Nicholas Brent Maddox of Laguna Niguel California a stockbroker formerly registered with TCFG Wealth Management LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Maddox failed to cooperate with FINRA’s request for information about his business activities. FINRA Case No. 2017056677901 (Nov. 26, 2018).
According to FINRA Public Disclosure, Maddox had initially been suspended by FINRA in all capacities according to a Suspension from Association letter issued to him on September 17, 2018. Apparently, FINRA reminded Maddox at the time of his suspension that his non-compliance going forward could lead him to be barred by FINRA. Specifically, Maddox had until November 25, 2018 to seek that his suspension be lifted; however, Maddox did not cooperate in time. Consequently, FINRA automatically barred Maddox by November 26, 2018.
FINRA Public Disclosure reveals that Maddox is referenced in a customer initiated investment related written complaint on November 10, 2017 where the customer requested at least $5,000.00 in compensatory damages founded on allegations that inappropriate stock recommendations had been made to the customer on April 29, 2016 while Maddox was associated with J.P. Morgan Securities LLC.
On August 2, 2018, Maddox was discharged by TCFG Wealth Management supported by accusations that Maddox neglected to cooperate with two of FINRA’s investigatory requests under Rule 8210; and Maddox failed to cooperate with the firm’s internal investigation into his activities.
