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Walter Priebe-Former Investacorp Broker – Sanctioned by Securities Regulator-Ft. Lauderdale

Walter Priebe-Former Investacorp Broker – Sanctioned by Securities Regulator-Ft. Lauderdale

Walter Priebe-Former Investacorp Broker – Sanctioned by Securities Regulator-Ft. Lauderdale 150 150 Rex Securities Law

August19, 2015,

Walter Paul Priebe , entered into a Letter of Acceptance, Waiver and Consent (AWC)  with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that he acted in a fiduciary capacity for various trusts without providing notice to his member firm and without obtaining approval.

According to the AWC, between 2001-2012, while registered with Investacorp in Ft. Lauderdale, FL, , Priebe engaged in outside business activities by serving as trustee for several trusts with clients of the firm. He failed to provide notice to Investacorp of his fiduciary roles and raise to obtain approval in violation of firm policies and in violation of NASD and FINRA rules.

AWC  No. 2014041781901

Priebe was suspended for 6 months and assessed a fine of $25,000. According to FINRA records, Priebe  was registered with Investacorp from 3/1989-7/2014 when he left to join Newbridge Securities Corporation.

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.

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Rex Securities Law

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Florida-561 391 1900 

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