Callum Joseph Fraser Maclean of Boston Massachusetts a stockbroker employed by Moors Cabot Inc. has been ordered by the Massachusetts Securities Division to be placed on heightened supervision as a condition of registering as a broker-dealer agent of the firm according to a Consent Order containing findings that Maclean engaged in unauthorized outside business activities relating to the estate of a customer. Case No. R-2017-0041 (July 21, 2017).
FINRA Pubic Disclosure reveals that Maclean was previously associated with Janney Montgomery Scott LLC on January 2, 2004; however, he was discharged on April 18, 2017 based upon allegations that he violated the firm’s policies by way of participating in unapproved outside business activities. According to the regulator, in order for Maclean to have become registered with Moors Cabot Inc. on April 19, 2017, Massachusetts Securities Division required that all of Maclean’s outside business activities with that firm be authorized beforehand, and that Moors Cabot Inc. conduct quarterly reviews of Maclean’s activities involving the firm’s customers.
The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.
This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer
Guiliano Law Group
Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely 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 confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com
