LUFRANO LAW, LLC

Mahmoud ElAwadi, formerly with Wells Fargo Clearing Services, LLC, agreed to a bar from the securities industry under a Letter of Acceptance, Waiver, and Consent (AWC) with FINRA. According to FINRA, in June 2026, ElAwadi refused to produce information and documents requested under FINRA Rule 8210, in violation of FINRA Rules 8210 and 2010. The case originated from a customer complaint alleging that ElAwadi induced customers to invest in a business he owned. FINRA's findings

Many parents name one of their children as the successor trustee of their living trust. That child is often the one who lives closest, handles the paperwork and knows the family's wishes. Just as often, someone in that trustee's family would like to keep the family home. Those goals can collide, and the time to sort it out is when the trust is written, not after a parent has died. A hypothetical Picture an Oak Park widow who names her brother as trustee for her two daughters.

Former LPL Financial broker Rudy Anguiano agreed to a bar from the securities industry under a Letter of Acceptance, Waiver, and Consent (AWC) with FINRA. According to FINRA, Anguiano converted $1,731,000 from two LPL customers between July 2023 and August 2025, in violation of FINRA Rules 2150(a) and 2010. Anguiano consented to FINRA's findings without admitting or denying them. Anguiano first registered with FINRA in February 2007. From April 2022 to December 2025, he was r

Daniel G. Diaz, a broker with Merrill Lynch for more than 35 years, agreed to a bar from the securities industry under a Letter of Acceptance, Waiver, and Consent (AWC) with FINRA. According to FINRA, in July 2026, Diaz refused to appear for on-the-record testimony, in violation of FINRA Rules 8210 and 2010. FINRA requested the testimony during its investigation into his potential involvement with excessive commissions on certain securities transactions. FINRA's findings conc

American Portfolios Financial Services, Inc., which merged into Osaic Wealth, Inc., agreed to a censure, a $400,000 fine, and $1,232,939.09 in restitution plus interest under a Letter of Acceptance, Waiver, and Consent (AWC) with FINRA. According to FINRA, from January 2018 to October 14, 2024, the firm failed to reasonably supervise its registered representatives' recommendations to sell unit investment trusts (UITs) before maturity. FINRA found that this violated FINRA Rule

Bertram Johnson, formerly with Merrill Lynch, agreed to a bar from the securities industry under a Letter of Acceptance, Waiver, and Consent (AWC) with FINRA. According to FINRA, in August 2026, Johnson refused to appear for on-the-record testimony requested under FINRA Rule 8210, in violation of FINRA Rules 8210 and 2010. The case followed Merrill Lynch's report that it terminated Johnson for conduct including alleged misappropriation of client funds. FINRA's findings concer

William Nicholas Pugh and Josiah D. Jennings, both formerly with Columbia Capital Securities, Inc., each agreed to a 10-month suspension and a $10,000 fine under separate Letters of Acceptance, Waiver, and Consent (AWCs) with FINRA. According to FINRA, between April and August 2024, Pugh and Jennings participated in private securities transactions without giving prior written notice to their firm, in violation of FINRA Rules 3280 and 2010. Both brokers consented to FINRA's fi

Jayme Frances Lemaire, formerly with Raymond James Financial Services, Inc., agreed to a bar from the securities industry under a Letter of Acceptance, Waiver, and Consent (AWC) with FINRA. According to FINRA, Lemaire refused to provide information and documents that FINRA requested during its investigation into whether she improperly borrowed funds from senior customers, in violation of FINRA Rules 8210 and 2010. FINRA's findings concern only her refusal to cooperate, not th

Harvey Alan Brode agreed to a two-month suspension and a $5,000 fine under a Letter of Acceptance, Waiver, and Consent (AWC) with FINRA. According to FINRA, between June 30, 2020, and May 10, 2024, Brode recommended that retail customers sell Class A mutual funds and buy new Class A funds with a new front-end sales charge. When he did, he failed to consider whether the customers could meet the same goals by exchanging into a new fund within the same fund family at no sales ch

The Financial Industry Regulatory Authority (FINRA) sanctioned Dennis D. Herrera (CRD No. 4618370) for engaging in excessive and...

The Financial Industry Regulatory Authority (FINRA) sanctioned Joseph Kelly (CRD No. 4560737) for engaging in excessive and...

The Financial Industry Regulatory Authority (FINRA) sanctioned Antonio Molinos (CRD No. 2764977) for engaging in excessive and unsuitable...

The Financial Industry Regulatory Authority (FINRA) permanently barred Ruben Rojas-Salvador (CRD No. 7801564) from associating with any...

The Financial Industry Regulatory Authority (FINRA) sanctioned Brandon Larsen (CRD No. 6192239) for exercising discretionary authority in...

The Financial Industry Regulatory Authority (FINRA) sanctioned Joseph Warner Rozof (CRD No. 5274784) for engaging in unauthorized...

The Financial Industry Regulatory Authority (FINRA) sanctioned Mack Leon Miller (CRD No. 2822317) for excessively trading the accounts of...

The Financial Industry Regulatory Authority (FINRA) sanctioned Brenton Ditto (CRD No. 4779103) for recommending a complex and unsuitable...

According to the Financial Industry Regulatory Authority (FINRA), William C. Burks II (CRD No. 2944992) engaged in misconduct by...

According to the Financial Industry Regulatory Authority (FINRA), former general securities representative Zachary Ellis Taylor (CRD No....

Tiffany Anne Keigley allegedly violated FINRA Rules 3260(b) and 2010 by exercising discretion in customer accounts without written...