BENJAMIN F BOURGEOIS JR Barred by FINRA

BENJAMIN FRANK BOURGEOIS JR (BEN BOURGEOIS JR, BENJAMIN F BOURGEOIS JR) CRD#: 2145555, has been barred by the Financial Industry Regulatory Authority Inc. (FINRA), on May 28, 2019, from acting as a broker or otherwise associating with a broker/dealer firm for allegedly failing to provide FINRA with information in connection with an investigation into his conduct. Benjamin F Bourgeois Jr., was a former registered representative with Commonwealth Financial Network of Metairie, Louisiana.
FINRA stated, “Without admitting or denying the findings, Bourgeois consented to the sanction and to the entry of findings that he failed to produce documents and information requested by FINRA during the course of an investigation into allegations reported on his Form U5 that he, among other things, borrowed money from a customer, converted customer funds, and committed fraud.”
According to FINRA’s BrokerCheck, which is available to the public on FINRA’s website, BENJAMIN F BOURGEOIS JR was discharged on April 1, 2019 from Commonwealth  Financial Network following these allegations, “Borrowing money from a customer in violation of FINRA Rule 3240 and Firm policy.”
On April 4, 2019, there was a Customer Dispute filed with FINRA against BENJAMIN F BOURGEOIS JR alleging: “Conversion of customer funds made by personal check purportedly for investment purposes; employing devices, schemes or artifices to defraud; making untrue statements of material facts; fraud. Activities are alleged to have begun sometime in or around 2016.” The damage amount requested is, $519,500.00.
On April 5, 2019, Commonwealth Financial Network filed an amended form U5 that disclosed a civil litigation in which a client alleged that BENJAMIN F BOURGEOIS JR defrauded her and took her money.
According to FINRA’s BrokerCheck, BENJAMIN F BOURGEOIS JR has 5 Disclosures on his CRD report. Bourgeois had been in the securities industry for 27 years and was listed with 9 firms, the 3 most recent are listed below:
05/29/2015 - 04/01/2019  COMMONWEALTH FINANCIAL NETWORK - METAIRIE, LA
03/07/2014 - 06/05/2015  LPL FINANCIAL LLC - METAIRIE, LA
05/14/2009 - 03/11/2014  STERNE, AGEE & LEACH, INC - NEW ORLEANS, LA
If you've also suffered financial losses due to the recommendations or actions of BENJAMIN F BOURGEOIS JR, formerly of  contact Soreide Law Group and speak at no cost to an experienced securities lawyer regarding the possible recovery of your investment losses through a FINRA arbitration at:  888-760-6552.
Soreide Law Group works on a contingency fee and represents our clients nationwide before FINRA.