Anthony Blackshear Suspended by FINRA

Anthony Blackshear suspended

In May, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Anthony Blackshear of San Antonio, TX, formerly with PFS Investments of San Antonio, TX was suspended from association with any FINRA member for two years  and fined $12,500 as a result of his misuse of customer funds entrusted to him. FINRA’s investigation centered on funds given to Blackshear by a customer which were not deposited into the customer’s account.  According to the findings of the AWC it was only later, after the customer complained that Blackshear addressed the situation.  Upon learning of this information the firm terminated him and repaid the customer.  The findings also indicated that Blackshear borrowed funds from another customer without notifying the firm or obtaining its approval

Registration and disciplinary history

In order to lawfully sell investments to the public,  a registered rep must either be registered or exempt from registration.  Anthony Blackshear was registered with PFS Investments from January 2001 until June, 2014.

According to FINRA’s CRD disclosure report, Anthony Blackshear has been the subject of one regulatory investigation.

The Law Office of David Liebrader practices exclusively in the field of investment loss recovery.  For the past 23 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.

When investors contact our firm they can expect prompt attention, and a detailed analysis of their issues.  Typical claims that we are asked to review  involve “unsuitability (where a financial advisor makes investment recommendations that are inconsistent with a customer’s investment objectives), claims for “churning” (where a broker enters into an excessive number of trades for the purpose of generating commissions), claims involving illiquid investments such as private placements (I.e., real estate investment trusts, limited partnerships, equipment leasing and oil and gas drilling programs) as well as claims for violations of state securities laws, which often provide investors remedies like attorney’s fees and interest, if they are successful on the claim.

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.

Contact Information