Patrick J. Sullivan, a 44 year-old Cumberland, Rhode Island, financial advisor, was barred from the securities industry by the U.S. Securities and Exchange Commission (SEC), after pleading guilty to fraud charges. The SEC issued the order on March 21st, 2014.
Patrick Sullivan was a member and also a co-founder of and insurance business, Winchester Financial Securities. Sullivan, according to the SEC, pleaded guilty to interstate transportation of property taken by fraud in 2011. According to reports, Sullivan defrauded investors between 2005 - 2010 by converting clients funds to his own personal use instead of investing the clients' funds.
Sullivan has been ordered to make restitution in the amount of $424,905. He has been sentenced to 21 months in prison and 3 years of supervised release.
Soreide Law Group represents clients nationwide in arbitrations before FINRA. If you have experienced losses through your broker/financial advisor, call a Securities Arbitration Lawyer at Soreide Law Group for a free consultation on how to potentially recover your losses: 888-760-6552.
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: CENTAURUS FINANCIAL, INC (Respondent). The Claimants reside in Arizona and are retired. The Claimants were seeking stable investments that would provide them with income. The lawsuit states that the Claimants have a long-standing relationship with CENTAURUS FINANCIAL and its Financial Advisor, […]
Soreide Law Group is investigating potential investor claims involving DCM US Multi-Family Homes PLC notes sold or recommended through Andbanc Brokerage LLC. They are also investigating sales or recommendations through Andbanc Advisory LLC. Additionally, they are reviewing sales or recommendations through BCI Securities, Inc., Boreal Capital Securities, LLC (also known as Mora Capital Securities), and […]
Soreide Law Group está investigando posibles reclamaciones de inversionistas relacionadas con los bonos de DCM US Multi-Family Homes PLC vendidos o recomendados a través de Andbanc Brokerage LLC, Andbanc Advisory LLC, BCI Securities, Inc., Boreal Capital Securities, LLC (también conocida como Mora Capital Securities). Por otro lado, Mora WM Securities, LLC también estuvo involucrada. Si […]
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