Hagin Richeson Discloses FINRA Sanctions And Client Suitability Disputes

Soreide Law Group is investigating possible investor claims on behalf of those who incurred losses through securities broker Hagin Gifford Richeson [CRD: 5380166, Clearwater, Florida]. Notably, Richeson has worked for Corinthian Partners LLC since July 4, 2016, and with Corinthian Partners Asset Management LLC since December 16, 2022. Continue reading to learn more about Richeson's disclosures.

Corinthian Partners LLC Investor Accused Richeson Of Unsuitable Recommendations

Particularly, on October 2, 2023, a Corinthian Partners LLC client filed FINRA Arbitration No. 23-02495 about Hagin Richeson. Specifically, the client alleged that Richeson engaged in improper sales practices, including failing to perform due diligence. Consequently, the client allegedly sustained damages on unsuitable corporate bonds. Therefore, the client requested $9,000,000 in compensation from Corinthian Partners LLC or Richeson. Evidently, this arbitration is pending a resolution.

Corinthian Partners LLC Investor Accused Hagin Richeson Of Misrepresentation

Also, on May 2, 2023, accusations were leveled about Hagin Richeson by a Corinthian Partners LLC client, according to FINRA Arbitration No. 23-01190. The client alleged that Richeson made misrepresentations and omissions and violated both Florida securities law and FINRA rules. This matter involved corporate bond transactions. However, the complaint was withdrawn on June 14, 2023.

Corinthian Partners LLC Investor Accused Hagin Richeson Of Improper Sales Practices

Specifically, on March 10, 2023, another Corinthian Partners LLC client filed FINRA Arbitration No. 23-00467 about Hagin Richeson. Supposedly, the broker provided unsuitable advice. The client alleged damages on corporate bonds and requested compensation between $100,000 and $500,000. This arbitration is currently pending.

Florida Regulator Issues Sanctions Against Hagin Richeson For Unregistered Advisory Activities

Notably, on December 16, 2022, Florida Office of Financial Regulation issued an Order in Case No. 98067-S about Hagin Richeson. Specifically, the regulator sanctioned Richeson with a Cease and Desist order and a fine of $4,000. This action was initiated due to Richeson allegedly engaging in investment advisory business within Florida without registration.

Richeson was employed with Corinthian Partners Asset Management LLC during the period of the alleged unregistered activities. The regulator's findings established that he violated Florida Statutes Section 517.12(4). Evidently, Richeson agreed to pay the fine in full on December 16, 2022.

Have You Sustained Losses Due To Hagin Richeson?

Did you experience damages because of securities broker / financial advisor Hagin Richeson? If so, reach out to Soreide Law Group online or at (888) 760-6552 and discuss with a securities attorney a possible recovery. Soreide Law Group has effectively recovered losses for investors across the United States, operates on a contingency fee basis, and advances all costs. Richeson and the brokerage firms he worked for deny any accusations of sales practice violations.