February Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on March 17, 2019 list 10 brokers and/or investment advisers reported as having received suspensions from association with FINRA member firms in February 2019. The investment professionals included below have signed letters of Acceptance, Waiver and Consent (AWC Letters) consenting to FINRA’s sanctions; they have not admitted to or denied the underlying conduct alleged by FINRA. Some of these suspensions may affect the broker or adviser’s operation in a principal capacity or other capacities, and some actions may have lifted before or after the publication of FINRA’s report. It should also be noted that the fines enumerated may not encompass all penalties paid, which may also include restitution and/or disgorgement. The individuals include Danijel Velicki, sanctioned in connection to allegations he “instructed his assistant to use his unique log-in credentials to access and complete firm element continuing education coursework on his behalf”; Michael Jackson, sanctioned in connection with allegations he exercised discretion without obtaining approval from the customer or providing prior written notice to the firm; Scott Dolven, sanctioned in connection with allegations he failed to timely disclose federal tax liens and state tax warrants; Peter Marketos, sanctioned in connection to allegations he made unsuitable recommendations; and Thaddeus North, sanctioned in connection with allegations he failed to establish a reasonable supervisory system for the review of electronic correspondence at his member firm and for the reasonable review of such correspondence. More information is available at FINRA’s disciplinary action homepage.

Name Current/Former Employers Fine Paid Length of Suspension
James Edward Armstrong Sr. Royal Alliance Associates $5,000 2 months
Danijel Velicki MML Investors Services $2,500 3 months
Michael Dennis Jackson Securities America $10,000 6 months
Scott Gary Dolven Lincoln Financial Advisors Corporation $5,000 2 months
Holly Louise Walcher Raymond James & Associates $5,000 2 months
Annemarie Thomas Wells Fargo Clearing Services $5,000 6 months
Peter Chris Marketos Cantella & Company $20,000 1 year
Seth Andrew Nannini Capital Investment Group n/a 4 months
Thaddeus James North Kuhns Brothers Securities Corporation $40,000 30 days