Bruce William McNabb– Private Securities Transaction without Providing Prior Written Notice to His Firm

investment fraud attorneysBruce William McNabb Allegedly Participated in a $4 million Private Securities Transaction without Providing Proper Prior Written Notice to the Firm

Bruce William McNabb allegedly participated in a $4 million private securities transaction without providing prior written notice to Merrill Lynch, Pierce, Fenner & Smith Incorporated, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and Joe Peiffer.

Bruce William McNabb allegedly represented a group of three investors, one of whom was a Firm customer, in connection with a transaction in which they formed an entity that purchased stock in AU, a corporation (AU Corp.), for $4 million, the AWC notes.

The Peiffer Rosca Wolf securities lawyers are currently investigating Bruce William McNabb’s alleged improper business practices.

Bruce William McNabb Suspended and Fined $50,000 for participating in a $4 million Private Securities Transaction without Providing Proper Prior Written Notice to Merrill Lynch, Pierce, Fenner & Smith Incorporated

Bruce William McNabb allegedly violated NASD Rules which provide that”[p]rior to participating in any private securities transaction, an associated person shall provide written notice to the member with which he is associated”, according to the aforementioned AWC currently under review by attorneys Alan Rosca and Joe Peiffer.

A violation of certain NASD Rules constitutes a violation of certain FINRA Rules, and subsequently Bruce William McNabb violated FINRA Rules, and hence, has been suspended and fined $50,000 by FINRA, the AWC notes.

One should also note that, according to the AWC, Bruce William McNabb 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 improper business practices and are currently investigating Bruce William McNabb. 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 Bruce William McNabb’s alleged private securities transaction without proper approval 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.

Alan Rosca (1157 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.