FINRA Disciplinary Actions

The Financial Industry Regulatory Authority (FINRA) has barred former Spartan Capital Securities advisor Ron Smith (CRD #6038062) after he refused to fully comply with requests for documents and communications related to an investigation into his trading activity. FINRA records show that Smith, now a broker with Sanford C. Bernstein & Co. and an investment advisor

The Financial Industry Regulatory Authority (FINRA) has barred former Morgan Stanley advisor Eric Kleiner (CRD #4135180) after he refused to provide documents and information requested as part of an investigation into his termination and alleged misconduct. According to a Letter of Acceptance, Waiver, and Consent (No. 2024084330501) signed in October 2025, FINRA sought materials related

The Financial Industry Regulatory Authority (FINRA) has barred former Integral Wealth Securities broker David Franklin (CRD #5236215) from the securities industry after he allegedly refused to cooperate with an investigation related to his termination and pending criminal charges. According to FINRA’s Letter of Acceptance, Waiver, and Consent (No. 2025086279401) filed in October 2025, Franklin failed

The Financial Industry Regulatory Authority (FINRA) has barred former Raymond James advisor Joe Gamez (CRD #4292479) for allegedly misusing client funds and refusing to cooperate with an investigation into his conduct. According to a Letter of Acceptance, Waiver, and Consent (No. 2025086809101) filed in October 2025, FINRA alleged that Gamez failed to produce documents and

The Financial Industry Regulatory Authority (FINRA) has barred Nicholas Armellino (CRD #3189691), a former broker with GMS Group in Jersey City, New Jersey, after he refused to provide testimony requested as part of a regulatory investigation. According to FINRA’s findings, the investigation began after receiving a regulatory tip suggesting possible misconduct. While Armellino initially cooperated,