July 2021- El Segundo, CA
According to publicly available records, former BMA Securities financial advisor Martin Noonan, has been barred from FINRA and discloses a pending customer dispute and outstanding liens.
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 May of 2020 in FINRA case #2019061162901 Noonan was permanently barred from the securities industry to resolve allegations that he refused to produce information or documents requested by FINRA during an investigation that began after reviewing a Dispute Resolution Statement of Claim filed against him and his member firm alleging unsuitable and excessive trading in client account.
In November of 2018, a BMA Securities customer filed FINRA case #18-03934 alleging mismanagement and that the account representative engaged in unsuitable or excessive trading while at Equibond, Inc. (Noonan’s previous employer)or BMA Securities. The alleged damages are $250,000 and the case is still pending.
Noonan was employed by BMA Securities from December of 2013 until April of 2020. Before that he was employed with Equibond, Inc. Noonan discloses a business affiliation with UBER.
Noonan discloses 8 outstanding liens, including tax liens to the state of Massachusetts.
If you have losses in an account handled by Martin Noonan, 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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