Andrew Todd Yocum– Effected Unauthorized Transactions, Exercised Discretion without Written Authorization
Andrew Todd Yocum Allegedly Effected Unauthorized Transactions, Exercised Discretion without Written Authorization, and Purportedly Recommended Unsuitable Concentrated Purchases of Energy Sector Securities to Senior Investors
Andrew Todd Yocum allegedly executed unauthorized transactions, exercised discretion without written authorization, and purportedly recommended unsuitable concentrated purchases of energy sector securities to senior investors, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and Joe Peiffer.
Andrew Todd Yocum allegedly has 15 customer disputes disclosed on his FINRA profile, the oldest of which is dated May 2015, and most of customers allege unsuitability and that the accounts were over-concentrated in oil & gas related securities, the AWC reports.
The Peiffer Rosca Wolf securities lawyers are currently investigating Andrew Todd Yocum’s alleged unauthorized transactions.
Andrew Todd Yocum Barred by FINRA for Alleged Failure to Appear for On-the-record Testimony Regarding an Investigation into Alleged Unauthorized Transactions
On March 30, 2016, FINRA Staff sent a request to Yocum for on-the-record testimony pursuant to FINRA Rules, according to the aforementioned AWC currently under review by attorneys Alan Rosca and Joe Peiffer.
Yocum acknowledges that he received FINRA’s request and would not appear for on-the record testimony at any time, and hence, violated FINRA Rules and has been barred by FINRA, the AWC reports.
One should also note that, according to the AWC, Andrew Todd Yocum neither admitted nor denied the FINRA findings.
Securities Lawyers Investigating
The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged unauthorized transactions and are currently investigating Andrew Todd Yocum’s alleged unauthorized transactions. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of Andrew Todd Yocum’s alleged unauthorized may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.