Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Vincent Fuchs (Fuchs), previously associated with Steward Partners Investment Solutions, LLC, has at least 2 disclosable events. These events include 2 regulatory, alleging that Fuchs recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a final customer complaint on October 21, 2024.
Without admitting or denying the findings, Fuchs consented to the sanctions and to the entry of findings that he participated in an OBA without providing prior written notice or receiving prior approval from his member firms. The findings state that Fuchs assisted with fundraising and strategic planning for two related companies. Among other things, Fuchs either contacted or met with multiple individuals, including at least one customer of his firm, to provide information about the companies and their business. For his OBA, Fuchs communicated using an email address provided by the companies’ founder, which included a signature block identifying Fuchs as an executive affiliated with one of the companies, in addition to using a personal email address. In anticipation of receiving compensation for his OBA, Fuchs discussed an equity stake in one of the companies and agreed to be enrolled in payroll software.
