Bryan Lightsey – Alleged Material Misrepresentations

California stockbroker fraud attorneyBryan C. Lightsey Allegedly Made Material Misrepresentations on Multiple Customer variable Annuity Applications

Bryan Lightsey, a former broker in Boca Raton, Florida, allegedly made material misrepresentations on multiple customer variable annuity applications, according to a recent Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and James Booker.

Investors who believe they may have lost money in activity related to Bryan Lightsey’s alleged material misrepresentations are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

The Peiffer Rosca Wolf securities lawyers are currently investigating Bryan Lightsey’s alleged material misrepresentations.

Bryan Lightsey, who was reportedly terminated by AXA Advisors in 2016 after seven years with the firm, received a request from FINRA staff, through counsel, for on-the-record testimony connected with an inquiry into the circumstances surrounding Lightsey’s discharge from AXA, according to the aforementioned AWC.

Lightsey began his securities career at Variable Annuity Marketing Company in 2001 and moved later that year to AIG Retirement Advisors, where he remained until 2008, according to FINRA. Lightsey is now no longer registered with any FINRA member firm, the AWC notes, but remains subject to FINRA’s jurisdiction

Lightsey was then registered with International Assets Advisory from March 2016 until August 29, 2016, but is no longer registered with any FINRA member firm, according to his FINRA BrokerCheck report

Lightsey, as purportedly represented by counsel to FINRA staff, and agreement of the AWC, allegedly acknowledged that he received FINRA’s request and will not appear for on-the record testimony at any time, the AWC states.

Bryan Lightsey Barred by FINRA

Lightsey, by refusing to appear for on-the-record testimony as requested pursuant to FINRA Rules, allegedly violated FINRA Rules, according to the aforementioned AWC currently under review by attorneys Alan Rosca and James Booker.

Lightsey has allegedly also consented to the imposition of a bar from association with any FINRA member firm in all capacities, the AWC notes. .

Lightsey’s FINRA BrokerCheck Report also reports that in August of 2016, he was fined $25,000, and prohibited from submitting an application for registration for 12 months, by the Florida Office of Financial Regulation, for allegations of misrepresentation, false statement, concealment of material fact, fraudulent transactions and engaging in prohibited business practices, the AWC notes.

One should also note that, according to the AWC, Bryan Lightsey, 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 investment fraud and are currently investigating Bryan Lightsey’s alleged material misrepresentations. 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 Lightsey’s alleged material misrepresentations 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 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

Alan Rosca (1234 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.