Brian John Bogart of McClean Virginia a stockbroker formerly registered with Purshe Kaplan Sterling Investments has been terminated from the securities broker dealer on February 4, 2019 during the time that he was under investigation by both Financial Industry Regulatory Authority (FINRA) and Purshe Kaplan Sterling Investments for possibly selling away from the securities broker dealers or otherwise engaging in activities outside the firms’ auspices with regard to a private fund.
This is not the first time that Bogart has been terminated by a securities broker dealer supported by allegations of misconduct. In particular, Bogart was terminated by Prudential Securities Incorporated founded on accusations of the stockbroker being subject of customer initiated investment related complaints. Also, Bogart has been sanctioned by both Virginia Securities Division and the State of Maryland Office of the Attorney General based upon allegations of Bogart’s bad trading practices.
FINRA Public Disclosure also reveals that Bogart has been identified in twelve customer initiated investment related disputes containing accusations of his violative conduct during the period in which he was associated with securities broker dealers including Prudential Securities Incorporated. In particular, a customer initiated investment related complaint involving Bogart’s behavior was settled for $22,000.00 in damages supported by allegations that options and stock trades failed to be appropriate given the customer’s investment circumstances; and trades lacked the customer’s approval.
Another customer initiated investment related complaint concerning Bogart’s conduct was resolved for $25,237.23 in damages founded on accusations of the customer’s instructions having been disregarded by Bogart through his purchase of equities, rather than bonds, for the customer’s account. Bogart is also the subject of a customer initiated investment related complaint which was settled for $20,000.00 in damages based upon allegations of the stockbroker giving the customer bad investment advice regarding over-the-counter equities given the customer’s investment objectives and risk profile.
Another customer initiated investment related complaint in regard to Bogart’s activities was resolved for $45,000.00 in damages supported by accusations that mutual fund trades were placed in the customer’s retirement account on an unsuitable and unauthorized basis. In addition, Bogart is referenced in a customer initiated investment related arbitration claim which was settled for $43,000.00 in damages founded on allegations that transactions had been placed without the customer’s knowledge or consent; and the customer’s account was negligently managed or administered by Bogart.
