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Articles Posted in Future Income Payments

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Investor Alert: Iorio Altamirano LLP Investigates Titan Securities Over Sale of Future Income Payments  

On June 8, 2021, the Financial Industry Regulatory Authority (“FINRA”) and Titan Securities entered into a Letter of Acceptance, Waiver, and Consent (“AWC”) whereby Titan Securities consented to a censure and $20,000 fine.  The sanctions are a result of Titan Securities’ failure to properly conduct an evaluation of a broker’s…

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Burlington, Vermont Financial Advisor Louis Olave Suspended by FINRA

The Financial Industry Regulatory Authority (“FINRA”) has suspended broker Louis Olave from the securities industry for three months and ordered him to pay a $5,000 fine.  FINRA sanctioned Mr. Olave because he solicited seven clients to purchase $217,477 worth of Future Income Payments, LLC.   This blog has previously written about…

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Palm City, Florida Financial Advisor, Richard Shelley, Formerly of Packerland Brokerage Services, Inc., Suspended by FINRA

The Financial Industry Regulatory Authority (“FINRA”) has suspended broker Richard Scott Shelley from the securities industry for one month and ordered him to pay a $5,000 fine.  FINRA sanctioned Mr. Shelley because he solicited a client to purchase $29,500 worth of Future Income Payments, LLC.  This blog has previously written…

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Neemit M. Shah Suspended for Six Months for Recommending Future Income Payments, LLC – Glen Allen, Virginia

In October 2020, FINRA suspended financial advisor Neemit M. Shah (CRD #4812480) for six months from the securities industry and ordered him to pay a $5,000 fine.  These sanctions arose from Mr. Shah’s solicitation of Future Income Payments, LLC.  This blog has previously written about Future Income Payments, LLC. FINRA…

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Micah W. Patterson Was Suspended for One Month for Soliciting Future Income Payments, LLC – Centerville, Utah

In June 2020, FINRA suspended financial advisor Micha W. Patterson (CRD #5562392) for one month from the securities industry and ordered him to pay a $5,000 fine.  These sanctions arose from Mr. Patterson’s solicitation of Future Income Payments, LLC.  This blog has previously written about Future Income Payments, LLC. FINRA…

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David T. Phillips Suspended for Nine Months for Future Income Payments, LLC Solicitation – Gilbert, Arizona

FINRA has suspended stockbroker David T. Phillips (CRD #3094195) for nine months from the securities industry and ordered him to pay a $5,000 fine.  These sanctions arose from Mr. Phillips’ solicitation of Future Income Payments, LLC.  This blog has previously written about Future Income Payments, LLC. FINRA alleged that between…

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Troy R. Baily Suspended for Recommending Future Income Payments, LLC – Omaha, Nebraska

FINRA has suspended stockbroker Troy R. Baily (CRD #4458930) for six months from the securities industry and ordered him to pay a $5,000 fine.  These sanctions arose from Mr. Baily’s solicitation of Future Income Payments, LLC.  This blog has previously written about Future Income Payments, LLC. FINRA alleged that between…

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Lonna R. Dehn Ristvedt Suspended for Soliciting Customers to Buy Future Income Payments, LLC – Fargo, North Dakota

FINRA has suspended stockbroker Lonna Rae Dehn Ristvedt (CRD #2277778) for four months from the securities industry and ordered her to pay a $5,000 fine.  These sanctions arose from Ms. Dehn Ristvedt’s solicitation of Future Income Payments, LLC.  This blog has previously written about Future Income Payments, LLC. FINRA alleged…

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John Westbrook Suspended for Future Income Payments, LLC Solicitation – Montgomery, Alabama

FINRA has suspended stockbroker John A. Westbrook (CRD #1846059) for five months from the securities industry and ordered him to pay a $5,000 fine.  These sanctions arose from Mr. Wesbrook’s solicitation of Future Income Payments, LLC.  This blog has previously written about Future Income Payments, LLC. FINRA alleged that between…

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