Harvey Britton Vaughn Jr., of Austin, Texas, a stockbroker formerly registered with Columbus Advisory Group, Ltd., has been sanctioned by Financial Industry Regulatory Authority (FINRA) via the revocation of his securities licensure based upon allegations that Vaughn failed to pay a $10,000.00 fine assessed to him by FINRA for having failed to make required disclosures; conduct violative of FINRA Rules 2010 and 2111. Letter of Acceptance, Waiver and Consent, No. 2015045409001 (Nov. 18, 2016).
FINRA Public Disclosure reveals that on May 6, 2015, Vaughn’s registration was terminated by previous employer, Transcend Capital, based upon allegations that Vaughn charged excessive commissions and effected unsuitable investment transactions in customer accounts.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Vaughn has been named in two customer initiated investment related disputes regarding allegations of his wrongdoing while associated with Transcend Capital and APS Financial Corporation. Specifically, on March 13, 2015, a customer filed an investment related written complaint involving Vaughn’s conduct, in which the customer requested $140,000.00 in damages based upon allegations that he effected a faulty corporate bond transaction in the customer’s account. Another customer initiated investment related written complaint regarding Vaughn’s activities was settled to resolve allegations of excessive and unauthorized trading, and committing fraud in connection with corporate debt transactions effected in the customer’s account.
Vaughn’s registration with Columbus Advisory Group, Ltd. was terminated on November 30, 2015.
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