When communicating online or investing with any professional, make sure you know who you’re dealing with. Imposters might link to sites like BrokerCheck from phishing or similar scam websites, or through social media , trying to steal your personal information or your money. Please contact FINRA with any concerns.
CEASE AND DESIST ORDER NO.CD-2008-0021 ALONG WITH NOTICE OF RIGHT TO A HEARING ATTACHED AND MADE APART THEREOF, GIVING RESPONDENTS 28 DAYS TO PERFECT A HEARING, WAS ISSUED TO ROTHSCHILD INVESTMENT CORP., BRADLEY C. DRAKE, JOHN WELCH, BART BONGA, AND DALE BONGA,FOR TRANSACTING SECURITIES BUSINESS IN THE STATE OF ALABAMA AS A DEALER OR AGENT FOR SECURITIES WITHOUT PROPER REGISTRATION AND WITHOUT BENEFIT OF BROKER-DEALER REGISTRATION.ON 10/20/2008 CONSENT ORDER CO-2008-0021 WAS ISSUED TO RESPONDENTS, ROTHSCHILD INVESTMENT CORP., BRADLEY C. DRAKE, JOHN WELCH, BART BONGA AND DALE BONGA WHICH RESOLVED CD-2008-0021 THAT WAS ISSUED 07/09/2008 TO ALL RESPONDENTS.ORDERED TO PAY $13646.82 ADMINISTRATIVE ASSESSMENT AND $4000.00 INVESTIGATIVE COSTS.MONETARY FINE PAID BY THE FIRM.ADMINISTRATIVE FINE ISSUED AGAINST FIRM.
Resolution
Consent
Sanctions
Monetary/Fine
Amount
$17,646.82
Sanctions
ORDERED TO PAY $13646.82 ADMINISTRATIVE ASSESSMENT AND $4000.00 INVESTIGATIVE COSTS.
Sanction Details
ON 10/20/2008 CONSENT ORDER CO-2008-0021 WAS ISSUED TO RESPONDENTS, ROTHSCHILD INVESTMENT CORP., BRADLEY C. DRAKE, JOHN WELCH, BART BONGA AND DALE BONGA WHICH RESOLVED CD-2008-0021 THAT WAS ISSUED 07/09/2008 TO ALL RESPONDENTS.ORDERED TO PAY $13646.82 ADMINISTRATIVE ASSESSMENT AND $4000.00 INVESTIGATIVE COSTS.MONETARY FINE PAID BY THE FIRM.ADMINISTRATIVE FINE ISSUED AGAINST FIRM.
Broker Comment
RECEIVED NOTIFICATION ON JULY 22, 2008. IMPROPER REGISTRATION BY FIRM. FIRM PAID MONETARY FINE. NO ACTION AGAINST BROKER. FIRM AND BROKER NOW REGISTERED.
Disclosures can be customer complaints or arbitrations, regulatory actions, employment terminations, bankruptcy filings and certain civil or criminal proceedings that they were a part of.
Disclosures can be customer complaints or arbitrations, regulatory actions, employment terminations, bankruptcy filings and certain civil or criminal proceedings that they were a part of.