Darin Richard Pastor, of Irvine, California, a stockbroker formerly registered with Courtlandt Securities Corporation, has been fined $15,000.00 by the State of Hawaii based upon consenting to findings that he engaged in unauthorized securities transactions during the time that he was not registered to effect securities sales. SEU-2014-11 (Dec. 23, 2015).
Pastor was also fined and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he did not communicate with FINRA staff as to whether he was compliant with the terms and conditions of a customer initiated investment related settlement arrangement or customer arbitration award. Case No. 14-02000 (Sept. 4, 2015).
FINRA Public Disclosure also reveals that Pastor has been identified in two additional customer initiated investment related disputes containing allegations of his misconduct while employed with AXA Advisors, LLC and Chase Investment Services. Particularly, on December 9, 2002, a customer filed an investment related written complaint involving Pastor’s activities based upon allegations that he misrepresented the required premiums for a variable life insurance policy that the customer purchased.
Moreover, on June 18, 2014, a customer filed an investment related arbitration claim concerning Pastor’s conduct, in which the customer requested $100,000.00 in damages founded upon allegations that Pastor made inappropriate investment recommendations to the customer concerning mutual funds, and effected unsuitable transactions in the customer’s account.
Pastor was terminated from previous employer, Chelsea Financial Services, on February 5, 2014, based upon allegations that he sold away from his firm, breached agreements in reference to his business activities, and failed to comply with the firm’s standards for conduct.
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