Michael Dennis Hampton, of Orangevale, California, a stockbroker formerly registered with LPL Financial LLC, has been suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to provide FINRA staff with information about whether he had complied with a customer initiated investment related settlement or arbitration. Case No. 2017052954701 (Dec. 30, 2016)
FINRA) Public Disclosure confirms that this is not the first time that Hampton has been sanctioned by FINRA for failing to respond. Particularly, on March 16, 2016, Hampton faced a six-month suspension imposed by FINRA for his failure to discuss whether he satisfied the terms and conditions of a customer dispute.
Additionally, Hampton has been identified in three customer initiated investment related disputes pertaining to allegations of his wrongdoing while he was associated with Wells Fargo Investments, LLC. In particular, on June 4, 2008, a customer filed an investment related written complaint involving Hampton’s conduct, supported by allegations that Hampton made misrepresentations to the customer about corporate debt investments.
Subsequently, on September 16, 2008, a customer filed an investment related written complaint regarding Hampton’s activities, in which the customer sought at least $5,000.00 in damages based upon allegations that Hampton made unsuitable investment recommendations to the customer concerning mutual funds.
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