Bad Brokers

According to FINRA, Ariel A. Rivero had his registration revoked pursuant to FINRA Rule 8320 for failure to pay fines and costs associated with a prior disciplinary matter.

The revocation was in effect from May 2, 2025, through August 12, 2025, at which point it was rescinded, indicating Rivero c...

Read More

According to FINRA, Ariel A. Rivero had his registration revoked pursuant to FINRA Rule 8320 for failure to pay fines and costs associated with a prior disciplinary matter.

The revocation was in effect from May 2, 2025, through August 12, 2025, at which point it was rescinded, indicating Rivero came into compliance with his payment obligations.

The underlying disciplinary matter was FINRA Case #2021072830601.

FINRA Rule 8320 allows FINRA to revoke the registration of any person who fails to pay fines or costs imposed in a disciplinary proceeding. This enforcement mechanism ensures that sanctions have meaningful consequences and that individuals cannot simply ignore financial penalties.

When registration is revoked, the individual cannot associate with any FINRA member firm in any capacity. This effectively bars them from working in the securities industry until they comply with their payment obligations.

For investors, revocations for failure to pay fines may indicate financial difficulties or a disregard for regulatory obligations. While the revocation was rescinded after payment, the underlying disciplinary matter that resulted in fines may be relevant to understanding the individual's regulatory history.

Before working with any financial professional, check their complete disciplinary history on BrokerCheck at brokercheck.finra.org. Review not only current status but also past disciplinary actions and how they were resolved.

Show Less

According to FINRA, William Shane Garrow was barred from association with any FINRA member firm pursuant to FINRA Rule 9552(h) for failure to provide information or keep information current.

The bar became effective on August 19, 2025.

Under FINRA Rule 9552(h), when an individual subject to su...

Read More

According to FINRA, William Shane Garrow was barred from association with any FINRA member firm pursuant to FINRA Rule 9552(h) for failure to provide information or keep information current.

The bar became effective on August 19, 2025.

Under FINRA Rule 9552(h), when an individual subject to suspension under the rule fails to request termination of the suspension within three months, FINRA may bar the individual from association with any member firm. This means Garrow was initially suspended for failing to provide information, and after three months without coming into compliance, the suspension converted to a permanent bar.

A bar from the securities industry is a serious sanction that permanently prohibits an individual from working with any FINRA member firm in any capacity.

The underlying reason for the information request is contained in FINRA Case #2024081829901. When individuals fail to provide information to FINRA, it prevents the regulator from investigating potential misconduct and protecting investors.

For investors who had dealings with Garrow, the bar means he can no longer work in the securities industry. However, the underlying matter that prompted FINRA's information request may never be fully investigated due to his failure to cooperate.

If you have concerns about transactions or advice provided by Garrow, consider consulting with a securities attorney about your options. You may also file a complaint with FINRA even though Garrow is no longer registered.

Show Less

According to FINRA, Noah Dewayne Shaw was barred from association with any FINRA member firm pursuant to FINRA Rule 9552(h) for failure to provide information or keep information current.

The bar became effective on August 11, 2025.

When FINRA requests information from a registered person and ...

Read More

According to FINRA, Noah Dewayne Shaw was barred from association with any FINRA member firm pursuant to FINRA Rule 9552(h) for failure to provide information or keep information current.

The bar became effective on August 11, 2025.

When FINRA requests information from a registered person and that person fails to respond, FINRA may suspend the individual. If the suspension continues for three months without the individual requesting termination by coming into compliance, the suspension automatically converts to a permanent bar under FINRA Rule 9552(h).

The underlying information request is documented in FINRA Case #2025084719001. The specific nature of FINRA's investigation that prompted the information request is not disclosed in this action.

A bar from the securities industry is permanent and prohibits the individual from working with any FINRA member firm in any capacity, including any role that involves securities activities.

For investors, bars for failure to provide information raise concerns because the underlying regulatory investigation remains unresolved. FINRA may have been investigating serious misconduct, but without the individual's cooperation, the investigation cannot be completed.

If you had business dealings with Shaw and have concerns about your accounts or investments, consider reviewing your statements carefully and consulting with a securities attorney if you identify any issues. The inability to complete the underlying investigation means potential misconduct may never be formally adjudicated.

Show Less

According to FINRA, Amber Nicole Cook was suspended pursuant to FINRA Rule 9552(d) for failure to provide information or keep information current.

The suspension was in effect from June 16, 2025, through August 27, 2025, when it was lifted, indicating Cook came into compliance with FINRA's inform...

Read More

According to FINRA, Amber Nicole Cook was suspended pursuant to FINRA Rule 9552(d) for failure to provide information or keep information current.

The suspension was in effect from June 16, 2025, through August 27, 2025, when it was lifted, indicating Cook came into compliance with FINRA's information requirements.

FINRA Rule 9552(d) provides that a person who fails to provide information or keep information current may be suspended until the information is provided. The suspension prevents the individual from associating with any FINRA member firm until compliance is achieved.

The underlying matter is documented in FINRA Case #2024084068801.

For investors, suspensions that are subsequently lifted indicate the individual eventually cooperated with FINRA's information requests. However, the underlying matter that prompted the request may still be under investigation or may have resulted in other regulatory actions.

If you had dealings with Cook and have concerns about your accounts, verify that any transactions during the suspension period were not affected and that your accounts are properly positioned going forward.

Show Less

According to FINRA, Bernie Mohar was suspended from association with any FINRA member firm pursuant to FINRA Rule 9552(d) for failure to provide information or keep information current.

The suspension became effective on August 25, 2025. As of the report date, the suspension had not been lifted.
...

Read More

According to FINRA, Bernie Mohar was suspended from association with any FINRA member firm pursuant to FINRA Rule 9552(d) for failure to provide information or keep information current.

The suspension became effective on August 25, 2025. As of the report date, the suspension had not been lifted.

FINRA Rule 9552(d) allows FINRA to suspend individuals who fail to respond to information requests. If the individual fails to request termination of the suspension within three months by coming into compliance, the suspension may convert to a permanent bar under Rule 9552(h).

The underlying matter is documented in FINRA Case #2025084985401.

Suspensions for failure to provide information are concerning because they prevent FINRA from investigating potential misconduct. When registered persons refuse to cooperate with regulatory inquiries, it may indicate they have something to hide, or it may simply reflect a decision to exit the industry rather than cooperate.

For investors who had dealings with Mohar, be aware that the suspension means he cannot conduct securities business on your behalf. If you have accounts that were serviced by Mohar, contact your firm to ensure a different registered representative is assigned to handle your account.

Monitor the status of this matter, as a three-month failure to comply will result in a permanent bar from the industry.

Show Less

According to FINRA, Kathleen Rashleigh was suspended from association with any FINRA member firm pursuant to FINRA Rule 9552(d) for failure to provide information or keep information current.

The suspension became effective on August 25, 2025. As of the report date, the suspension had not been li...

Read More

According to FINRA, Kathleen Rashleigh was suspended from association with any FINRA member firm pursuant to FINRA Rule 9552(d) for failure to provide information or keep information current.

The suspension became effective on August 25, 2025. As of the report date, the suspension had not been lifted.

The underlying matter is documented in FINRA Case #2025084994601.

Under FINRA's rules, registered persons have an obligation to provide information when requested by the regulator. This obligation is a condition of registration and exists to enable FINRA to conduct effective oversight of the securities industry.

When individuals fail to provide requested information, FINRA may suspend them from association with any member firm. If the suspension continues for three months without compliance, it converts to a permanent bar.

For investors, this suspension means Rashleigh cannot conduct securities activities on your behalf. If Rashleigh was your registered representative, contact your firm to ensure your accounts are being properly serviced.

The underlying reason for FINRA's information request is not disclosed in this action. Investors with concerns about their accounts or transactions involving Rashleigh should review their statements and consider consulting with a securities attorney if they identify any issues.

Show Less

According to FINRA, George Stratis was suspended from association with any FINRA member firm pursuant to FINRA Rule 9552(d) for failure to provide information or keep information current.

The suspension became effective on August 18, 2025. As of the report date, the suspension had not been lifted...

Read More

According to FINRA, George Stratis was suspended from association with any FINRA member firm pursuant to FINRA Rule 9552(d) for failure to provide information or keep information current.

The suspension became effective on August 18, 2025. As of the report date, the suspension had not been lifted.

The underlying matter is documented in FINRA Case #2024084277901.

Stratis's location was listed as Toronto, Ontario, Canada. FINRA has jurisdiction over individuals registered with U.S. broker-dealers regardless of their physical location.

For U.S. investors who may have dealt with Stratis, the suspension means he cannot conduct securities activities on behalf of any FINRA member firm. If you had accounts serviced by Stratis, verify that your accounts are being properly handled and that a different registered representative has been assigned if needed.

Suspensions for failure to provide information often precede more serious sanctions. If Stratis does not come into compliance within three months, the suspension may convert to a permanent bar from the securities industry.

Investors with concerns about transactions or advice provided by Stratis should review their account statements and consider consulting with a securities attorney about their options.

Show Less

According to FINRA, Anna Marie Verzosa was suspended from association with any FINRA member firm pursuant to FINRA Rule 9552(d) for failure to provide information or keep information current.

The suspension became effective on August 18, 2025. As of the report date, the suspension had not been li...

Read More

According to FINRA, Anna Marie Verzosa was suspended from association with any FINRA member firm pursuant to FINRA Rule 9552(d) for failure to provide information or keep information current.

The suspension became effective on August 18, 2025. As of the report date, the suspension had not been lifted.

The underlying matter is documented in FINRA Case #2024084451701.

Verzosa was located in Greenwich, Connecticut. The suspension prevents her from associating with any FINRA member firm until she comes into compliance with the information request.

Cooperation with FINRA information requests is a fundamental obligation of all registered persons. When individuals fail to respond to requests, it impedes FINRA's ability to investigate potential misconduct and protect investors.

The specific nature of FINRA's information request is not disclosed in this action. However, information requests typically arise in connection with investigations into potential rule violations or as part of routine examinations.

For investors who had business dealings with Verzosa, the suspension means she cannot conduct securities activities. Contact your firm to ensure your accounts are being properly serviced.

If the suspension continues for three months without compliance, it may convert to a permanent bar under FINRA Rule 9552(h). Monitor the status of this matter if you have ongoing concerns about your accounts.

Show Less

According to FINRA, Andrew S. Walters was suspended from association with any FINRA member firm pursuant to FINRA Rule 9552(d) for failure to provide information or keep information current.

The suspension was in effect from May 22, 2025, through August 7, 2025, when it was lifted, indicating Wal...

Read More

According to FINRA, Andrew S. Walters was suspended from association with any FINRA member firm pursuant to FINRA Rule 9552(d) for failure to provide information or keep information current.

The suspension was in effect from May 22, 2025, through August 7, 2025, when it was lifted, indicating Walters came into compliance with FINRA's information requirements.

The underlying matter is documented in FINRA Case #2024084337301.

When a suspension under Rule 9552 is lifted, it means the individual has provided the requested information or otherwise satisfied FINRA's requirements. However, the underlying investigation may continue, and additional regulatory actions could result depending on what the information reveals.

For investors who had dealings with Walters during or before the suspension period, the lifting of the suspension means Walters may again associate with FINRA member firms. However, the underlying matter that prompted the information request may still result in findings or sanctions.

Review your account statements and contact your firm if you have questions about how your accounts were handled during the suspension period. If you have concerns about Walters's conduct, you may file a complaint with FINRA regardless of whether additional formal action is taken.

Show Less

According to FINRA, Nathan Reed Waters was suspended from association with any FINRA member firm pursuant to FINRA Rule 9552(d) for failure to provide information or keep information current.

The suspension became effective on August 29, 2025. As of the report date, the suspension had not been li...

Read More

According to FINRA, Nathan Reed Waters was suspended from association with any FINRA member firm pursuant to FINRA Rule 9552(d) for failure to provide information or keep information current.

The suspension became effective on August 29, 2025. As of the report date, the suspension had not been lifted.

The underlying matter is documented in FINRA Case #2024084504201.

Waters was located in Sherman Oaks, California. The suspension prevents him from associating with any FINRA member firm in any capacity until he comes into compliance.

FINRA's authority to suspend individuals who fail to provide requested information is essential to effective securities regulation. Without this authority, individuals could simply refuse to cooperate with investigations and continue working in the industry.

If Waters does not come into compliance within three months of the suspension, it may convert to a permanent bar from the securities industry under FINRA Rule 9552(h).

For investors who had accounts or dealings with Waters, the suspension means he cannot conduct securities business on your behalf. Contact your firm to ensure your accounts are being properly serviced and that any pending matters are being handled.

If you have concerns about Waters's conduct or your investments, consider consulting with a securities attorney about your options.

Show Less