Stockbroker Misconduct

New fiduciary standards and stockbroker fraud

By WEALAW / January 18, 2016 / Comments Off on New fiduciary standards and stockbroker fraud

There is a battle going on right now in Congress that will affect stockbroker fraud cases in the years to come. Here are some updates and stories from various news sources to get you up-to-speed quickly. Department of Labor Proposes Rule to Address Conflicts of Interest in Retirement Advice, Saving Middle-Class Families Billions of Dollars Every…

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FINRA Bars Two Virginia FAs In Connection With Allegations Involving Converting Client Funds

By WEALAW / June 26, 2015 / Comments Off on FINRA Bars Two Virginia FAs In Connection With Allegations Involving Converting Client Funds

Tammy Charlene Petersen formerly of Merrill Lynch and Kirsten Flynn Hawkins formerly of SunTrust Investment Services, Inc. both were barred from association with any FINRA member in any capacity in connection with allegations involving the conversion of client funds. Tammy Petersen, formerly with Merrill Lynch in Carrollton, Virginia, consented to the bar and to the entry of findings that she…

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Former Stockbroker Apparently Staged Disappearance

By WEALAW / May 12, 2015 / Comments Off on Former Stockbroker Apparently Staged Disappearance

In Florida, the Sun Sentinel reported that Richard Ohrn, 44, a former stock broker who disappeared while fishing in the Atlantic ocean a month ago, admitted that he staged his disappearance by abandoning the boat and driving to Albany, Georgia. According to the article Ohrn was trying to escape legal issues, including a suit by a former…

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Ronald Berman Formerly Of Axiom Capital Management Withdraws Maryland Registration

By WEALAW / April 6, 2015 / Comments Off on Ronald Berman Formerly Of Axiom Capital Management Withdraws Maryland Registration

On March 25, 2015, Ronald M. Berman, formerly of Axiom Capital Management, Inc., withdrew his registration with the State of Maryland and agreed not to reapply for registration in Maryland as a broker-dealer, agent, investment adviser or investment adviser representative for a period of five (5) years.  Previously, Mr. Berman’s general securities representative registration was…

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