Thomas Charbonneau Barred from Securities Industry

Thomas Charbonneau Barred from Securities Industry

Thomas Charbonneau Barred from Securities Industry 150 150 Rex Securities Law

Thomas Neil Charbonneau of Arden Hills, MN, was barred from the securities industry to resolve FINRA allegations that between October 2008 and May 2013, he sold 1.7 million shares of a speculative penny stock from his own account, which generated $400,000, while he was recommending to his customers that they buy the stock without disclosing to them that he was selling.

Charbonneau had obtained his shares in 2004 when he helped the company emerge from bankruptcy. His cost basis was less than a penny a share. The customers who took his recommendation and purchased the stock paid up to 65 cents a share.

In addition in 2013, while employed by Berthel Fisher,  Charbonneau  caused a customer to sign in blank an Alternative Investment Suitability Questionaire and other related documents for the purchase of a REIT.

FINRA records indicate Charbonneau was registered with Berthel Fisher & Company Financial Services from 11/2010-12/2013. Prior to that he was with Feltl & Company.

If you had an account with Charbonneau that suffered losses, contact us to learn how you may be able to recover damages.

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.

Rex Securities Law

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