Description:
News and views on companies and individuals failing regulatory compliance rules around the world
Contents:
USA: Disciplinary action filed against Florida individual
As published in the Financial Industry Regulatory Authority (FINRA) disciplinary actions report for May 2012, Brian Martin Dunlevy of Sunny Isles, Florida was suspended for failure to provide information or keep information current pursuant to FINRA rule 9552(d).
USA: Florida individual suspended by FINRA
As published in the Financial Industry Regulatory Authority (FINRA) disciplinary actions report for May 2012, Jerry Eaton Clark Jr. of Orlando, Florida was suspended for failure to provide information or keep information current pursuant to FINRA rule 9552(d).
USA: FINRA suspends Iowa individual
As published in the Financial Industry Regulatory Authority (FINRA) disciplinary actions report for May 2012, Mark Andrew Capristo of West Des Moines, Iowa was suspended for failure to provide information or keep information current pursuant to FINRA rule 9552(d).
USA: Utah individual suspended by FINRA
As published in the Financial Industry Regulatory Authority (FINRA) disciplinary actions report for May 2012, Lance Ralph Butler of Syracuse, Utah was suspended for failure to provide information or keep information current pursuant to FINRA rule 9552(d).
USA: Disciplinary action filed against California individual
As published in the Financial Industry Regulatory Authority (FINRA) disciplinary actions report for May 2012, James Alfred Bruffett of Cottonwood, California was suspended for failure to provide information or keep information current pursuant to FINRA rule 9552(d).
United Kingdom: Companies House disqualifies Kent resident
The Companies House of United Kingdom included the name John Edward Butt of 36 Princess Parade, Waterside, Crayford, Dartford, Kent in the list of Register of Disqualified Directors effective from April 28, 2009 to April 27, 2015.
United Kingdom: Companies House issues list of disqualified directors
The Companies House of United Kingdom included the name Darren Paul Butt of Cheylesmore House 75, Ebury Bridge Road, London in the list of Register of Disqualified Directors effective from June 17, 2011 to June 16, 2023.
United Kingdom: Companies House disqualifies West Midlands resident
The Companies House of United Kingdom included the name Amir Saeed Butt of 10 Conway Road,
Sparkbrook, Birmingham, West Midlands in the list of Register of Disqualified Directors effective from December 20, 2002 to December 19, 2012.
United Kingdom: Companies House issues list of disqualified directors
The Companies House of United Kingdom included the name Amer Butt of 9 Eastmead, 29 Eastwood Road, Ilford, Essex in the list of Register of Disqualified Directors effective from March 30, 2010 to March 29, 2015.
United Kingdom: Companies House disqualifies Middlesex resident
The Companies House of United Kingdom included the name Abdul Jabbar Butt of 47 Nettleden Avenue, Wembley, Middlesex in the list of Register of Disqualified Directors effective from March 16, 2007 to March 15, 2020.
USA: Ex-floor broker to pay $600,000 for margin call avoidance scheme
On May 23, 2012 U.S. Commodity Futures Trading Commission (CFTC) announced that it had obtained a federal court consent order of permanent injunction requiring defendant, Kent R.E. Whitney, a former floor broker of Chicago, Ill., to pay a $600,000 civil monetary penalty for making false and misleading statements to Chicago Mercantile Exchange representatives, futures commission merchants, and others in connection with an elaborate scheme to trade options without posting the required margin (see CFTC Press Release 5952-10, December 10, 2010). The consent order, entered May 22, 2012, by Judge Paul A. Engelmayer, of the U.S. District Court for the Southern District of New York, also imposes permanent trading and registration bans against Whitney and permanently prohibits him from further violations of the Commodity Exchange Act and CFTC regulations, as charged.
Canada: Individual sanctioned by BCSC for fraud
On May 23, 2012 British Columbia Securities Commission (BCSC) published that the panel has sanctioned a B.C. man for committing fraud and engaging in unregistered trading. In March 2012, a commission panel found that Michael Robert Shantz committed fraud through his company, Canada Pacific Consulting Inc. (CPC), by soliciting German and Swiss residents to open trading accounts with CPC. Shantz and CPC claimed that they would conduct gold futures or foreign exchange trading on behalf of these individuals. Between June 2009 and September 2010, 11 German and Swiss investors deposited $1.5 million with CPC for investment in gold futures and foreign exchange. CPC told them that the investments were low risk.
USA: New York individual suspended by FINRA
As published in the Financial Industry Regulatory Authority (FINRA) disciplinary actions report for May 2012, Sean Patrick Bess of Springfield Gardens, New York was suspended for failure to provide information or keep information current pursuant to FINRA rule 9552(d).
USA: FINRA suspends Oregon individual
As published in the Financial Industry Regulatory Authority (FINRA) disciplinary actions report for May 2012, Jose L. Banuelos of Salem, Oregon was suspended for failure to provide information or keep information current pursuant to FINRA rule 9552(d).
USA: Nevada individual suspended by FINRA
As published in the Financial Industry Regulatory Authority (FINRA) disciplinary actions report for May 2012, Leonaida A. Ancheta-Torres of Las Vegas, Nevada was suspended for failure to provide information or keep information current pursuant to FINRA rule 9552(d).
USA: Disciplinary action filed against New York individual
As published in the Financial Industry Regulatory Authority (FINRA) disciplinary actions report for May 2012, David Song of Whitestone, New York was suspended for failure to comply with an arbitration award or settlement agreement pursuant to FINRA rule 9554.
USA: FINRA suspends Florida individual
As published in the Financial Industry Regulatory Authority (FINRA) disciplinary actions report for May 2012, Mark Weber Sidell of Boca Raton, Florida was suspended for failure to comply with an arbitration award or settlement agreement pursuant to FINRA rule 9554.
United Kingdom: Companies House disqualifies Lancashire resident
The Companies House of United Kingdom included the name David James Bailey of 103 Hardhorn Road, Poulton-le-Fylde FY6, Lancashire in the list of Register of Disqualified Directors effective from August 12, 2011 to August 11, 2017.
United Kingdom: Companies House issues list of disqualified directors
The Companies House of United Kingdom included the name Jonathan Baigent of Fuchsia Cottage, 2 Shanklin Road, Sandford, Godshill, Isle of Wight in the list of Register of Disqualified Directors effective from July 20, 2009 to July 19, 2014.
United Kingdom: Companies House disqualifies Kent resident
The Companies House of United Kingdom included the name Zia Gul Baig of Dover immigration removal centre, Dover, Kent in the list of Register of Disqualified Directors effective from July 16, 2009 to July 15, 2019.
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