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Name
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Residence
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What
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Why
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Date
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Fabiano, Michael Joseph
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Yardley, Pennsylvania
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Barred
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Pursuant to NASD Rule 9552(h)
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July 2007
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Fantetti, Michael Patrick
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Scottsdale, Arizona
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Suspended for One Year
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The sanctions were based on findings that Fantetti recommended and executed securities transactions in public customers' accounts without having reasonable grounds for believing the transactions were suitable based on the customers' financial circumstances and needs.
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July 2006
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Fareri, Anthony Joseph
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Lighthouse Point, Florida
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One year suspension
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Fareri commenced a private placement offering and participated in municipal securities transactions contrary to its NASD membership agreement.
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May 2007
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Farrell, Richard Francis
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Moline, IL
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5-year bar
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Farrell violated NYSE Rule 476(a)(6) by (a) obtaining funds from customers of his member firm employer for investment and/or loan without disclosing material facts and/or without providing written memorialization reflecting the terms to the customers, (b) obtaining funds from customers of his member firm employer without disclosing the investment and/or loan to, and without receiving prior approval of his member firm employer, and (c) soliciting and obtaining funds from customers of his member firm employer to pay a mortgage on a commercial property that he owned.
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November 2007
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Fawcett, IV, Charles Collingwood
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Venetia, PA
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Barred
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The SEC affirmed the NAC decision that imposed the sanction following appeal of an OHO decision. The sanction was based on findings that Fawcett failed to respond to FINRA requests for information and to provide on-the-record testimony.
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March 2008
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Featherstone, Brian Che
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Irvington, New York
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Barred
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Featherstone consented to the described sanction and to the entry of findings that, acting individually and as a member of a sales group, he participated in a fraudulent scheme to sell shares of a security to public customers, utilizing classic, boiler-room techniques to induce customers to purchase the security and to dissuade them from selling it. The findings stated that Featherstone used high-pressure sales pitches, material misrepresentations, omissions of fact and unauthorized transactions in customer accounts. The findings also stated that Featherstone failed to provide customers with disclosures concerning the risks associated with investing in penny stocks.
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May 2006
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Feibus, Terry Lee
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Boca Raton, Florida
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Barred
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He engaged in the unregistered offer and sale of securities owned by a registered representative. The findings stated that Feibus made material misrepresentations and failed to disclose material facts to public customers in connection with the unregistered offer and sale of securities.
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May 2006
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Feldhacker, Kenneth Duane
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Phoenix, Arizona
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Barred
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Feldhacker opened a joint brokerage account with a public customer without the customer's authorization or consent. The findings stated that Feldhacker forged customers' names on various account documents, and used blank forms the customers signed to withdraw funds from their accounts. The findings also stated that by forging customer signatures, Feldhacker initiated redemptions in the accounts that belonged to the customers and transferred money from mutual funds, variable and fixed annuities, and/or life insurance accounts to the joint account without the customers' knowledge or consent. The findings also included that Feldhacker made unauthorized and fraudulent withdrawals and transfers from the customers' accounts to the joint account, thereby converting funds in excess of $250,000 for his own use and benefit.
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April 2007
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Feldman,
Vladimir William
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Brooklyn,
New York
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Barred
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He engaged in fraudulent sales practices and
made material misrepresentations and omissions regarding securities,
including unsubstantiated price predictions.
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September
2005
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Femister, Thomas Ray
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Washington, District of Columbia
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Barred
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He converted funds of a public customer for his own use and benefit without the knowledge or authorization of the customer. The findings also stated that Femister failed to respond to NASD requests for documents and information.
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June 2005
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Fenton, Jonathan
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Las Vegas, NV
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Complaint Filed
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Fenton was named as a respondent in a FINRA complaint alleging that the firm, acting through Fenton and anotherregistered representative, recommended and effected the purchase of limited partnership interest in hedge funds without having reasonable grounds for believing that the recommendations and resultant transactions were suitable for public customers.
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February 2008
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Ferguson, Bradley Richard
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Monrovia, IN
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Barred
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Ferguson forged a public customer's signature on a [403(b)]Distribution Request Form and the reverse side of checks totaling $18,987.80, endorsed the checks and deposited them into his personal bank account without the customer's knowledge or consent, thereby converting the customer's funds. The findings stated that Ferguson failed to respond to NASD requests for information.
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September 2007
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Fernandez,
Fernando
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Boca
Raton, Florida
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Barred
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Pursuant to NASD Rule 9552 (h)
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October 2005
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Fernandez, George I.
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Miami, Florida
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Barred
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Pursuant to NASD Rule 9552 for failure to provide information requested under NASD Rule 8210
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December 2004
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Fernandez, Joe Manuel
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Villa Park, California
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18-Month Suspension
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He learned that another registered representative of his member firm had impersonated him and had completed the firm element continuing education training module in his place. The findings stated that Fernandez also learned that the other registered representative had submitted a completion certificate to the firm falsely indicating that Fernandez had completed the training module, causing the firm's books and records to be inaccurate.
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August 2005
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Fernandez, Jorge Guillermo
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Mayfield Heights, Ohio
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Barred
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Delaney consented to the described sanctions and to the entry of findings that he exercised discretionary power in public customers' accounts without obtaining prior written authorization from the customers and prior written acceptance of the accounts as discretionary from his member firm.
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August 2006
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Fernando, Brian Lintag
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Las Vegas, NV
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Barred
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Pursuant to NASD Rule 9552(h)
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December 2007
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Ferragamo, Joseph
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Brooklyn, NY
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Barred
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one of the owners of the Yankee Brooklyn branch office, barred for failing to appear and testify in connection with NASD's investigation.
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February 2005
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Ferrara, Gary John
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Verona, New Jersey
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Barred
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While acting as a member of a group of salespersons, he employed classic boiler-room techniques to induce customers to purchase shares of a company. NASD found that the members of the group engaged in fraudulent misrepresentations and omissions to induce purchases or to discourage sales of shares in a company and routinely predicted the stock would shortly increase in price. The findings also stated that he engaged in unauthorized trading, as well as other deceptive practices, including buying more than the customer authorized or insisting that the customer pay for an unauthorized trade before selling the stock. In addition, NASD determined that each member of the group knowingly or recklessly provided substantial assistance to other members of the group engaged in the same or similar misconduct, in furtherance of the scheme. The findings also included that he failed to furnish customers, prior to effecting such transactions, a risk disclosure document containing the information required by penny stock rules and failed to obtain from customers, prior to effecting customer transactions in a stock, a manually signed and dated written statement acknowledgement receipt of such risk disclosure documents.
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March 2005
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Ferraioli, Brian Frederick
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West Orange, NJ
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Barred
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Pursuant to NASD Rule 9552(h)
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December 2007
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Ferraro, Carole Gurgone
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Boynton Beach, Florida
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Complaint Filed
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Named as a respondent in an NASD complaint alleging that she recommended and effected investments in variable annuities in the accounts of public customers without having a reasonable basis for her recommendations based on the limited benefit available to the customers from either the death benefit or the tax deferral features of the variable annuities, the costs associated with the products, the limited liquidity, and the failure of the variable annuities to satisfy the customers' goals of income and safety.
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August 2005
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Ferst, David
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Palatine, Illinois
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1-Year Suspension
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He received checks totaling $9,376.80 from public customers to invest in College America 529 accounts or purchase insurance policies, but failed to follow the customers' instructions and held the checks and account applications until a later date or his member firm processed them after his termination. Ferst's suspension began on May 1, 2006.
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May 2006
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Ficken, Justin F.
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Boston, MA
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2-Year Suspension
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Ficken refused to appear for a FINRA on-the-record interview.This decision has been appealed to the NAC and the sanctions are not in effect pending consideration of the appeal.
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January 2008
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Fiebich,
Carl Gene
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Fenton,
Michigan
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Barred
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He engaged in outside business activities
without giving his member firm prompt written notice.
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December
2005
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Field, Marshall J.
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Woodland Hills, CA
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Charged
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Charged with fraud in the offering and sale of municipal securities in violation of federal securities laws and Municipal Securities Rulemaking Board (MSRB) rules. NASD charged Field with making material misrepresentations and omissions in connection with the purchase and sale of municipal securities and executing unauthorized municipal securities transactions in his clients' accounts. NASD also charged Field with violating the prohibition on guaranteeing an investor against a loss. According to the complaint, Field, the majority owner of now-defunct American National Municipal Corp., recommended and sold municipal securities to seven investors, most of whom were elderly, without disclosing the accompanying risks. Specifically, Field recommended securities that were special, limited obligations and failed to disclose that the securities were not backed by the full faith and credit of the subject municipalities. In fact, the securities were revenue bonds and certificates of participation payable solely from anticipated sources of revenues. The complaint charged that Field did not disclose that the municipal securities involved a high degree of risk and that investors could lose their entire investments. The complaint also alleged that Field misrepresented that investments in these securities were safe and that the investors' initial investments were secure. The municipal securities have all since defaulted and the investors lost significant portions of their initial investments. In addition to making material misrepresentations and omissions, the Complaint alleged that Field executed a total of 25 unauthorized transactions involving high-risk municipal securities in multiple investors' accounts. In all, nine investors suffered losses of approximately $325,000 because of Field's misconduct. Finally, NASD charged Field with guaranteeing a customer against a loss in connection with her purchases of a municipal security. Field's firm, American National Municipal Corp. of Woodland Hills, CA, withdrew its registration with NASD in September 2004.
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March 2005
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Figliolini, Johnny Phillip (Jr.)
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Wainscott, New York
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Barred
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Figliolini permitted a statutory disqualified individual to be associated with an NASD member firm.
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June 2006
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Fine-Abramowitz, Ronni Lee
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Roselle, Illinois
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Barred
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Pursuant to NASD Rule 9552(h)
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May 2006
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Finley,
Anne Elizabeth
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Ridgewood,
New Jersey
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Barred
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She signed a customer’s signature on a
variable life insurance illustration without the customer’s knowledge,
authorization or consent.
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September
2005
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Finley, Charles Todd
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Ft. Worth, TX
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Barred in any principal capacity plus 2-Year Suspension from association with any FINRA member
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Finley failed to reasonably supervise an unregistered person; failed to monitor the activity in customer accounts assigned to him; and recklessly permitted an unregistered person to effect unauthorized transactions, unauthorized withdrawalsand the transfer of $863,200 in customer funds and securities valued at $69,690 by means of forged authorization letters.
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February 2008
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Finstra, Robert
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Brandon, FL
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Barred
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Finstra willfully failed to disclose material information on his FormU4. The findings stated that Finstra failed to respond to FINRA requests for information.
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October 2007
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Fischer, Garrett Richard
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Des Moines, Iowa
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Barred
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Fischer failed to respond to NASD requests for information. The findings stated that Fischer failed to disclose material information on his Form U4.
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July 2007
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Fischer, Scott Kenneth
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Lake In The Hills, Illinois
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Barred
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He recommended securities transactions to public customers without having a reasonable basis for believing the recommendations and resulting sales were suitable for the customers. The findings also stated that Fischer executed mutual fund switches in the accounts of public customers without written authorization. NASD also found that Fischer prepared and/or submitted falsified documents containing the purported signatures of public customers on forms required by his member firm that explained the financial impact of transactions in connection with mutual fund switches that occurred in their accounts.
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February 2005
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Fitzgerald,
William John
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Bethpage,
New York
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Barred
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He failed to provide NASD requested
testimony.
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January
2006
|
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Fium, Dan Robert Del
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Las Flores, California
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Barred
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He signed the names of public customers on an authorization form without the customers' knowledge or consent.
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June 2005
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Flaherty, Coleman James (III)
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South Boston, Massachusetts
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Barred
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Pursuant to NASD Rule 9552(h)
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November 2006
|
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Flemens, Norman R.
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Las Vegas, NV
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18-month suspension
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Flemens received checks and/or letters of application from public customers to transfer funds to effect the purchase of mutual fund company shares, and delayed entering the checks on his member firm's checks-received blotter and delayed forwarding the checks and processing applications to effect the purchases, thereby failing to execute customer orders.
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October 2007
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Flitt, Daniel Stephan
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Buffalo, NY
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Barred
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Flitt borrowed $2,660 from a public customer without his member firm's approval and contrary to his firm's written procedures prohibiting representatives from borrowing money from customers. The findings stated that Flitt failed to respond to FINRA requests for information.
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October 2007
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Flores, Rizalina Dones
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Unknown
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Censure and six year bar.
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Failed to disclose her criminal history on an employment application including a conviction which made her subject to a statutory disqualification.
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March 23, 2005
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Foerster, Frank
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New York, NJ
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Barred
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Pursuant to NASD Rule 9552(h)
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February 2008
|
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Forbes, Thomas Mitchell
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Debary, Florida
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