Law

Jacob Lee Harper Suspended 22 Months by FINRA for $50,000 in Improper Customer Loans – AlphaBetaStock.com

The SEC obtained a revised final judgment against Shane Schmidt on July 17, 2026, in Litigation Release LR-26588. Investors may still have recovery options.

The SEC charged Zan Shaikh and Bright Vision Distribution LLC in SEC Litigation Release LR-26590 for an alleged retail investment fraud scheme.

The SEC charged Quest Education L.L.C. and several principals with collecting roughly $2.5 million in unregistered broker commissions while soliciting retail customers into private offerings.

The SEC charged David Kushner and La Mancha Funding Corp. with raising $10.49 million through a sports-agent lending scheme that misappropriated at least $2.14 million in undisclosed fees.

The SEC charged American Patriot Brands and affiliated entities in a $30 million cannabis investment fraud scheme, alleging unregistered securities offerings and misrepresentation of material facts.

Kim Tran, a former NYLife Securities representative with CRD 5575725, accepted a nine-month FINRA suspension and $5,000 fine after allegedly falsifying life insurance policy loans exceeding $14,000.

Financial Industry Regulatory Authority regulators suspended former broker Jacob Lee Harper for 22 months after finding that he improperly borrowed $50,000 from two customers while registered with a member firm. Harper also faces a deferred

The Securities and Exchange Commission secured a final judgment on July 10, 2026, against American Patriot Brands and its executives Robert Y. Lee and Brian L. Pallas. The order requires the cannabis company and related