FINRA suspends Martin Earl Brooks (CRD #4507464, Lee’s Summit, Missouri)
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As reported in InvestmentNews, three Raymond James entities have agreed to pay over $15 million to resolve an investigation by the SEC. The settlement and SEC order focused on Raymond James’s actions in improperly charging certain clients advisory fees when the...read more
March 16, 2018 – A Letter of Acceptance, Waiver and Consent (AWC) was issued in which Brooks was fined $5,000 and suspended from association with any FINRA member in all capacities for 15 business days. Without admitting or denying the findings, Brooks consented to the sanctions and to the entry of findings that he exercised discretionary trading authority for his member firm’s customers, by purchasing shares in a real estate fund for each customer, without prior written authorization from the customers and without prior written acceptance of the accounts as discretionary from the firm. The findings stated that Brooks mismarked order tickets associated with the trades as unsolicited instead of discretion exercised and solicited, which caused the firm to maintain inaccurate books and records. The suspension was in effect from April 16, 2018, through May 4, 2018. (FINRA Case #2016049674301). If you or someone you know has lost money investing with Martin Brooks, 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.