Ricky Randon Moore—Outside Business Activities

New York investor rights attorneyRicky Randon Moore Allegedly Took Part in Outside Business Activities by Acting as President of Brazoria Church of Christ LLC; Moore Allegedly Failed to Provide Written Notice to Commonwealth Financial Network

Ricky Randon Moore allegedly failed to provide advance written notice to Commonwealth Financial Network in regards to his participation in a church bond offering, according to a Complaint from FINRA’s Department of Enforcement currently under review by attorneys Alan Rosca and James Booker.

Ricky Randon Moore allegedly engaged in said undisclosed outside business when he acted as the president and director of the Brazoria Church of Christ LLC, the Complaint notes.

The Complaint further alleges that Moore facilitated the church bond offering for the Brazoria Church, and the offering was purportedly $575,000, the Complaint reports.

It should also be noted that Ricky Moore was and is purportedly the minister of the Brazoria Church of Christ LLC in Brazoria, Texas, the Complaint notes.

The Church issued bonds to finance the construction of a new Church building, the Complaint states.

An Annual Compliance Questionnaire from Commonwealth Financial Network’s showed that Moore allegedly answered “No” to the question regarding whether he had participated in raising capital, equity, or debt for any public or private investment or venture outside of a firm-approved offering, the Complaint reports.

Furthermore, the Complaint further alleges that Moore allegedly answered the Questionnaire falsely when he failed to disclose that his participation in the Church bond offering was an outside business activity, the Complaint notes.

The Peiffer Rosca Wolf securities lawyers are investigating Ricky Randon Moore’s alleged outside business activities.

Ricky Randon Moore Fined $30,000 for Alleged Failure to Provide Proper Written Notice; Moore Allegedly Claims His Actions were “Tangential” and Did Not Constitute Participation in the Offering

Ricky Randon Moore has been suspended and fined $30,000 for his alleged failure to provide advance written notice to Commonwealth, according to a Complaint from FINRA’s Department of Enforcement presently being examined by attorneys Alan Rosca and James Booker.

Ricky Randon Moore, one should note, purportedly has denied that he took part in an outside business activity or falsely answered the Questionnaire, the aforementioned Complaint further alleges.

Moore further alleges that his participation in the aforementioned Church bond offering was so “tangential” that they did meet the level of participating in the offering, the Complaint reports.

Moore goes on to further make claims that the answer of “No” in the Questionnaire was made in truth because he did not participate in raising capital, equity, or debt for a public or private investment or venture that was not approved by Commonwealth, the Complaint notes.

It should also be noted that when Moore became registered through Commonwealth, he allegedly requested and received the Commonwealth’s permission to act as a pulpit minister for the Church and took in $30,000 in annual compensation, the Complaint states.

The Complaint then further notes that in Moore’s disclosure of outside business activity form submitted in November 2008 that his duties and obligations as pulpit minister would include teaching and preaching and that he would not spend any of his time and energy on this activity in regular business hours.

Moore allegedly agreed that none of the aforementioned activity would be conducted in a FINRA-registered office, the Complaint further notes.

Furthermore, the aforementioned activity would purportedly not be involved with Commonwealth customers, and that Moore would have no involvement in the finances of the Church, the Complaint notes.

The Commonwealth also allegedly approved Moore’s service as minister of the Church but also purportedly made a point of cautioning him that “should there be any change in the nature of your involvement in this activity, prior written consent must be obtained from the Commonwealth Compliance Department”, according to the Complaint.

The FINRA Hearing Panel in Dallas, Texas concluded that Moore violated FINRA Rules by engaging in outside business activities without providing prior written notice to his firm, and violated FINRA Rules falsely answering the Questionnaire, the Complaint states.

As a result of the aforementioned behavior, FINRA has fined Moore $30,000, the Complaint also reports.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of outside business activities and are currently investigating Ricky Randon Moore’s alleged 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 Ricky Randon Moore’s alleged outside business activities 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 (1141 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.