Brian Royster — Allegedly Borrowing Money from Clients

Brian Royster, a Former H.D. Vest Broker, Allegedly Borrowed Money from Clients

Brian Royster, a former H.D. Vest broker, allegedly borrowed money from clients, according to a recent Letter of Acceptance, Waiver, and Consent (AWC) presently being reviewed by attorneys Jason Kane and James Booker.

Investors who believe they may have lost money in activity related to Bryan Royster allegedly borrowing money from clients are encouraged to contact attorneys Jason Kane or James Booker with any useful information or for a free, no obligation discussion about their options.

The Peiffer Wolf Carr & Kane securities lawyers are currently investigating Bryan Royster allegedly borrowing money from clients.

Royster was purportedly fired by H.D. Vest on January 12, 2017, for allegedly violating the firm’s policy by allegedly borrowing money from clients, according to the aforementioned AWC. Said actions also led to a FINRA investigation, the AWC notes.

Royster started his securities career at NYLife Securities in 2004, continued on at State Farm in 2008 and Edward Jones in 2010, LPL Financial in 2013, and then finally toward H.D. Vest in 2014, FINRA states.

Brian Royster Allegedly Refused to Comply with a FINRA request for Documents and Information

Brian Royster, in September of 2017, allegedly refused to comply with a FINRA request for documents and information issued pursuant to FINRA Rules, according to the aforementioned AWC presently under review by attorneys Jason Kane and James Booker.

On August 14, 2017, pursuant to FlNRA Rules, FINRA staff allegedly sent Royster a written request seeking certain documents and information, the AWC notes. Said request stated that Royster was required to provide the documents by no later than August 28, 2017, the AWC notes.

Royster, on September 13. 2017, allegedly gave indications to FINRA staff that he would not comply with the August 14, 2017 request and also purportedly said that he would not supply the requested information at any time, the AWC notes.

Royster, by allegedly refusing to provide documents and information pursuant to FINRA Rules, allegedly violated FINRA Rules, the AWC notes. Hence, Royster has been barred from associating with any FINRA member in any capacity.

Finally one should also note that, according to the AWC,  Brian Royster neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Wolf Carr & Kane securities lawyers often represent investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Bryan Royster allegedly borrowing money from clients. 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 Bryan Royster allegedly borrowing money from clients may contact the securities lawyers at Peiffer Wolf Carr & Kane, Jason Kane or James Booker, for a free no-obligation evaluation of their recovery options, at (585) 310-5140 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

phil korosec (1250 Posts)


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.