Brian James Egan—Failure to Disclose to Independent Financial Group, LLC that He Held Trading Authority

New Orleans stockbroker fraud attorney

New Orleans stockbroker fraud attorney

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 Alan Rosca 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 Rosca 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 Alan Rosca 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 Rosca 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 Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1225 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.