FINRA Suspends 25+ Representatives in February 2018
More than two dozen brokers and/or investment advisers were reported as suspended from association Financial Industry Regulatory Authority member firms in February 2018, according to FINRA’s list of disciplinary actions issued last month. The below individuals have signed letters of Acceptance, Waiver and Consent (AWC Letters) agreeing to FINRA’s suspensions; they have not admitted to or denied the alleged conduct. Suspensions may apply to association in a principal capacity or all capacities. Some of these sanctions may have been lifted before or since FINRA’s report was released last month. Furthermore, the fines listed below may not account for the full sums paid by the sanctioned representatives; some may have been ordered to pay restitution and/or disgorgement in addition to fines. Visit FINRA’s disciplinary action records for more information.
| Name | Current/Former Employers | Length of Suspension | Fines paid |
| Joseph Abbate | Wells Fargo Clearing Services | 20 days | $5,000 |
| Nolan Dudley Baird Jr. | Stifel Nicolaus & Company | 15 days | $7,500 |
| Peter Louis Pavlina | Hamersley Partners | 2 months | $10,000 |
| Brenton Louis Bataille | Spencer Edwards | 10 days | $5,000 |
| Benjamin James Herauf | Edward Jones | 6 months | $5,000 |
| Joseph Daniel Krueger II | Robert W. Baird & Company | 3 months | $5,000 |
| Joseph Alan Lavigne | Spencer Edwards | 30 days (all capacities) 20 days (principal capacity) | $14,500 |
| Steven Chin Quoy | Spencer Edwards | 10 days | $7,500 |
| Richard Albert Seefried | Spencer Edwards | 30 days | $10,000 |
| Eli Lazarowitz | BNP Paribas Prime Brokerage | 45 days | $5,000 |
| Michael Nicholas Guilfoyle | Four Points Capital Partners | 10 months | $10,000 |
| Jess Elliott Roberts | Foresters Financial Sevices | 3 months | $10,000 |
| Kenneth S. Alter | Stifel Nicolaus & Company | 10 days | $5,000 |
| Steven Arthur Bumbera | Kovack Securities | 45 days | $4,000 |
| Wayne Ivan Miiller | Aeon Capital | 6 months (principal capacity) | $10,000 |
| Janet Lynn Ross | Accelerated Capital Group | 2 years (principal capacity) | $10,000 |
| Ashley Elmo Arnsdorff | BB&T Investment Services | 10 days | $5,000 |
| Carol Lipner | Cirrus Research | 45 days | $17,500 |
| Walter Sanfrid Olsson | Raymond James Financial Services | 4 months | $5,000 |
| Gary Bruce Weiss | Salomon Whitney Financial | 30 days (principal capacity) | $5,000 |
| Lawrence John Fawcett Jr. | Westpark Capital | 15 days | $2,500 |
| Gary Raymond Gray | Wells Fargo Clearing Services | 3 months | $10,000 |
| Nicholas Victor Kayal | ADP Broker-Dealer | 20 days | $5,000 |
| Shannon Lynn Lewis | State Farm VP Management Corporation | 6 months | $7,500 |
| Roseann Palermo | Chelsea Financial Services | 1 month | $5,000 |
| Mircea Cristian Sauciuc | Morgan Stanley | 60 days | $10,000 |
| Craig Alan Sutherland | Money Concepts Capital Corporation | 15 days | $5,000 |
| John William Bernard | Independent Financial Group | 20 dyas | $5,000 |
| Jon William Stagnone | Fidelity Brokerage Services | 2 months | $5,000 |