November 2016-Mesa, AZ
The FINRA records of Dominic T. DeBruin, a former stockbroker with LPL Financial, disclose that he has been permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
DeBruin, without admitting or denying the findings, consented to the sanction and entry of findings that he refused to provide information and documents and to appear for on the record testimony as requested by FINRA in connection with an investigation for depositing client funds related to potential private securities transactions undisclosed to his employer into his personal bank account.
Prior to working for LPL Financial, DeBruin was employed by Waddell & Reed.
If you have losses in an account in an account handled by Dominic DeBruin , contact us to discuss how you may be able to recover damages for those losses.
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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