Are you concerned about investments with Brian J. Lockett in Lynnwood, Washington? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim.
According to the Financial Industry Regulatory Authority on November 12, the regulator reportedly suspended financial advisor Brian J. Lockett after it was determined that he allegedly participated in a private securities transaction without providing prior written notice to his member firm.
According to the Letter of Acceptance, Waiver & Consent posted on Nov. 12, Lockett has reportedly been suspended for 45 calendar days and fined $5,000.
According to his FINRA BrokerCheck report, Lockett is currently affiliated with Independent Financial Group in Lynnwood, Washington and has been since 2013. Prior to that, he reportedly worked for Geneos Wealth Management. Lockett reportedly has 9 customer complaints filed against him. Allegations include “sale of unapproved and unsuitable investments in oil and gas and a penny stock,” among others, according to his broker report.
Investigating Potential Lawsuits
The White Law Group is investigating potential lawsuits regarding the liability that Lockett’s employers may have for failure to properly supervise him.
When brokers violate securities laws, such as making unsuitable or unapproved investments or selling private securities transactions without approving it with their employer, the brokerage firm they are working with may still be liable for investment losses through FINRA Arbitration.
Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.
We represent investors in FINRA arbitration claims in all 50 states, including Washington. Our attorneys have recovered millions of dollars from many brokerage firms in the past.
If you are concerned about your investments with Brian J. Lockett, please call the securities fraud attorneys at The White Law Group at 888-637-5510 for a free consultation.
For more information on The White Law Group, and its representation of investors, please visit www.WhiteSecuritiesLaw.com.