Baskin‑Robbins opens five stores in Arizona

Baskin‑Robbins, the world’s largest chain of ice cream specialty stores, announced last week five new franchise stores have opened in Arizona, according to a news release from the Massachusetts‑based chain. The new franchise stores are in Anthem, Gilbert, Litchfield Park, Tucson and Scottsdale.  

The Anthem store, located at 3655 W. Anthem Way, is the first for that community and is owned by Chuck Braun, an Anthem resident. Braun has plans to open two more locations in Surprise and Lake Pleasant.

The company is expanding its presence in the Grand Canyon state and has recast its overall look to be more contemporary. Baskin‑Robbins has more than 5,600 retail shops worldwide.

Scottsdale broker barred

Securities regulators reported late last week they have barred Scottsdale broker Mark Jeffrey Sheehy from association with any NASD member in any capacity.

“The sanction was based on findings that Sheehy received $97,500 from a public customer to be invested, deposited the funds into his bank account, and executed numerous transactions in the customer’s account without the customer’s authorization, knowledge or consent,”according to NASD’s latest published disciplinary report.

“The findings further stated that Sheehy caused the transfer of funds from the customer’s securities account for the purpose of causing the customer to believe that the funds represented a return on investment. The findings also stated that Sheehy failed to respond to NASD requests for information.”

NASD, formerly known as the National Association of Securities Dealers, is a self‑regulatory organization that oversees the securities industry.