Tag Archives: Commonwealth Financial Network

Commonwealth Financial Stockbroker Barred For Fraud

January 19, 2021  |   Posted by :   |   Elder Financial Abuse, Investment and Regulatory News, Misappropriation of Funds, Stockbroker Theft   |   Comments Off on Commonwealth Financial Stockbroker Barred For Fraud

Gerald Allan Eaton of Acton Massachusetts a stockbroker formerly registered with Commonwealth Financial Network has been barred in various capacities including stockbroker and investment adviser representative according to a Securities and Exchange Commission (SEC) Order based on findings of Eaton defrauding investors and stealing $3,700,000.00 from them. In the Matter of Gerald Allan Eaton Administrative […]

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Commonwealth Financial Sued For Defective Investment Advice

August 27, 2020  |   Posted by :   |   Misappropriation of Funds, Securities Arbitration Claims, Stockbroker Theft   |   Comments Off on Commonwealth Financial Sued For Defective Investment Advice

Benjamin Frank Bourgeois Jr. of Metairie Louisiana a stockbroker formerly employed by Commonwealth Financial Network has been identified in a customer initiated investment related arbitration claim which was resolved for $15,000.00 in damages founded on accusations that the customer’s check had been misused by Bourgeois and that the customer received bad investment recommendations while Bourgeois […]

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Commonwealth Financial Stockbroker Barred In Investigation

Gerald Allan Eaton of Action Massachusetts a stockbroker formerly employed by Commonwealth Financial Network has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Eaton obstructed a FINRA investigation into allegations of his “unauthorized distributions” from accounts owned by customers of Commonwealth Financial Network. Letter […]

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Commonwealth Financial Stockbroker Barred In Investigation

Benjamin Frank Bourgeois Jr. (also known as Ben Bourgeois) of Metairie Louisiana a stockbroker formerly registered with Commonwealth Financial Network has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that Bourgeois failed to cooperate with a FINRA investigation into accusations that (1) Bourgeois converted funds […]

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Commonwealth Financial Network Sued For Misrepresentation

James King of Winston-Salem North Carolina a stockbroker currently registered with Commonwealth Financial Network is the subject of a customer initiated investment related arbitration claim where the customer sought $470,000.00 in damages supported by allegations of (1) false or misleading statements being made to the customer regarding the returns on mutual fund investments and (2) […]

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Commonwealth Financial Broker Vanishes In Investigation

November 23, 2018  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Charles Greer Denormandie III of Alpharetta Georgia a stockbroker formerly registered with Commonwealth Financial Network has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that Denormandie failed to respond to a request made by FINRA for his information. Case No. 2016050805801 (Apr. 14, 2017). FINRA […]

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Commonwealth Financial Disciplined Excessive Fees

Commonwealth Financial Network a brokerage firm headquartered in Waltham Massachusetts has been censured by Financial Industry Regulatory Authority (FINRA) supported by accusations that the firm excessively charged customers on mutual fund transactions by failing to apply discounts for the customers that were eligible for them. Letter of Acceptance Waiver and Consent No. 2016049975901 (Nov. 9, […]

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Commonwealth Financial Accused Of Unsuitable Options Recommendations

Ernest James Cox of La Quinta California is a stockbroker formerly registered with Commonwealth Financial Network who is the subject of a customer initiated investment related written complaint which settled on November 28, 2016 for $15,000.00 in damages founded on allegations that the customer’s funds according to an options and equities strategy that was not […]

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Commonwealth Financial Broker Fined For Unauthorized Loans

October 03, 2017  |   Posted by :   |   Customer Loans   |   0 Comments

Brant Andrew Ray, of Southhaven, Mississippi, a stockbroker formerly registered with Commonwealth Financial Network, has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he effected an unapproved loan transaction and lied about it when questioned by his firm and […]

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Commonwealth Financial Network Stockbroker Fired

July 05, 2017  |   Posted by :   |   Variable Annuites   |   0 Comments

John Charles Bland, of Durham, North Carolina, a stockbroker registered with Commonwealth Financial Network, was terminated from employment on April 25, 2017, based upon allegations that he violated the firm’s policies by failing to disclose information to a customer relating to the customer’s variable annuity purchase. The firm alleged that Bland concealed the source of […]

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Commonwealth Financial Network Stockbroker Suspended For Unauthorized Trading

May 18, 2017  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   0 Comments

Voigt C. Kempson, of Sparta, New Jersey, a stockbroker formerly registered with Commonwealth Financial Network, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he effected unauthorized transactions in a customer’s account. Letter of Acceptance, Waiver and Consent, No. […]

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Commonwealth Financial Network Stockbroker Charged By Regulators

May 18, 2017  |   Posted by :   |   Customer Loans, Investment and Regulatory News   |   0 Comments

Brant Andrew Ray, of Southaven, Mississippi, a stockbroker formerly registered with Commonwealth Financial Network, has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that Ray engaged in an unauthorized borrowing arrangement with a customer of the firm. Department of Enforcement v. Brant Andrew Ray, No. 2015047096601 (May 1, […]

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Commonwealth Financial Network Stockbroker Barred

Lloyd Henry Dotson, of New Canaan, Connecticut, a stockbroker formerly registered with Commonwealth Financial Network, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate in a FINRA investigation into allegations that he engaged in outside business activities without […]

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Commonwealth Financial Network Broker Suspended for Lying

James Michael Johnson of Richmond, Virginia, a registered representative with Commonwealth Financial Network, was suspended in all capacities from association with any Financial Industry Regulatory Authority (FINRA) member firm for two years, and fined $50,000 after consenting to findings that he made negligent misrepresentations and omissions to firm customers in connection with securities investments, while […]

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Five Major Brokerage Fined for Failure to Supervise Mutual Fund Fraud

November 15, 2015  |   Posted by :   |   Investment and Regulatory News, Mutual Fund Fraud   |   0 Comments

Ameritas Investment Corp., Cetera Advisors LLC, Comerica Securities, Inc., Fifth Third Securities, Inc., First Allied Securities, Inc., Park Avenue Securities, LLC, Securities America, Inc., Huntington Investment Company, Cetera Advisor Networks LLC, Commonwealth Financial Network, MetLife, and Infinex Investment, Inc., were all recently censured and fined by Financial Industry Regulatory Authority (FINRA) for failing to apply […]

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