According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Richard Rockwell (Rockwell), previously associated with H. Beck, Inc., has at least one disclosable event. These events include one tax lien, alleging that Rockwell recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a final customer complaint on December 04, 2024.
The Securities and Exchange Commission (‘Commission’) deems it appropriate and in the public interest that public administrative proceedings be, and hereby are, instituted pursuant to Section 15(b) of the Securities Exchange Act of 1934 (‘Exchange Act’) and Section 203(f) of the Investment Advisers Act of 1940 (‘Advisers Act’) against Richard Dow Rockwell (‘Rockwell’ or ‘Respondent’). Respondent has submitted an Offer of Settlement (the ‘Offer’) which the Commission has determined to accept. The Commission finds that on November 25, 2024, a final judgment was entered by consent against Rockwell, permanently enjoining him from future violations of Sections 206(1), 206(2) and 207 of the Advisers Act, Sections 5(a) and 5(c) of the Securities Act of 1933 (‘Securities Act’), and Section 15(a)(1) of the Exchange Act, in the civil action entitled Securities and Exchange Commission v. Dow Rockwell, LLC, et al., Civil Action Number 22-cv-02069, in the United States District Court for the Northern District of California. The Commission’s complaint alleged that, in connection with the sale of securities issued by Professional Financial Investors, Inc. (‘PFI’), Rockwell made false and misleading statements to his clients about his receipt of transaction-based compensation and failed to disclose to his clients material facts regarding the prior criminal conviction of PFI’s founder, and otherwise engaged in a variety of conduct which operated as a fraud and deceit on investors. The complaint also alleged that, at the time Rockwell sold PFI securities to his clients, Rockwell was not associated with a registered broker-dealer. The complaint further alleged that Rockwell sold unregistered securities.