National investment fraud lawyers KlaymanToskes is investigating Sean Boswick (CRD# 2491980) of Brock Securities, LLC after the broker was permanently barred from the securities industry. Boswick refused to produce investigation-related information regarding his violation of company policy relating to investment advisory activities.
Investors that suffered losses with Sean Boswick may be entitled to a financial recovery. Contact Lawrence L. Klayman, Esq. immediately at (888) 997-9956 or lklayman@klaymantoskes.com to discuss your recovery options at no cost.
On January 26th, 2023, FINRA’s Department of Enforcement entered into a Letter of Acceptance, Waiver, and Consent (“AWC”) with Sean Morgan Storm Boswick, disclosing that FINRA investigated the circumstances surrounding Boswick’s termination from Brock Securities, LLC in April, 2021, which included allegations of violations of company policy relating to investment advisory activities. Boswick consented to sanctions of a permanent bar from associating with any FINRA member in all capacities.
According to the AWC, FINRA sent a request to Boswick for the production of documents and information related to its investigation, including a request that he produce his personal bank account information and statements. Boswick provided a response to the request but did not produce his bank account information and statements. FINRA sent a second request stating that Boswick needed to produce his bank account information and statements by October 13, 2022. By refusing to produce the requested information, Boswick violated FINRA Rules 8210 and 2010.
FINRA (Financial Industry Regulatory Authority) is the self-regulatory body responsible for regulating all brokers and brokerage firms doing business with the U.S. public.
Under FINRA Rule 8210, all brokerage firms and registered financial professionals are required to provide information, documents, and testimony upon regulators’ requests.
A violation of FINRA Rule 8210 is also a violation of FINRA Rule 2010, which requires brokerage firms and their registered representatives to “observe high standards of commercial honor and just and equitable principles of trade.”
According to Brock Securities’ FINRA BrokerCheck Report, the firm entered into a Letter of Acceptance, Waiver, and Consent (“AWC”) with FINRA’s Department of Enforcement on April 1st, 2016 in which it consented to sanctions of a $15,000 fine in connection with findings that one of its registered representatives conducted investment banking activities without completing the Series 79 Examination.
The department’s investigation found that the representative gave advice on several private placement transactions conducted by the firm, even though he was not registered as an investment banking representative. The regulator alleges that the firm was aware that he was conducting investment banking activities, but did not require the representative to become licensed as an investment banking representative. His activities included preparing presentations to potential investors, working with counterparties to draft deal-related documents, and drafting materials to be used at roadshows by the firm’s salespersons.
Former customers of Sean Boswick that suffered investment losses at Brock Securities, LLC in New York, NY are encouraged to contact securities attorney Lawrence L. Klayman to learn about recovery options at (888) 997-9956 or lklayman@klaymantoskes.com.
Consultations are free and every case is taken on a contingency basis, meaning 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 over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.
888-997-9956
lklayman@klaymantoskes.com
www.klaymantoskes.com