January 2018-Houston, Texas
Donna Boyd (formerly Donna Chen) , a former stockbroker who last worked for Sunbelt Securities was named in a complaint filed by the Securities and Exchange Commission in December 2017, which alleges that Boyd acted as an unregistered broker in connection with the solicitation and sale of investments in Presidio Venture Capital fund (PVC), a company she formed with another former Sunbelt Securities broker, James Tao.
The SEC alleges that Boyd and Tao raised funds for PVC without the knowledge or approval of their employing firm Sunbelt Securities.
According to FINRA records Boyd worked for Sunbelt Securities in Houston from 10/2011-3/2016. Prior to that she was employed by Ameriprise Financial. On her FINRA records, Boyd discloses 2 prior regulatory events and 2 terminations from employment.
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.
In 8/2013 Boyd was suspended for 10 days and fined $5,000 by FINRA to resolve allegations that she maed 58 discretionary trades without obtaining prior written authority from the customers.
In 10/2011 Boyd was discharged by Ameriprise Financial Services who alleged that Boyd violated the firms policy on discretionary trading.
In 3/2016, Boyd was discharged by Sunbelt Securities who made the following allegation on FINRA records: “Registrant is under internal review for potential violations of FINRA rules. These violations relate to failure to provide prior written notification and receive written approval for outside business activities and private securities transactions”.
In 8/2016, Boyd was permanently barred from the securities industry by FINRA for failing to respond to a request for information in connection with a FINRA investigation.
If you have questions about an account handled by Donna Boyd (formerly Donna Chen) , contact us to discuss your legal options.
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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