Darnell Anthony Deans, of New York, New York, a stockbroker formerly registered with Blackbook Capital, LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he neglected to respond to FINRA’s request for information about Deans’ business activities. FINRA Case No. 2015044374501 (July 17, 2017).
FINRA Public Disclosure reveals that Deans was suspended by FINRA on November 1, 2016, based upon accusations that he did not communicate to FINRA whether he fulfilled his obligations to pay $126,057.00 in compensatory damages pursuant to an arbitration award in FINRA Arbitration No. 15-00607 (May. 18, 2016).
Deans’ securities registration was also revoked by FINRA for failing to pay $10,00.00 in fines assessed by FINRA pursuant to Decision & Order of Settlement, No. 2012030677101 (Feb. 6, 2015), which contained findings that Deans, while associated with Garden State Securities, Inc., entered into unauthorized lending arrangements with customers, and lied about the customer loans when questioned by his firm.
FINRA Public Disclosure also confirms that a customer initiated investment related arbitration claim involving Deans’ conduct was settled for $30,000.00 in damages based upon allegations of breach of contract, breach of fiduciary duty, unauthorized trading, misrepresentation, suitability, and fraud in reference to over-the-counter equities transactions effected in the customer’s investment account. NASD Arbitration No. 02-07069 (Apr. 29, 2004).
Additionally, a customer filed an investment related arbitration claim pertaining to Deans’ activities, in which the customer requested $50,000.00 in damages supported by allegations that Deans failed to supervise a registered representative who effected inappropriate equity trades in the customer’s account. FINRA Arbitration No. 13-03747 (Dec. 24, 2013).
Deans’ registration with Blackbook Capital, LLC, was terminated on January 15, 2016. He has been associated with nine different broker dealers, three of whom are defunct or have been expelled by securities regulators for violation of federal securities laws.
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