FINRA bars Paul Eric Taboada (CRD #2033981, Old Brookville, New York)
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Did you lose money investing in a Walton Global Holdings private placement through a financial advisor?
Have you lost money due to the purchase of a private placement investment offered by Walton Global Holdings (Walton Global)? Investors in securities offered by Walton Global may be able to recover their losses if they purchased the investment due to an unsuitable...read more
March 30, 2018 – The Securities and Exchange Commission (SEC) dismissed Taboada’s application for review. Taboada was barred from association with any FINRA member in all capacities. The National Adjudicatory Council (NAC) had previously affirmed the findings and sanction imposed by an Office of Hearing Officers (OHO) decision. The sanction was based on findings that Taboada misappropriated investor funds and securities by failing to return excess capital to investors, and by failing to distribute to certain investors all of the shares in an initial public offering (IPO) to which they were entitled. The findings stated that Taboada misused customer funds and securities by improperly using excess capital from investors, without their authorization, to pay expenses owed by other investors. The findings also stated that Taboada caused a broker-dealer to double its commissions paid to an entity he created, which increased the amount of his member firm’s sales concession on transactions and provided financial benefit to the firm. Taboada failed to disclose to investors the sales concessions the firm received on the IPO transactions, and provided false and misleading information to investors. The findings also included that Taboada provided false documents and testimony to FINRA. (FINRA Case #2012034719701). If you or someone you know has lost money investing with Paul Taboada, call the experienced attorneys at Epperson & Greenidge at 877-445-9261 for a free consultation. You may be eligible to recoup your losses. Epperson & Greenidge accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-445-9261 now to speak to an attorney for free.