Richard Ernest Griffin– Undisclosed Outside Business Activities

investor rights lawyersRichard Ernest Griffin Allegedly Engaged in Three Undisclosed Outside Business Activities

Richard Ernest Griffin, between May 2012 and January 2014, and while employed as a registered representative with Hennion & Walsh, Inc., allegedly failed to provide prior written notice to Hennion that he engaged in three outside business activities for which he received compensation or had a reasonable expectation of compensation, according to a recent FINRA Letter of Acceptance, Waiver, and Consent (AWC).

Griffin’s failure to provide written notice to Hennion regarding these outside business activities, the AWC further alleges, violated FINRA Rules. In addition, FINRA notes, Griffin also violated FINRA Rules by failing to appear and provide testimony requested pursuant to FINRA Rules.

Richard Ernest Griffin Allegedly Failed to Disclose Approximately $23,000 in Referral and Professional Fees; Barred from Association in Any and All Capacities with any FINRA Regulated Entity

Griffin, between May 2012 and January 2014, Griffin engaged in three outside business activities, according to the AWC. In January 2013, Griffin became a vice president and sales agent of Chief Wireless Officer (CWO), a wireless cellular telephone carrier.

Griffin was compensated with approximately $23,000 by CWO in referral and professional fees, according to the AWC, but failed to disclose his involvement with CWO to Hennion.

Griffin, who joined Hennion & Walsh, Inc. in December of 2012, until he was discharged in January 2014, has been barred from association in any and all capacities with any FINRA regulated entity.

The Peiffer Rosca Wolf Investment Recovery Lawyers Help Investors

The Peiffer Rosca Wolf investment recovery lawyers often represent investors who lose money as a result of undisclosed outside business activities. 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 undisclosed outside business activities may contact the investment recovery 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 (1174 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.