News

Cold Spring Makes Debut at Vegas MoneyShow

May 11, 2015

Stock Loss Recovery Pioneers to be only Company of its Kind at Event

Cold Spring Advisory Group, (Cold Spring), the nation’s leading stock loss consulting firm, will be bringing its expertise to the renowned MoneyShow Las Vegas for the first time on May 12 through May 14, 2015 at the Caesars Palace Convention Center.  Specializing in reviewing, analyzing and preparing claims of broker mismanagement and abuse, Cold Spring Advisory will be representing the industry as the only stock loss recovery firm at the Show this year.

Broker Forges Deceased Client's Signature, Gets Barred

April 23, 2015

Former broker Mark Douglas Weindling was barred from associating with any FINRA (Financial Industry Regulatory Authority) member in any capacity yesterday after he refused to comply with FINRA's multiple requests for information.

Mr. Weindling, a registered broker with JHS Capital Advisors since 2012, was terminated by the firm on On May 16, 2014 for executing transactions in a deceased client's account. The Form U5 filed by JHS also stated that Mr. Weindling forged the deceased customer's signature on at least two separate occasions.

First NY Securities Fined $400,000

April 20, 2015

First New York Securities L.L.C., located on Park Avenue in New York City was fined $400,000 and ordered to revise its supervisory procedures and internal controls to detect insider trading by its registered stockbrokers. The firm submitted a letter of acceptance, waiver and consent (AWC) to the Financial Industry Regulatory Authority (FINRA) to findings that it did not have a system in place to review trading accounts for insider trading or to detect red flags that could be indications of insider trading such as high volumes of trading before a news announcement.

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