Charles Greer Denormandie III of Alpharetta Georgia a stockbroker formerly registered with Commonwealth Financial Network has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that Denormandie failed to respond to a request made by FINRA for his information. Case No. 2016050805801 (Apr. 14, 2017).
FINRA had issued Denormandie a Notice of Suspension letter on January 11, 2017, and issued him a Suspension from Association letter on February 6, 2017. During this time, FINRA reportedly warned Denormandie that his continued failure to cooperate with FINRA’s request could result in sanctions up to and including a bar from the securities industry. Denormandie was provided until April 13, 2017 to either submit the information requested by FINRA or seek for his suspension to be vacated on other grounds. Denormandie evidently failed to cooperate by the deadline.
FINRA Public Disclosure confirms that Denormandie is referenced in four customer initiated investment related disputes pertaining to allegations of Denormandie’s misconduct while employed with Commonwealth Financial Network, Ameriprise Financial Services, Inc., and American Express Financial Advisors. Specifically, on December 22, 2003, a customer filed an investment related complaint involving Denormandie’s activities in which the customer requested $9,008.72 in damages based upon accusations that Denormandie gave the customer poor advice with regard to the customer’s financial planning arrangements, and botched the transfer of the customer’s assets to the firm.
On January 4, 2010, another customer initiated investment related complaint concerning Denormandie’s conduct was resolved for $49,804.33 in damages supported by allegations that the customer’s instructions were not followed in reference to the sales of mutual funds from the customer’s 401(k). Then, a customer initiated investment related arbitration claim concerning Denormandie’s activities was settled for $77,500.00 in damages founded on accusations that Denormandie made speculative equity recommendations to the customer that were not suitable given the customer’s objectives of principal protection. FINRA Arbitration No. 09-05142 (Nov. 23, 2010). Moreover, a customer initiated investment related complaint regarding Denormandie’s conduct was resolved for $5,177.00 in damages based upon allegations against Denormandie of effecting unsuitable equities trades in the customer’s account.
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