1ST DISCOUNT BROKERAGE, INC. of LAKE WORTH, FL is an SEC-registered investment adviser (CRD 39164). Regulatory assets under management: $131.4M. This firm reports disciplinary history on Form ADV.
Compensation: % of AUM, Hourly, Fixed.
Clients served: Individuals, High net worth, Pooled vehicles, Pensions, Charities, Other.
| Name | Role | Location |
|---|---|---|
| William Harold Jr Corley | MUNICIPAL PRINCIPAL; PRESIDENT; SHAREHOLDER | — |
| Aileen M Gallagher | FINOP | — |
| George Patrick Rohloff | CHIEF COMPLIANCE OFFICER; ROSFP | — |
| FISHER MICHAEL RAYMOND | EXECUTIVE VICE PRESIDENT | — |
| CORLEY WILLIAM HAROLD | PRESIDENT | — |
| CORLEY WILLIAM HAROLD JR | FINOP; SHAREHOLDER; SROP | — |
| PHILLIPS DONALD BRENT JR | MUNICIPAL SECURITIES PRINCIPAL | — |
| KALK YULIA | CHIEF COMPLIANCE OFFICER | — |
| GALLAGHER AILEEN M | FINOP | — |
| KOHANY ROBERT STEVE JR | ROSFP | — |
| CUELLO MARYANN NARANJA | FINOP | — |
| Initiated | Type | Allegations | Status | Amount |
|---|---|---|---|---|
| 2016-11-09 | regulatory | A.) FAILED TO ESTABLISH, MAINTAIN AND ENFORCE A REASONABLY-DESIGNED SUPERVISORY SYSTEM AND WSPS REGARDING NON-TRADITIONAL ETFS B.) UNSUITABLE NON-TRADITIONAL ETF TRANSACTIONS | Final | $50K |
| 2015-04-23 | regulatory | WITHOUT ADMITTING OR DENYING THE FINDINGS, THE FIRM CONSENTED TO THE SANCTIONS AND TO THE ENTRY OF FINDINGS THAT IT EXECUTED SALES WITHOUT CONDUCTING A REASONABLE SEARCHING INQUIRY TO DETERMINE WHETHER THE SECURITIES WERE REGISTERED OR THE TRANSACTIONS WERE SUBJECT TO AN EXEMPTION FROM REGISTRATION… | Final | $60K |
| 2012-01-23 | regulatory | THE PROCEEDINGS AROSE OUT OF 1DB'S AND A FORMER EMPLOYEE'S FAILURE REASONABLY TO SUPERVISE A REGISTERED REPRESENTATIVE ("RR") WITH A VIEW TO PREVENTING AND DETECTING HIS VIOLATIONS OF SECTION 17(A) OF THE SECURITIES ACT OF 1933 ("SECURITIES ACT"), AND SECTIONS 10(B) AND 15(A) OF THE EXCHANGE ACT AND… | Final | $40K |
| 2009-04-27 | regulatory | MSRB RULE G-14 - 1ST DISCOUNT BROKERAGE, INC. FAILED TO REPORT INFORMATION REGARDING PURCHASE AND SALE TRANSACTIONS EFFECTED IN MUNICIPAL SECURITIES TO THE REAL-TIME TRANSACTION REPORTING SYSTEM (RTRS) IN THE MANNER PRESCRIBED BY RULE G-14 RTRS PROCEDURES AND THE RTRS USERS MANUAL; THE FIRM FAILED T… | Final | $5K |
| 2008-09-22 | regulatory | THE FIRM FAILED TO RECORD THE CORRECT TIME OF TRADE EXECUTIONS FOR 29 TRANSACTIONS IN TRACE ELIGIBLE SECURITIES (OR APPROXIMATELY 10 PERCENT OF THE TOTAL NUMBER OF TRADES REPORTED TO TRACE BY THE FIRM DURING THE REVIEW PERIOD) DURING THE PERIOD FROM JAN 1, 2007 THROUGH MARCH 31, 2007. | Final | $7K |
| 2004-03-17 | regulatory | CONDUCTING INVESTMENT ADVISORY BUSINESS IN FL WITHOUT HAVING AT LEAST ONE PRINCIPAL REGISTERED INT HE STATE OF FLORIDA, IN VIOLATION OF CHAPTER 517.12(4). | Final | $3K |
| 2004-01-27 | regulatory | THE FIRM DID NOT REASONABLY MONITOR THE OUTSIDE BUSINESS ACTIVITIES OF REGISTERED REPRESENTATIVE CHARLES PARSONS (CRD# 2642216) FOR COMPLIANCE WITH NASD RULE 3030. PARSONS INFORMED THE FIRM THAT HE INTENDED TO PERFORM CLERICAL SERVICES FOR A COMPANY INVOLVED IN THE SECURITIES FIELD, AND THE FIRM TRE… | Final | $13K |
| 2003-03-19 | regulatory | FAILURE TO DISCLOSE DETAILS OF PAYMENT FOR ORDER FLOW ON CONFIRMATIONS, AT TIME OF ACCOUNT OPENING AND ANNUALY THEREAFTER. FAILURE TO QUATERLY DISCLOSE ASPECTS OF PAYMENT FOR ORDER FLOW AND PROFIT SHARING WITH LAMPOST CAPITAL. | Final | $10K |
| 2003-03-19 | regulatory | FAILURE TO DISCLOSE DETAILS OF PAYMENT FOR ORDER FLOW ON CONFIRMATIONS, AT TIME OF ACCOUNT OPENING AND ANNUALLY THEREAFTER. FAILURE TO QUARTERLY DISCLOSE ASPECTS OF PAYMENT FOR ORDER FLOW AND PROFIT SHARING WITH LAMPOST CAPITAL. | Final | $10K |
| City | State | Employees | Phone |
|---|---|---|---|
| PROVIDENCE | RI | 2 | 4012745600 |
| — | — | 1 | 6507260794 |