Our securities fraud attorneys are investigating misconduct allegations
surrounding Robert Regan of NFP Securities.
According to proceedings brought by the Financial Industry Regulatory Authority
(FINRA), Robert Regan (CRD# 2322096) was accused of participating in the
solicitation and sale of an outside and unapproved investment to NFP Securities
customers without providing accurate written notification to the brokerage firm.
According to FINRA, between March 2010 and September 2010, Regan recommended
his customers purchase stock in a private company without getting NFP’s
approval. Allegedly, Regan did verbally request permission to refer his
customers to the outside investment, but according to FINRA, what he actually
did to solicit the sales went beyond what NFP allowed.
The conduct of which Regan is accused violates NASD Rule 3040 and FINRA
Rule 2010. In a letter of Acceptance, Waiver and Consent (AWC), Regan
accepted and consented to FINRA’s findings, agreeing to a 60-day
suspension and $5,000 fine.
Meyer Wilson helps investors recover financial losses caused by investment
fraud and misconduct. If you invested with Robert Regan and lost money,
we invite you to contact our law firm today for a
free review of your legal rights and options.