FINRA Sanctioned Sean Casterline

Soreide Law Group is looking into investor claims concerning Sean Donovan Casterline [CRD#: 2212919, Orlando, Florida]. Evidently, Casterline worked for Delta Securities Company LLC (2018 to 2022). He worked for International Assets Advisory LLC (2017 to 2017). The broker disclosed a FINRA sanction on December 30, 2021, for alleged private securities transactions.

FINRA Sanctioned Casterline For Private Securities Transactions Violations

Notably, on December 30, 2021, FINRA issued Case: 2019061365002 sanctioning Sean Casterline for infractions. Specifically, FINRA alleged that Casterline engaged in unauthorized private securities transactions.

Supposedly, Sean Casterline, while associated with Delta Securities Company LLC, engaged in activities that conflicted with the firm's directives and FINRA's approval processes. He had previously disclosed an outside business activity. This involved him working as the managing director for an entity focused on developing senior living facilities. After his association with Delta Securities Company LLC, Casterline entered into agreements restricting him from participating in any private securities transactions during an ownership transition period.

Supposedly, Casterline solicited investments and facilitated the sale of membership units for the entity he was associated with. He raised approximately $1.5 million. Notably, the membership units in question were apparently classified as securities. For his role in these transactions, Casterline received $116,325 in selling compensation. However, he failed to provide written notice or obtain approval from his employing firm to partake in the sales of these units. Because of this, he acted outside the scope of his employment agreement.

For this reason, FINRA imposed an 18-month suspension from all capacities in the securities industry, starting from January 18, 2022, and ending on July 17, 2023. Alongside the suspension, he was ordered to disgorge the compensation received amounting to $116,325 and to pay a $5,000 fine.

Losses Caused By Sean Casterline?

Did you experience losses because of Sean Casterline? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group has a track record of recovering losses for investors nationwide, operates on a contingency fee basis, and advances all costs. Casterline and the brokerage firms he was associated with deny accusations of sales practice violations.