FINRA bars former Park Avenue Securities broker William Roe.
William Roe, a registered representative from Fontana, California, formerly with Park Avenue Securities and Crowell Weadon was barred from FINRA membership as a result of failing to cooperate with a FINRA investigation.
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. If the suspension is not challenged within 90 days, FINRA may bar the individual.
In June, 2017 William Roe was barred from FINRA membership for violating Rule 9552.
William Roe’s registration and disciplinary history
In order to lawfully sell investments to the public, one must either be registered or exempt from registration.
William Roe was registered with Park Avenue Securities from July, 2014 to July, 2016 and with Crowell Weadon from April, 2012 to January, 2013.
According to FINRA’s CRD disclosure report, William Roe has been the subject of two customer complaints 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.
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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.