A Boca Raton, Florida, broker has been suspended by FINRA for a period of three months due to a claim of using his own personal email address to solicit securities trades.
According to FINRA, from April to June of 2014, the broker allegedly sent approximately 20 emails from his own personal email address. The emails had discussed his firm’s business, and several of the emails recommended the purchase of interests in a private placement investment offered by his firm. According to FINRA in part the emails were misleading and unbalanced. Because FINRA requires that all broker/dealers keep their business communications for three years, the broker worked around the system by using his own personal account.
FINRA never recommends using private email accounts from your broker. It is always a ‘red flag’ when a broker starts communicating with his clients using his own personal email account.
If you have financial losses due to your broker/dealer’s recommendations, call Florida-based Soreide Law Group for a no-cost consultation on how to potentially recover your losses at 888-760-6552.