FINRA Bars Neil Pecker after CFTC Ban

Neil Pecker, a registered representative from Longwood, Florida, formerly with Vision Financial Partners, Coastal Equities and Westpark Capital was barred from FINRA membership as a result of refusing to cooperate with a FINRA investigation.  Previously, Pecker had been charged by the CFTC with making false and materially misleading statements to clients in connection with an options trading strategy.  Pecker consented to the entry of an order and an injunction and agreed to pay restitution of $2.7 million and a $3.75 million penalty.

FINRA Rule 9552. Failure to Provide Information or Keep Information Current

This FINRA rule provides if a FINRA member fails to provide information or testimony requested or required by FINRA’s By-Laws or FINRA rules, or fails to keep his or her membership and supporting documents current, FINRA, after providing  21 days’ notice may suspend the FINRA membership of the person.

In January, 2017 Neil Pecker was suspended from FINRA membership for violating Rule 9552.

Neil Pecker’s registration and disciplinary history

In order to lawfully sell investments to the public, one must either be registered or exempt from registration.

Neil Pecker was registered with Coastal Equities, Westpark Capital and Newport Coast Securities, but will be forever known for the Vision Financial Partners fraud.

According to FINRA’s CRD disclosure report, Neil Pecker has been the subject of  one customer complaint and one regulatory investigation.

FINRA is the primary regulator for broker dealers and registered representatives in the United States.  FINRA’s role is to promulgate standards and practices for the brokerage industry and to ensure compliance with its rules by licensed entities and individuals.

FINRA has two primary means to ensure compliance with the securities laws ; by means of an enforcement unit that investigates and disciplines wrongdoing, and through the establishment of  an arbitration forum where investors can resolve disputes against broker dealers.  FINRA’s arbitration forum, FINRA Dispute Resolution Inc. is the largest arbitration forum in the country for resolving investor disputes, and typically processes over 10,000 filings annually.

The Law Office of David Liebrader practices exclusively in the field of investment loss recovery.  For the past 24 years, we have dedicated our law practice to assisting investors who have been victims of investment fraud via fraudulent and unsuitable investment transactions.  During that time we have recovered money for over one thousand individuals, pension plans, trusts and companies.  The recoveries we have obtained via judgments, awards and settlements on behalf of our clients exceed $40,000,000.

If you suspect that you have been the victim of investment fraud, or had a financial advisor recommend unsuitable investments to you, call us today for a free, confidential consultation at (702) 380-3131.