March 17, 2015
Armen Bahadourian entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that in late 2012, while registered with UnionBanc Investment Services, he executed a total of 15 unauthorized transactions in municipal securities in the accounts of nine customers in violation of MSRB Rule G-17.
Bahadourian was suspended for 18 months and fined $10,000 and ordered to repay the commission s of $6,880 earned on the unauthorized trades.
Young was previously registered as follows:
- McNally Financial Services 4/2014-8/2014
- UnionBanc Investment Services 10-2008-1/2013
- PNC Investments 3/2008-10/2008
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
Florida-561 391 1900