Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Thompson (Thompson), previously associated with Concourse Financial Group Securities, Inc., has at least one disclosable event. These events include one tax lien, alleging that Thompson recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a final customer complaint on September 16, 2024.
Without admitting or denying the findings, Thompson consented to the sanctions and to the entry of findings that he engaged in an outside business activity without providing prior written notice to his member firm. The findings stated that Thompson requested that his firm pre-approve his employment as a business development officer of an outside bank, but the firm denied his request. Thereafter, while Thompson was still associated with his firm, he served as a business development officer of the bank. In that capacity, Thompson sold financial products and received compensation of approximately $85,000.
