Eric S. Darty, of Birmingham, Alabama, a stockbroker formerly registered with BBVA Securities Inc., has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he obstructed an investigation into allegations that he converted customer funds. Letter of Acceptance, Waiver and Consent, No. 2016051930401 (Feb. 14, 2017).
According to the AWC, Darty had been terminated by BBVA Securities Inc. on October 28, 2016, based upon allegations that Darty effected unauthorized transactions regarding accounts and monies belonging the firm’s customers. The AWC stated that on January 4, 2017, Darty was sent a letter from FINRA, pursuant to Rule 8210, which called upon Darty to provide information and documentation to FINRA personnel by January 18, 2017, regarding the allegations of his misconduct.
After Darty reportedly received an extension of time to respond, he reached out to FINRA staff on January 25, 2017, in which he indicated that he would not be providing the information and documentation to FINRA or cooperating in the investigation. FINRA found that Darty’s failure to cooperate was conduct violative of FINRA Rules 2010 and 8210, which led to his permanent bar.
FINRA Public Disclosure reveals that on June 24, 2015, a customer initiated investment related written complaint involving Darty’s conduct was settled for $15,000.00 in damages based upon allegations that Darty effected an unsuitable mutual fund transaction in the customer’s account.
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com
