Daniel Edmund Walsh Suspended/Fined by FINRA

Daniel Edmund Walsh Suspended/Fined by FINRA 150 150 Rex Securities Law

In December 2013, FINRA announced that Daniel E. Walsh of Jamestown, New York, had submitted to a Letter of Acceptance, Waiver and Consent in which he was fined $25,000 and suspended from association with any FINRA member in any capacity for 18 months. According to FINRA findings, which Walsh did not admit or deny, Walsh sold  nearly $5 million of equity indexed annuities (EIAs) outside the scope of his employment and received compensation of $123,425. Walsh arranged for a non-registered person to impersonate a prospective EIA investor during a telephone call with another member firm. The findings also stated that Walsh willfully failed to amend his Form U4 to disclose reportable events involving actions by state insurance regulatory/licensing agencies.

According to FINRA records, is not currently registered with any FINRA firm. He was previously registered most recently as follows:

  • IBN Financial Services 9/2012-20/2013
  • Securities America          6/2008-1/2012

If you have suffered losses in your brokerage account you may be able to recover all or a part of those losses through FINRA arbitration.

Rex Securities Law , located in Boca Raton, FL, 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.

Rex Securities Law

561 391 1900

This site is protected by wp-copyrightpro.com

%d bloggers like this: