Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Mccommon (Mccommon), currently associated with B. Riley Wealth Management, has at least one disclosable event. These events include one tax lien, alleging that Mccommon recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a final customer complaint on November 22, 2024.
On B. Riley Wealth Management Inc.’s renewal application to act as an agent pursuant to Section 2103(a) of the Insurance Law, certified on or about March 23, 2021, Respondents failed to disclose that B. Riley Wealth Management Inc. was the subject of a FINRA Acceptance, Waiver & Consent, effective December 30, 2020. The Firm identified this ommission during an internal audit and immediately rectified the oversight; however, the Firm violated its agreement, in a prior 2013 Department Stipulation, that it would take all necessary steps to prevent the recurrence of violations of Section 2110(a)(2) of the Insurance Law.
