SEC News
- SEC Charges Chicago-Area Father and Son Conducted Cherry-Picking Scheme at Investment Firm May 16, 2013FOR IMMEDIATE RELEASE2013-90 Washington, D.C., May 16, 2013 — The Securities and Exchange Commission today charged a father and son and their Chicago-area investment advisory firm with defrauding clients through a cherry-picking scheme that garnered them nearly $2 million in illicit profits, which they spent on luxury homes, vehicles, and vacations. Addition […]
- SEC Names Keith F. Higgins as Director of Division of Corporation Finance May 15, 2013FOR IMMEDIATE RELEASE2013-89 Washington, D.C., May 15, 2013 — The Securities and Exchange Commission today named Keith F. Higgins as the new director of the agency’s Division of Corporation Finance. Mr. Higgins comes to the SEC from the law firm of Ropes & Gray LLP where he is a partner in its Boston office with 30 years of experience advising public com […]
- SEC Names Lona Nallengara as Chief of Staff May 15, 2013FOR IMMEDIATE RELEASE2013-88 Washington, D.C., May 15, 2013 — The Securities and Exchange Commission today announced that Lona Nallengara has been named the agency’s chief of staff. Mr. Nallengara came to the SEC in March 2011 and served as deputy director for legal and regulatory policy in the Division of Corporation Finance until he was appointed in Decemb […]
- SEC Charges China-Based Executives in Scheme to Overstate Revenues and Divert Money for Personal Use May 15, 2013FOR IMMEDIATE RELEASE2013-87 Washington, D.C., May 15, 2013 — The Securities and Exchange Commission today charged husband-and-wife executives at a China-based company with engaging in a scheme to overstate the company’s revenues and divert proceeds from a securities offering for their personal use. Additional Materials SEC Complaint The SEC alleges that RIN […]
- SEC, FINRA Issue Investor Alert On Pension or Settlement Income Streams May 9, 2013FOR IMMEDIATE RELEASE2013-86 Washington, D.C., May 9, 2013 — The Securities and Exchange Commission and the Financial Industry Regulatory Authority (FINRA) today issued an investor alert entitled Pension or Settlement Income Streams – What You Need to Know Before Buying or Selling Them. The investor alert informs investors about the risks involved when selli […]
25
Chanse Keith Menendez, Sr., Barred by FINRA and Ordered to Pay Restitution
· Posted by admin in FINRA
Chanse Keith Menendez Sr. (CRD #2448467 Registered Representative, Hauppauge, NY) was barred from association with any FINRA member in any capacity and ordered to pay $44,930.03 in restitution, plus interest, to customers. The sanctions were based on findings that Menendez engaged in excessive and unsuitable trading in customers’ accounts when he did not have reasonable basis for believing that the volume of transactions he recommended and effected was suitable for the customers in light of the information he knew about the customers’ financial circumstances, investment objectives and needs. The finding stated that Menendez purchased and sold securities for customers’ accounts without regard for the customers’ investment interest for the purpose of generating commissions; therefore, his misconduct amounted to churning. The findings also stated that Menendez mischaracterized solicited trades as “unsolicited” in customers’ accounts, and caused his member firm’s books and records to be inaccurate. The findings also included that Menendez failed to appear for FINRA on-the-record-interviews. (FINRA Case #2007007400505)
This appeared on the FINRA website’s Disciplinary Actions for January, 2011.
If you have been a victim of the alleged fraudulent schemes of Chanse Keith Menendez or a similar situation, call a Securities Arbitration Lawyer for a free consultation on how to recover your losses. To speak with an attorney, call 888-760-6552, or visit www.stockmarketlawsuit.com. Soreide Law Group, PLLC., representing investors nationwide before FINRA the Financial Industry Regulatory Authority.
Chanse K. Menendez · Chanse Keith Menendez Sr · Chanse Menendez · churning · churning stocks · Financial Industry Regulatory Authority · FINRA · finra lawyer · finra securities arbitration · Ft. Lauderdale Securities Lawyer · solicited trades listed as unsolicited · Stock fraud lawyer · stockbroker misconduct · unauthorized trades · unsolicited calls selling stocks
