Brian Scott Graham, a former stockbroker with Cetera Advisor Networks LLC in Plainfield, Illinois, has been permanently barred by Financial Industry Regulatory Authority (FINRA). The decision, issued on September 27, 2024, followed Graham’s refusal to provide testimony during an investigation into allegations of “unauthorized withdrawals.” These allegations were disclosed on an amended Form U4. Without admitting or denying the findings, Graham accepted the bar through a Letter of Acceptance, Waiver, and Consent. FINRA determined that Graham violated FINRA Rules 8210 and 2010. Letter of Acceptance, Waiver, and Consent (AWC) No. 2024081749201.
According to the AWC, the investigation stemmed from a customer complaint filed on March 2, 2024, alleging unauthorized ATM withdrawals, with the customer seeking $50,000 in damages. This case remains unresolved. On April 11, 2024, Graham voluntarily resigned from Cetera Advisor Networks LLC. The securities broker dealer reported that his resignation was related to the customer’s allegations.
According to FINRA Public Disclosure, Graham was also the subject of another dispute while associated with Mesirow Financial Inc. On January 1, 2006, a customer alleged unsuitable investment recommendations involving equity products and sought $221,186 in damages. A FINRA Arbitration Panel later awarded the customer $72,500 in compensatory damages on February 16, 2007. FINRA Arbitration No. 06-00082.
Graham was registered with Cetera Advisor Networks LLC from September 3, 2013, to April 12, 2024.
