h). Continue reading…

As published in the Financial Industry Regulatory Authority (FINRA) disciplinary actions report for January 2012, Juan Ramos Montermoso of Arlington, Virginia was barred for failure to Provide Information or Keep Information Current Pursuant to FINRA Rule 9552(h). Continue reading…

As published in the Financial Industry Regulatory Authority (FINRA) disciplinary actions report for January 2012, Vincent Phillip Montenegro of Shoreham, New York was barred for failure to Provide Information or Keep Information Current Pursuant to FINRA Rule 9552(h). Continue reading…

On January 25, 2012 U.S. Securities and Exchange Commission (SEC) announced that the commission deems it appropriate and in the public interest that public administrative proceedings be, and hereby are, instituted pursuant to Section 203(f) of the Investment Advisers Act of 1940 against Alain A. Assemi. After an investigation, the Division of Enforcement alleges that: Between May 2004 and October 2005, in reliance on a claimed exemption from registration under Regulation D, Assemi, as a Seaforth Principal, and a handful of “introducers,” by means of a private placement offering memorandum and oral representations raised approximately $18 million for Seaforth Meridian from almost 70 predominantly accredited – many of them elderly – investors. Respondent Assemi was a managing member of Seaforth Meridian, Seaforth Management and Seaforth Advisors. During the time in which he engaged in the conduct underlying the complaint described below, Respondent was not a registered representative. Continue reading…

On January 25, 2012 U.S. Securities and Exchange Commission (SEC) announced that the commission deems it appropriate and in the public interest that public administrative proceedings be, and hereby are, instituted pursuant to Section 203(f) of the Investment Advisers Act of 1940 against Timothy J. Clyman. After an investigation, the Division of Enforcement alleges that: Between May 2004 and October 2005, in reliance on a claimed exemption from registration under Regulation D, Clyman, as a Seaforth Principal, and a handful of “introducers,” by means of a private placement offering memorandum and oral representations raised approximately $18 million for Seaforth Meridian from almost 70 predominantly accredited – many of them elderly – investors. Respondent Clyman was a managing member of Seaforth Meridian, Seaforth Management and Seaforth Advisors. During the time in which he engaged in the conduct underlying the complaint described below, Respondent was not a registered representative. Continue reading…

On January 26, 2012 U.S. Securities and Exchange Commission (SEC) announced a civil action against First Resource Group LLC and its principal David H. Stern alleging that they fraudulently touted stock in two thinly-traded microcap companies, sold each company’s stock at the same time they were touting it, and manipulated the markets in both penny stocks in violation of the antifraud provisions of the federal securities laws. According to the SEC’s complaint, at various times from December 2008 to May 2010 First Resource and Stern, and telemarketers they employed, fraudulently solicited brokers to purchase stock in TrinityCare Senior Living, Inc. and Cytta Corporation. Continue reading…

On January 26, 2012 U.S. Securities and Exchange Commission (SEC) announced that the U.S. District Court for the Northern District of Ohio on January 20, 2012, entered a final judgment against Robert C. Koeller in a Commission injunctive action, United States Securities and Exchange Commission v. Integrity Financial AZ, LLC, Steven R. Long, Stanley M. Paulic, Walter W. Knitter, and Robert C. Koeller, Civil Action No. 10-CV-782 (SO) (N.D. Ohio filed Apr. 15, 2010). The Commission’s complaint alleged that Koeller promoted an unregistered offering of securities by Integrity Financial AZ, LLC in the form of promissory notes purportedly secured by real estate in Arizona. The complaint further alleged that Koeller made material verbal and written misrepresentations to investors and prospective investors such as claims that IFAZ is a “private non registered REIT,” that investors’ “Interest is FDIC insured,” and that “You earn 10% guaranteed without any risk to your principal.” Continue reading…

As published in the Financial Industry Regulatory Authority (FINRA) disciplinary actions report for January 2012, Michael Louis Maseritz of Annapolis, Maryland was barred for failure to Provide Information or Keep Information Current Pursuant to FINRA Rule 9552(h). Continue reading…

As published in the Financial Industry Regulatory Authority (FINRA) disciplinary actions report for January 2012, Juan Rene Marte of Orlando, Florida was barred for failure to Provide Information or Keep Information Current Pursuant to FINRA Rule 9552(h). Continue reading…

As published in the Financial Industry Regulatory Authority (FINRA) disciplinary actions report for January 2012, Sherise Chantal Lee of Tallahassee, Florida was barred for failure to Provide Information or Keep Information Current Pursuant to FINRA Rule 9552(h). Continue reading…