Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Casey Bright (Bright), previously associated with LPL Financial LLC, has at least one disclosable event. These events include one tax lien, alleging that Bright recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a final customer complaint on October 30, 2024.
Without admitting or denying the findings, Bright consented to the sanctions and to the entry of findings that he engaged in an OBA without providing prior written notice to his member firm or receiving his firm’s written approval to engage in that OBA. The findings stated that Bright operated a bourbon tasting business and grossed between $75,000 and $100,000 hosting tastings. On at least one occasion, Bright hosted a bourbon tasting for a variable annuity issuer, and several other firm members/representatives attended this event. Bright completed annual compliance trainings that included modules related to disclosure of outside business activities. After each such training, Bright attested that he had reviewed all policies and procedures, including those related to disclosure of outside business activities, and understood that failing to make complete and accurate disclosures would result in disciplinary action. Bright has since closed his bourbon tasting business.
