Securities Arbitration Investment Fraud Lawyers » Investment and Regulatory News » FINRA Bars CUSO Financial Services Stockbroker In Forgery Investigation

Securities Fraud

Justin Allen Anderson, of Austin, TX, a stockbroker registered with CUSO Financial Services LP, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Anderson failed to testify when FINRA investigated the stockbroker for possible violations of FINRA rules. No. 2021071179201 (November 23, 2022).

According to the AWC, FINRA began an investigation into Anderson regarding allegations of customer signature discrepancies on account documents. In connection with the investigation, FINRA sent a request to Anderson to appear for testimony on October 4, 2022. Anderson failed to appear. FINRA then sent Anderson a second request to appear for testimony. On November 15, 2022, Anderson indicated to FINRA that he had received the requests but would not testify. Therefore, Anderson violated FINRA Rules 2010 and 8210.

FINRA Public Disclosure shows that Anderson was also referenced in a customer initiated investment related complaint filed on March 12, 2020, in which the customer requested $6,000.00 in damages based upon allegations that Anderson made omissions of material fact in connection with the recommendation and sale of variable annuities during the time that Anderson was associated with AXA Advisors LLC.

Anderson was associated with AXA Advisors LLC in Austin, TX, as a stockbroker from December of 2014 to October of 2019. He was associated with CUSO Financial Services LP in Austin, TX, as a stockbroker from January of 2020 to April of 2021.