Jeffrey Scott Richman of Boulder Colorado a stockbroker formerly employed by BBVA Securities Inc. is referenced in a customer initiated investment related written complaint on April 1, 2018, which was resolved for $29,669.65 in damages supported by accusations that the customer was sold an unsuitable corporate note given the lack of Federal Deposit Insurance Corporation (FDIC) insurance, term of the note and failure for the investment to accommodate the customer’s needs for liquidity.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Richman has been identified in three additional customer initiated investment related disputes containing allegations of Richman’s misconduct while employed with Banc One Securities Corporation. Specifically, on July 12, 2001, a customer filed an investment related complaint regarding Richman’s activities where the customer sought $21,244.00 in damages supported by accusations that mutual fund transactions were effected in the customer’s account which failed to conform to the customer’s goals of investing on a short-term basis.
On September 20, 2001, another customer filed an investment related complaint involving Richman’s conduct in which the customer requested $143,479.00 in damages based upon allegations of suitability relating to mutual fund transactions executed in the customer’s account. Then, on August 1, 2002, a customer filed an investment related complaint concerning Richman’s activities where the customer sought $16,887.81 in damages founded on accusations that the customer was inappropriately placed in class B mutual fund shares, preventing the customer from taking advantage of breakpoint discounts.
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