National investment loss lawyers KlaymanToskes reports broker/investment advisor Brian Reilly (CRD# 1175190) has been suspended from acting as a broker by FINRA (“Financial Industry Regulatory Authority”), in connection with findings that he misrepresented on a telephone call that he was his customer.
According to FINRA BrokerCheck, Brian Edward Reilly has been previously licensed with the following brokerage/investment advisory firms:
Investors that suffered losses with Brian Reilly may have recovery options. Contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or lklayman@klaymantoskes.com for a free consultation to discuss your legal options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
On May 18th, 2023, Brian Reilly entered into a regulatory agreement known as a Letter of Acceptance, Waiver, and Consent with FINRA’s Department of Enforcement, which suspended him from conducting securities business at any FINRA-regulated brokerage firm for 20 days from June 20th, 2023 to July 9th, 2023. Reilly was also ordered to pay a fine of $5,000.
FINRA found that a customer of Brian Reilly wanted to surrender her variable annuity, and that Reilly “gave the annuity provider the customer’s date of birth, social security number, and account beneficiary information to convince the annuity provider that he was the customer.”
FINRA Rule 2010 requires members and associated persons, to “observe high standards of commercial honor and just and equitable principles of trade.”
Investors that suffered losses with Brian Reilly are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or lklayman@klaymantoskes.com for a free consultation to discuss legal options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered more than $250 million for investors in FINRA arbitrations and over $350 million in other securities litigation matters for its clients. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
Contact
KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.
888-997-9956
lklayman@klaymantoskes.com