The Investor’s Watchdog

The Investor's Watchdog

Tucson Registered Representative Consents to FINRA Bar for Refusing to Cooperate with FINRA Request for Documents and Information Related to Customer Complaint

Wednesday, May 6, 2020

The Financial Industry Regulatory Authority (FINRA) Department of Enforcement recently approved a Letter of Acceptance, Waiver, and Consent (AWC) barring former general securities representative Bryan Benson from associating with any member firm in any and all capacities.

Benson was most recently associated with Wells Fargo Clearing Services, LLC in Tucson, Arizona from September 2007 to December 27, 2019 when Benson voluntarily terminated his registration with the firm. Benson is not currently associated with another FINRA member firm.

According to the AWC, FINRA staff sent a request to Benson to produce documents and information pursuant to FINRA Rule 8210 in connection with a customer complaint. On April 14, 2020, the same day that FINRA staff sent the request, Benson replied that he would not produce the requested information and documents at any time. Thus, Benson violated FINRA Rules 8210 and 2010.

By signing the AWC, Bryan Benson consented, without admitting or denying any allegations made against him, to a bar from associating with any FINRA member firm in any capacity.

Did your broker’s bad advice cost you money? If so, we may be able to help. Call us (1-877-410-8172) today for a free consultation.

 

Author: Jason T. Albin

Jason Albin is an Attorney and Partner at ChapmanAlbin, the investor rights law firm. He has represented hundreds of investors who have lost money due to broker misconduct, unsuitable investment advice and fraud.​ Jason also represents individuals in “whistleblower” suits filed against unscrupulous companies that try to defraud the US federal and state governments.

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