FINRA bars Paul Eric Taboada (CRD #2033981, Old Brookville, New York)
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Did you or a family member invest in InPoint Commercial Real Estate Income, Inc. (“InPoint”) based on the recommendation of your stockbroker or financial advisor?
InPoint Commercial Real Estate Income, Inc. (“InPoint”) is a nontraded REIT that was formed in 2016 by Inland Real Estate Investment Corporation. InPoint focuses on investing in commercial real estate (CRE) securities and debt. By 2019, InPoint had raised...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.