BRIAN STANLEY PEARCE Suspended by FINRA

Soreide Law Group, based in Florida, obtained the following information on the Florida broker, formerly with FSC Securities Corporation, of Winter Haven, Florida, from FINRA’s January 2022 Disciplinary Report:
Brian Stanley Pearce (CRD #1334784, Winter Haven, Florida)
On November 2, 2021 an Acceptance, Waiver and Consent (AWC) was issued in which Brian Stanley Pearce was assessed a deferred fine of $5,000, suspended from association with any FINRA member in all capacities for seven months (November 15, 2021, through June 14, 2022) and ordered to pay disgorgement in the amount of $9,723, plus interest.
Without admitting or denying FINRA’s findings, Brian Stanley Pearce consented to the sanctions and to the entry of findings that he allegedly participated in private securities transactions without prior disclosure to, and approval from his member firm.
FINRA’s findings alleged that Brian Stanley Pearce solicited investors to purchase $607,730 in securities of a company that represented itself as a structured cash flow investment. Pearce received a total of $24,309 in commissions in connection with his sales of the securities. The company ceased business, owing nearly $300 million in unpaid investor payments, according to the FINRA report.
In an indictment, the United States charged the company and its owner with conspiracy to engage in mail and wire fraud related to its operations. Brian Stanley Pearce entered into a settlement agreement with a court-appointed receiver for the company, agreeing to repay approximately $14,586 of the $24,309 in commissions that he received from his sales of the company’s securities.
(FINRA Case #2020065314401)
The AWC stated, “From August 2016 to May 2017, Respondent solicited two investors to purchase $607,730 in securities of Future Income Payments, LLC (FIP). FIP represented itself as a structured cash flow investment that purchased pensions at a discount from pensioners and then sold a portion of those pensions as a “pension stream” to investors. FIP generally promised investors a seven to eight-percent rate of return on their investment. Respondent received a total of $24,309 in commissions in connection with his sales of FIP securities.”
According to FINRA’s BrokerCheck, BRIAN STANLEY PEARCE, has been in the securities industry for 36 years and has been listed with 9 firms. Pearce has 5 Disclosures on his FINRA CRD report, 2 “Regulatory,” and 3 “Customer Disputes.”
The firms Pearce was listed with more recently are listed below:
06/20/2019 - 05/11/2021  WORLD EQUITY GROUP INC  - WINTER HAVEN, FL
08/02/2018 - 06/20/2019   TAYLOR CAPITAL MANAGEMENT INC - WINTER HAVEN, FL
11/07/2012 - 08/03/2018   FSC SECURITIES CORPORATION - WINTER HAVEN, FL
If you or a family member suffered financial losses due to the actions or recommendations of BRIAN STANLEY PEARCE of Winter Haven, Florida, contact 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 basis and represents our clients nationwide before FINRA.