James Arthur Allen (also known as Jim Allen), of Lake Forest, Illinois, a stockbroker registered with Sanctuary Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $95,000.00 in damages based upon allegations that Allen made unsuitable recommendations of alternative investments during the time that Allen…
James Arthur Allen (also known as Jim Allen), of Lake Forest, Illinois, a stockbroker registered with Sanctuary Securities, Inc. (FKA David A. Noyes Company), was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $95,000.00 in damages based upon allegations that Allen made unsuitable recommendations of alternative investments…
Sanctuary Securities (formerly known as David A. Noyes Company) has been censured and fined $160,000.00 by Financial Industry Regulatory Authority (FINRA) founded on findings that Sanctuary Securities failed to supervise its non-traditional exchange traded fund (NT-ETF) business to ensure that stockbrokers executed suitable transactions. Letter of Acceptance Waiver and Consent No. 2019060694201 (July 1, 2021)….