Brian Scott Exford—Private Securities Transactions Allegations, Failure to Comply with FINRA Investigation

investment fraud lawyersBrian Scott Exford, While Associated with IBN Financial, Allegedly Engaged in Private Securities Transactions

Brian Scott Exford, while associated with IBN Financial, allegedly engaged in a private securities transaction, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC).

Exford, who was registered as an Investment Company Products and Variable Contracts Representative with IBN Financial from August 2009 through October 2012, allegedly refused to appear for on the record testimony in connection with a FINRA investigation to determine whether he had engaged in a private securities transaction, according to the AWC.

Brian Scott Exford Barred for Failure to Comply with FINRA Investigation into His Private Securities Transactions

In January, 2014, FINRA began investigating whether, while associated with IBN Financial, Exford had engaged in a private securities transaction, according to the AWC.

As part of its investigation, on January 13, 2015, FINRA sent a request to Exford’s attorney for Exford’s on-the-record testimony pursuant to FINRA Rules, and, as stated by his attorney on a telephone call with FINRA staff Exford, acknowledged that he received FINRA’s request and that he will not appear for on-the-record testimony at any time, the AWC reports.

By refusing to appear for on-the-record testimony as requested pursuant to FINRA Rules, Exford violated FINRA Rules, and hence, the AWC notes, consents to an imposition of the following sanctions: a bar from association with any FINRA member in any and all capacities.

The Peiffer Wolf Carr & Kane Investment Recovery Lawyers Often Represent Investors

The Peiffer Wolf Carr & Kane investment recovery lawyers often represent investors who lose money as a result of investment misconduct. 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 investment misconduct may contact the investment recovery lawyers at Peiffer Wolf Carr & Kane, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at (585) 310-5140.

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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.