Open Accessibility Menu
Blog

FL Broker Bobby Coburn Barred For Failing to Cooperate with FINRA Investigation Into Unapproved Transactions

Meyer Wilson

Did you lose money investing with Bobby Wayne Coburn (CRD# 146789)? The former Florida broker has been barred from the securities industry for failing to cooperate with a regulatory inquiry into allegations that he solicited multiple clients to invest in unapproved private securities transactions.

According to FINRA’s online BrokerCheck database, Coburn consented to regulatory findings – through an Acceptance, Waiver, and Consent (AWC) – that he refused to furnish documents and information requested by industry regulators.

The findings stem from Coburn’s termination from his brokerage firm, Securities America, Inc., where he had been registered from February 2009 to April 2019.  Securities America discharged Coburn over allegations that he:

  1. Was involved in the solicitation of multiple clients to invest in an unapproved private securities transaction; and
  2. Engaged in the settlement of a related client complaint without the brokerage firm’s knowledge or consent.

Coburn also has two customer disputes on his record involving unsuitable investment in a variable annuity and failure to provide client payments due under Promissory note.  Both disputes were settled. 

Discuss Your Options. Call Meyer Wilson: (888) 390-6491

If you or someone you love lost money investing with Bobby Wayne Coburn, Securities America, or any “Bad Broker” who may have engaged in investment fraud or misconduct, Meyer Wilson is here to help. Our attorneys have extensive experience representing wronged investors with claims involving unapproved transactions, unsuitability, and other regulatory violations or failures to supervise.

Call (888) 390-6491 to discuss your rights and options.

Categories: