Brantly Chavis (CRD# 5577031), formerly a broker with OneAmerica, allegedly
converted the funds of a OneAmerica customer as part of an outside business
activity he failed to disclose to OneAmerica, according to FINRA. It is
against securities industry regulations for a broker to use customer funds
for their own purposes, and it is also against regulations for a broker
to participate in business activity outside the scope of the firm without
first disclosing it to the managing firm and receiving approval from that firm.
Chavis was employed with OneAmerica Securities in Santa Ana, California
from June 2009 until November 2012. On November 5, 2012, OneAmerica notified
FINRA it was terminating Chavis. In August 2014, OneAmerica filed an amended
termination notice, notifying FINRA of a customer complaint against Chavis.
The customer complaint involved allegations of misappropriation. The customer,
who at the time was 87 years old, alleged that Chavis misappropriated
funds and made unsuitable recommendations for investments in a private company.
Without admitting or denying the findings,
Chavis accepted and consented to FINRA’s sanction and entry of findings. He has been permanently
barred from the securities industry.
If you invested with former OneAmerica broker Brantly Chavis and you lost
money, we invite you to contact the investment loss attorneys at Meyer
Wilson today for a free review of your case. Our firm fights to help investors
recover losses caused by misconduct.