Finra disciplinary actions6/28/2023 ![]() The Commission alleged that from 2016 through 2018, a business Laws controlled transferred over one million dollars of investors’ funds to purchase a silver mine, acquire mining claims, purchase mining equipment, and for other corporate related activity. Thomas Laws, a registered representative from Silver City, New Mexico, formerly with HD Vest Investment Services, was barred from FINRA membership as a result of an SEC investigation into alleged misconduct in his handling of investor funds. ![]() Thomas Laws of Silver City, New Mexico charged by the SEC and Barred by FINRA In addition to being a broker and an investment advisor, Roach prepared financial statements for DC Solar which the prosecutors argued improperly stated the returns being generated for investors on the DC Solar transactions. He is scheduled to be sentenced on Januand faces a maximum of 10 years in prison as a result of a scam involving the sale and lease back of mobile solar electrical generators.ĭC Solar, the company with which Roach and Joseph Bayliss were affiliated, solicited investors by stressing the tax benefits available from solar energy investments. The Court accepted his guilty plea on October 22, 2019. ![]() Ronald Roach, a registered representative from Walnut Creek, California, formerly with Securities America, was barred from association with any broker dealer or registered investment advisor by the SEC after pleading guilty to wire fraud and securities fraud charges related to DC Solar. Ronald Roach a broker with Securities America Barred over DC Solar transactions.
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