National investment fraud lawyers KlaymanToskes is investigating Suzanne T. Charrin (CRD# 5783951) after the broker and investment adviser was barred from the securities industry by FINRA for providing false information regarding outside business activities at Woodbury Financial Services’ Greenwood Village, CO branch.
Investors that suffered losses with Suzanne Charrin may be entitled to a financial recovery. Contact Lawrence L. Klayman, Esq. at (888) 997-9956 or lklayman@klaymantoskes.com for a free consultation to discuss your recovery options.
On January 17th, 2023, FINRA’s Department of Enforcement entered into a Letter of Acceptance, Waiver, and Consent (“AWC”) with Suzanne Therese Charrin, disclosing that FINRA investigated the circumstances surrounding Charrin’s termination from Woodbury Financial Services, Inc. in April, 2022, which included allegations of unapproved business activities and conducting prohibited activities inconsistent with the firm’s policy.
In connection with its investigation, the department issued a request for documents and information regarding the allegations that Charrin was engaging in an undisclosed outside business activity, including a request that the firm provide a statement from Charrin describing the activities conducted. Charrin provided the requested statement on July 22nd, 2021, however, according to the AWC, the information provided was false.
The department found that Charrin had “falsely stated” her outside business activities involved the extraction and manufacture of lavender oil products, when in reality both businesses were involved in the cannabidiol (CBD) oil industry. During Charrin’s on-the-record testimony on December 14th, 2022, she admitted to providing false information to FINRA in her response. In a separate request for information, Charrin provided a false statement that the outside business activity had not manufactured or tested any products, however, it had been involved in the manufacturing of CBD products since at least late 2020.
According to the AWC, FINRA issued a request for a copy of Charrin’s 2021 income tax returns on August 8, 2022. Charrin provided her tax returns, but falsely represented that her accountant had incorrectly described the nature of one of her outside business activities on her federal tax return as involving CBD oil business, rather than lavender oil.
FINRA’s Department of Enforcement found Charrin to be in violation of FINRA Rule 8210 and 2010. Charrin consented to sanctions of a permanent bar from associating with any FINRA member in all capacities.
Under FINRA Rule 8210, all brokerage firms and their registered representatives 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.
Investors that suffered losses with Suzanne Therese Charrin at Woodbury Financial’s Greenwood Village, CO branch should contact Lawrence L. Klayman, Esq., at 888-997-9956, or lklayman@klaymantoskes.com to discuss their recovery options.
KlaymanToskes offers legal services on a contingency fee basis, meaning that 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