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Former Centaurus Broker Maryellen Lindley Fined/Suspended by FINRA

Former Centaurus Broker Maryellen Lindley Fined/Suspended by FINRA

Former Centaurus Broker Maryellen Lindley Fined/Suspended by FINRA 150 150 Rex Securities Law

Anderson, South Carolina

Maryellen T. Lindley, formerly registered with Sandlapper Securities, was assessed a deferred fine of $10,000 and suspended by FINRA for 12 months to resolve allegations that she shared commissions iwth unregistered individuals.

In the FINRA findings, Lindley invested $1.1 million on behalf of customers  and earned commissions of about $90,000, half of which was shared with accountants, who were not registered with FINRA, who had referred the investors to her. The findings also state that Lindley failed to disclose this to her member firm and denied the commission spitting arrangement in response to FINRA’s requests for information.

According to FINRA records Finley was registered with Sandlapper Securities from 10/2013-1/2014. Prior to that she was registered with Centaurus Financial. 

Rex Securities Law provides nationwide representation to investors 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.

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