Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Donald Ayers (Ayers), previously associated with the O.n. Equity Sales Company, has at least one disclosable event. These events include one tax lien, alleging that Ayers recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a final customer complaint on December 17, 2024.
Without admitting or denying the findings, Ayers consented to the sanctions and to the entry of findings that he willfully failed to disclose or timely disclose on Form U4 liens and judgments totaling approximately $230,000. The findings stated that Ayers failed to timely disclose nine of the liens or judgments on his Form U4, doing so after delays ranging up to 700 days late, with one lien that remains undisclosed. Most of the liens and judgments remain unsatisfied. In addition, Ayers also inaccurately attested on firm annual compliance questionnaires that he did not have any unsatisfied judgments or liens in the last year.
