Brittney Jade Sias (also known as Rosalie P. Sias) of Westlake Village California a stockbroker formerly registered with Western International Securities Inc. is the subject of a customer initiated investment related arbitration claim where the customer requested up to $500,000.00 in damages based upon allegations of bad investment advice concerning non-traded real estate investment trusts and private placements during the time that Sias was associated with Western International Securities. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-00806 (Mar. 19, 2020).
This is not the first dispute from an investor in regard to Sias’ sales practices at Western International Securities. FINRA Public Disclosure confirms that on August 28, 2018, a customer initiated investment related arbitration claim regarding Sias’ conduct was settled for $100,000.00 in damages supported by allegations of omissions and misrepresentations pertaining to the customer’s purchase of limited partnership interests or direct participation program products while Sias was associated with Western International Securities. FINRA Arbitration No. 18-00745. The claim alleges that investment recommendations failed to be suitable for the customer and that a fiduciary duty had been breached by Sias.
The stockbroker has also been barred from associating with any FINRA member in any capacity founded on findings that she did not cooperate with FINRA when she was investigated for her receipt of customer funds while associated with Western international Securities. Letter of Acceptance Waiver and Consent No. 2017053136102 (Oct. 5, 2017). According to the AWC, Sias was expected by FINRA to provide information and documents but had failed to comply. Sias violated FINRA Rules 2010 and 8210.
Sias was discharged by Western International Securities on October 5, 2017 based upon FINRA’s disciplinary action.
