Month: January 2020

Posted on

Barred: John A. Chrysadakis Barred by FINRA

Barred

John A. Chrysadakis Barred by FINRA

An AWC was issued in which Chrysadakis was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Chrysadakis consented to the sanction and to the entry of findings that he refused to produce information and documents requested by FINRA after his member firm submitted a Uniform Termination Notice for Securities Industry Registration (Form U5) wherein it disclosed that he was permitted to resign while under internal review.

Read full report.

Posted on

Article: Silver Law Group Investigates Marijuana Company HEXO Corp. (HEXO)

Article - Media, Publications

Silver Law Group Investigates Marijuana Company HEXO Corp. (HEXO)

Silver Law Group, 06 January 2020

On October 4, 2019, HEXO Corp. announced the sudden resignation of its Chief Financial Officer (FCO), Michael Monahan, after four months in the position. The next trading day, the company’s stock closed down 6.4%. A few days after that, Bank of America analyst Christopher Carey downgraded the stock from “buy” to “underperform” and said that such an abrupt resignation from an experienced CFO would cause investors to wonder what they didn’t know. On October 10, 2019, HEXO released preliminary revenue data for the fourth quarter of 2019 that were almost 50% lower than their previous guidance. They also withdrew guidance for fiscal 2020 of up to $400 million in revenue.
Continue reading “Article: Silver Law Group Investigates Marijuana Company HEXO Corp. (HEXO)”

Posted on

Fined: Wintrust Investments LLC fka Wayne Hummer Investments L.L.C. Fined by FINRA

Fined

Wintrust Investments LLC fka Wayne Hummer Investments L.L.C. Fined by FINRA

An AWC was issued in which the firm was censured, fined $35,000 and required to revise its WSPs. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that in transactions involving municipal securities, it failed to exercise reasonable diligence in ascertaining the best market, and sell in such a market, so that the resultant price to the customer was as favorable as possible under prevailing market conditions.

Read full report.

 

Posted on

Fined: Merrill Lynch, Pierce, Fenner & Smith Incorporated Fined by FINRA

Fined

Merrill Lynch, Pierce, Fenner & Smith Incorporated Fined by FINRA

An AWC was issued in which the firm was censured and fined $150,000. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it executed municipal securities transactions with customers in an amount below an issue’s minimum denomination without an exception.

Read full report.

Posted on

Fined: Dash Financial Technologies LLC Fined by FINRA

Fined

Dash Financial Technologies LLC Fined by FINRA

A Letter of Acceptance, Waiver and Consent (AWC) was issued in which the firm was censured and fined $90,000. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it transmitted inaccurate Reportable Order Events (ROEs) to the Order Audit Trail System (OATS™), primarily due to the failure to append the correct special handling code to directed orders.

Read full report.

Posted on

Barred: John Joseph Cahill Barred by FINRA

Barred

John Joseph Cahill Barred by FINRA

An AWC was issued in which Cahill was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Cahill consented to the sanction and to the entry of findings that he refused to provide documents and information and to appear and provide on-the-record testimony requested by FINRA in connection with an investigation into allegations that he commingled and/or converted funds belonging to, and served as power-of-attorney for, an elderly individual who was his customer while he was associated with his former member firm.

Read full report.

Posted on

Article: Duty to Service – Evolving Roles in the Fire Service

Article - Media

Duty to Service – Evolving Roles in the Fire Service

Joseph McCarthy

SIZE UP, 1 January 2020

When I was asked by my fire chief to assume the role of department chaplain, I had a general understanding of what the chaplain’s responsibilities were, and they were rather limited in scope: say an occasional prayer at dinners and meetings and lead the firematic services when we laid a firefighter to rest.

PDF (1 page):  Size Up – 2020 Issue 1 (Joseph McCarthy – Duty to Service)

THE DOLLAR HAS NO INTRINSIC VALUE : DO YOUR ASSETS?