April 2021- Burr Ridge, IL
According to publicly available records, former Transamerica Financial Advisors, Inc. financial advisor Steven Harris, discloses two regulatory events, a termination and has been barred from the securities industry.
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 March of 2020 FINRA case # 2019062092401 alleged that Harris manufactured faked documents that he then provided to FINRA in response to its request during an investigation of his undisclosed outside business activity. The complaint alleges that FINRA requested that Harris provide certain financial information and bank statements and in response Harris provided false and incomplete information to it. Harris created fake bank statements for other accounts he purported to hold and provided manufactured documents to FINRA. The complaint alleges that Harris repeatedly lied about his actions during an on-the-record testimony, falsely claiming that he did not alter any of the records that he produced to FINRA. Harris was permanently barred from FINRA in all capacities.
In September of 2017 case 2017053990001 alleged that Harris failed to respond to FINRA request for information. Sanctions were a 30 day suspension. Harris was employed with Transamerica Financial Advisors, Inc., from August of 2018 until May of 2019 when he was terminated after a complaint was received by the firm alleging that Harris had received funds from a client in relation to an investment opportunity that was not approved by the firm.
Harris was employed with Transamerica Financial Advisors from March of 2018 until May of 2019 when he was discharged after a complaint was received by the firm alleging that Harris had received funds from a client in relation to an investment opportunity not approved by the firm.
If you have losses in an account handled by Steven Harris, call to learn how you may be able to recover damages through FINRA arbitration.
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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