securities industry

Maryland Court Upholds Sanctions Against “Money Guys” Adviser

Earlier this month, the Maryland Court of Special Appeals upheld sanctions imposed against Philip Rousseaux.   Rousseaux is a former financial adviser based in Towson, Maryland who is known for his “Money Guys” infomercials that aired on local television and radio stations. As a result of the court’s decision, Rousseaux and […]

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Middle River Man Barred from the Securities Industry

By Tom Costello of Costello Law Group Michael Roger Griffith of Middle River, Maryland was barred from the securities industry by the Financial Industry Regulatory Authority (FINRA). Griffith was accused of allegedly submitting an unauthorized life insurance application and setting up unauthorized automatic withdrawals from the customer’s bank account to fund the policy. […]

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NYC Broker Disbarment Pending

By Tom Costello of Costello Law Group  Miguel Ortiz, a New York financial advisor, was barred from the securities industry by FINRA after allegations of fraud. FINRA claims that Ortiz falsified account statements and concealed the account value of a joint account held by his one of his customers. The victims believe that […]

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