FINRA Proposal Protects Elderly

Posted on Jan 25, 2017

FINRA filed a proposed rule with the SEC in an effort to protect elderly investors from financial exploitation.  The proposed rules would 1) require Firms to make a reasonable effort to obtain the name and contact information of a trusted member of an elderly client’s family before authorizing a suspected trade; and 2) permit Firms to place a temporary hold on funds or securities where there’s a reasonable belief of exploitation or fraud.  Read More.  ...

Churning & Unsuitable Trading Results in FINRA Suspension of Donald Bartelt

Posted on Jan 18, 2017

Donald Andrew Bartelt, Cave Creek, Arizona, was suspended by FINRA from November 21, 2016 thru February 20, 2017 for unsuitable trading in customer accounts.  Bartelt was found to be trading for his own benefit, completing excessive and inconsistent trading activity, churning, and disregarding client investment objectives.  See Page...