Richard Ernest Griffin– Undisclosed Outside Business Activities
Richard 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 Wolf Carr & Kane Investment Recovery Lawyers Help Investors
The Peiffer Wolf Carr & Kane 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 Wolf Carr & Kane, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at (585) 310-5140.