Robin Lee Taliaferro of Solvang, California, a stockbroker formerly registered with Boustead Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he failed to cooperate with a FINRA investigation concerning accusations of Taliaferro’s sales practice violations at Boustead Securities as well as Sutter Securities Incorporated and Western International Securities Inc. Letter of Acceptance, Waiver, and Consent No. 2021071987901 (July 15, 2022).
According to the AWC, Taliaferro was the subject of a FINRA investigation in July of 2021, where the regulator sought information on Taliaferro’s sales practices while associated with Boustead Securities, Sutter Securities, and Western International Securities. On May 24, 2022, the regulator instructed Taliaferro to provide documents and information. But on June 14, 2022, Taliaferro told FINRA that he would not cooperate with its request. Taliaferro refused to provide the documents and information sought by the regulator. FINRA determined that he violated Rules 2010 and 8210.
FINRA Public Disclosure shows that Taliaferro has been identified in nine customer initiated investment related disputes concerning his conduct during the time that he was registered with securities broker dealers, including EF Hutton Company Inc., Prudential-Bache Securities Inc., and PaineWebber Inc. Taliaferro is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $57,500.00 in damages for alleged negligence, breach of fiduciary duty, fraud, and breach of contract regarding investments the customer purchased through Taliaferro at PaineWebber. The claim also alleges failure to supervise by the securities broker dealer.
Another complaint concerning Taliaferro’s activities was resolved for $17,500.00 in damages based upon accusations of breach of fiduciary duty and misrepresentation of facts by Taliaferro while he was registered with PaineWebber. According to the complaint, the broker effected unsuitable corporate bond transactions in their PaineWebber account, resulting in damages.
Taliaferro is also the subject of a FINRA securities arbitration claim which was settled for $10,000.00 in damages based upon alleged misrepresented information by Taliaferro concerning corporate bond purchases that he effected in the customer’s PaineWebber account.
A different FINRA securities arbitration claim involving Taliaferro’s conduct was resolved for $15,703.40 in damages based upon accusations of negligence, breach of fiduciary duty, and fraud relating to corporate bond transactions during the period that Taliaferro was registered with PaineWebber.
Taliaferro was registered with Western International Securities between November 22, 2013, and January 29, 2020, Sutter Securities Incorporated between January 29, 2020, and July 27, 2021, Boustead Securities between January 29, 2020, and July 27, 2021, and Coastal Equities Inc. between November 11, 2021, and July 12, 2022.
