FINRA Files Complaint Against Peter Fetherston

Soreide Law Group is investigating possible investor claims against securities broker Peter James Fetherston [CRD: 2108610, Melville, New York]. Evidently, FINRA filed an enforcement or civil action against the securities broker, who worked for Principal Securities Inc. Allegedly, Fetherston converted funds. Here is a brief summary of FINRA’s allegations against Fetherston.

FINRA Charges Peter Fetherston With Conversion

Particularly, on May 3, 2022, FINRA initiated Case: 2020065396501 against Peter Fetherston. Mainly, FINRA alleged that Fetherston converted funds. Supposedly, the securities broker obtained $89,000 in checks from customers by having customers believe that they owed him commissions. Notably, FINRA says that those customers did not owe him commissions. The regulator says that Fetherston used customer funds to pay his personal expenses. Also, Fetherston allegedly provided false testimony in FINRA’s investigation.

Principal Securities Inc. Investor Complains About Peter Fetherston

Evidently, a Principal Securities Inc. client filed a complaint about Peter Fetherston. Namely, the client alleged that Fetherston received checks from them for investments and commissions. On February 28, 2020, Principal Securities Inc. settled this matter by paying the client $89,000 in damages.

MML Investor Services LLC Securities Broker Discharged

Also, MML Investor Services LLC terminated the registration of Fetherston on October 17, 2017, because of a criminal charge.

Principal Securities Inc. Disaffiliates With Peter Fetherston For Violation Of Policy

Specifically, on January 23, 2020, Principal Securities Inc. terminated the registration of Fetherston. Evidently, Principal Securities Inc. alleged that Fetherston failed to comply with the securities broker dealer’s policies.

Fetherston Employment Information

• Fetherston worked for Aegis Capital Corp. in Melville, NY, as a securities broker from March of 2020 to May of 2020.
• Fetherston worked for MML Investors Services LLC in New York, NY, as a securities broker from March of 2017 to November of 2017.
• Fetherston worked for Principal Securities Inc. in New York, NY, as a securities broker from March of 2018 to January of 2020.

Did Principal Securities Inc. Securities Broker Peter Fetherston Cause You To Experience Damages?

Have you suffered damages because of Peter Fetherston? If so, contact Soreide Law Group at (888) 760-6552 and consult with a securities attorney regarding the potential recovery of your investment losses or other damages. Soreide Law Group, who has effectively recovered money for hundreds of investors in all 50 states, represents clients on a contingency fee basis and advances costs. Fetherston and brokerage firms Fetherston worked for deny accusations of sales practice violations.