Soreide Law Group, based in Pompano Beach, Florida, obtained the following information on Bobby Wayne Coburn from FINRA’s website under, “Disciplinary and Other FINRA Actions October 2019.”

Bobby Wayne Coburn (CRD #1464789, Lake Wales, Florida) was was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Coburn consented to the sanction and to the entry of findings that he allegedly refused to provide information and documents requested by FINRA in connection with a Form U5 submitted by his member firm.

FINRA’s findings stated that the firm submitted the Form U5 wherein it terminated Bobby Wayne Coburn‘s association and stated that he was allegedly involved in the solicitation of clients to invest in an unapproved private securities transaction and engaged in the settlement of a related customer complaint without its knowledge or consent. (FINRA Case #2019062319501)

According to FINRA’s BrokerCheck, in March of 2019, Bobby Wayne Coburn was discharged from Securities America, Inc. in Fort Meade, Florida. Also on Coburn’s FINRA report are two settled “Customer Disputes,” one from 2016 with allegations that the, “Customer invested $30,000 in a Costa Rica real estate development and did not receive payments due under Promissory Note.” and in 2018 the allegations were, “The client alleges the purchase of a variable annuity was not suitable.”

Bobby Wayne Coburn was registered in the securities industry for 30 years and was listed with 9 firms.  The following 4 firms are the most recent:

02/04/2009 – 04/15/2019  SECURITIES AMERICA, INC – FORT MEADE, FL

01/23/2009 – 02/03/2009  SECURITIES AMERICA, INC – FORT MEADE, FL

09/15/2008 – 01/23/2009  BRECEK & YOUNG ADVISORS, INC – FORT MEADE, FL

01/31/2002 – 09/22/2008  LEGEND EQUITIES CORPORATION – PALM BEACH GARDENS, FL

If you’ve suffered losses due to the actions or recommendations of the former Securities America of Fort Meade, Florida, broker Bobby Wayne Coburn, contact the Florida-based Soreide Law Group and speak to an experienced securities lawyer at no cost 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.