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Monthly Archives: July 2015

Former Compliance Officer Faces up to 20 years in Prison

By Tom Costello of Costello Law Group  The Securities and Exchange Commission (SEC) has charged William Quigley, a former chief compliance officer of Westbury, New York based brokerage firm Trident Partners, Ltd, with fraud. According to the SEC, Quigley solicited foreign investors to invest in well-know companies along with a few start-ups and […]

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Former Frederick Attorney Faces a Maximum of 23 years

By Tom Costello of Costello Law Group Former Frederick attorney, Richard A. Brennan, is now facing jail time after pleading guilty to mail fraud and tax charges. Brennan first opened his practice in 2006 with the main focus of providing clients with debt-settlement services. Brennan allegedly misappropriated clients’ funds intended to pay off […]

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LPL Hit with $11.7 million Fine

By Tom Costello of Costello Law Group  LPL Financial was fined $11.7 million by the Financial Industry Regulatory Authority (FINRA) for supervisory failures. FINRA believes that the supervisory failures began in 2007 when LPL allegedly did not properly supervise the sale of complex products. FINRA also alleges that the system LPL had in […]

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Broker to Celebs Barred by FINRA

By Tom Costello of Costello Law Group  Aaron Parthemer, a Wells Fargo financial advisor to pro athletes and celebrities, has been banned from the securities industry. The Financial Industry Regulatory Authority (FINRA) claimed that Parthemer failed to disclose multiple outside business activities including running a popular Miami nightclub, Club Play. FINRA believes that […]

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