Christopher Allan Swan of Irving Texas a stockbroker formerly registered with BBT Securities LLC is the subject of a customer initiated investment related civil action brought in the District Court of Dallas County Texas in which the customer requested $23,000.00 in damages based upon allegations that 529 accounts and other custodial accounts had been set up without the customer’s knowledge or consent during the time that Swan was associated with BBT Investments. Civil Action No. DC-20-05553 (Apr. 13, 2020).
This is not the first time that Swan has been accused of misconduct by an investor. FINRA Public Disclosure also confirms that on July 30, 2019, a customer initiated investment related complaint concerning Swan’s activities was resolved for $16,571.62 in damages founded on accusations that while Swan was employed by Merrill Lynch Pierce Fenner Smith Incorporated, the customer’s investment instructions were not complied with by Swan which caused the customer to incur losses on common or preferred stock held from October of 2018 to May of 2019.
Swan was employed by Merrill Lynch between October 13, 2016 and December 14, 2018 at which point he was discharged based on allegations of his failure to take possession of customer securities in a manner which complied with Merrill Lynch’s standards. Between April 8, 2019 and May 14, 2020, the stockbroker was employed by BBT Securities.