Brian James Egan—Failure to Disclose to Independent Financial Group, LLC that He Held Trading Authority
Brian James Egan Allegedly Failed to Disclose to Independent Financial Group, LLC that He Maintained Trading Authority in a Total of 87 Brokerage Accounts for Himself and Over 60 Customers
Brian James Egan allegedly failed to disclose to Independent Financial Group, LLC that he maintained and/or held trading authority in a total of 87 brokerage accounts for himself and over 60 customers, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Joe Peiffer and James Booker.
The aforementioned customers included both Egan’s family members and customers of his tax and accounting service, the aforementioned AWC reports.
The Peiffer Wolf securities lawyers are currently investigating Brian James Egan’s alleged failure to disclose to Independent Financial Group that he held trading authority over numerous brokerage accounts.
Brian James Egan Barred by FINRA after Allegedly Exercising His Trading Authority in Accounts at Other Firms to Execute Trades and to Transfer Funds and Securities
Brian James Egan allegedly exercised his trading authority in the accounts at another firm in order to execute trades and to transfer funds and securities from earmarked customer accounts to his own accounts at the other firm, according to the aforementioned AWC currently under review by attorneys Joe Peiffer and James Booker.
Egan also allegedly made misrepresentations in compliance forms he submitted to his firm, in which he certified and/or indicated that he had disclosed all of his personal trading accounts held away from his firm.
Lastly, Egan also failed to respond to requests for documents and information requested by FINRA, and provided false information in response to one such request for information, the AWC also reports. As a result of the aforementioned behavior, Brain James Egan allegedly violated FINRA Rules and hence has been barred by FINRA.
Securities Lawyers Investigating
The Peiffer Wolf securities lawyers often represent investors who lose money as a result of disclosure failure and are currently investigating Brian James Egan’s alleged failure to disclose his trading authority to Independent Financial Group, LLC. 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 Brian James Egan’s alleged failure to disclose his trading authority to Independent Financial Group, LLC may contact the securities lawyers at Peiffer Wolf, Joe Peiffer or James Booker, for a free no-obligation evaluation of their recovery options, at 504-523-2434.