{"id":1691,"date":"2015-08-14T22:53:33","date_gmt":"2015-08-14T22:53:33","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2015\/08\/excaldwell_broker_is_barred_by"},"modified":"2022-03-22T14:26:31","modified_gmt":"2022-03-22T19:26:31","slug":"excaldwell-broker-is-barred-by","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/excaldwell-broker-is-barred-by\/","title":{"rendered":"Ex-Caldwell Broker is Barred by FINRA for Churning Accounts"},"content":{"rendered":"

\t\t\t\tThe Financial Industry Regulatory Authority has permanently barred ex-Caldwell International Securities Corp. broker Richard Adams from the industry. Adams is accused of churning<\/a> customer accounts.<\/p>\n

\u2028According to FINRA, from July 2013 to June 2014, Adams engaged in excessive trading and churned the accounts of two customers, making close to $57,000 in commissions. The customers lost over $37,000 as a result.<\/p>\n

Adams is also accused of not reporting numerous unsatisfied judgments and liens on his U4 Registration Form, which he is required to do under FINRA rules. By settling the civil case against him, Adams is not denying or admitting to the charges.<\/p>\n

Churning<\/strong>
\nThis type of illegal activity typically involves a broker engaging in the excessive selling or buying of securities in a customer account for the purpose of earning commissions. Signs of possible churning may include frequent in-and-out purchase and securities sales that appear unrelated to the customer’s investment goals.
\n Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Financial Industry Regulatory Authority has permanently barred ex-Caldwell International Securities Corp. broker Richard Adams from the industry. Adams is accused of churning customer accounts. \u2028According to FINRA, from July 2013 to June 2014, Adams engaged in excessive trading and churned the accounts of two customers, making close to $57,000 in commissions. The customers lost […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3739],"tags":[],"class_list":["post-1691","post","type-post","status-publish","format-standard","hentry","category-finra"],"yoast_head":"\nEx-Caldwell Broker is Barred by FINRA for Churning Accounts — Investor Lawyers Blog — August 14, 2015<\/title>\n<meta name=\"description\" content=\"The Financial Industry Regulatory Authority has permanently barred ex-Caldwell International Securities Corp. broker Richard Adams from the industry. — August 14, 2015\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/excaldwell-broker-is-barred-by\/\" \/>\n<meta name=\"twitter:card\" 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