August 2021- Carnegie, PA
According to publicly available records, Ronald V. Pullman a currently unregistered financial advisor who was previously registered with Trustmont Financial Group, discloses 3 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 April 2021, in FINRA case #2020066109401, Pullman consented to the sanctions and to the entry of findings that he willfully failed to timely disclose state regulatory actions and orders entered against him on his Form U4. The findings stated that Pullman was aware of each of these state actions and orders and knew that he should have disclosed them within thirty days of when he learned of the action. Sanctions were a two month suspension and a $5,000 fine.
In September of 2015, in Case #PRN134231 the Maine Bureau of Insurance cancelled Pullman’s license for failing to notify them of actions taken against him in another jurisdiction.
In March of 2014, in case #CO14-05-016 the Commonweath of Pennsylvania Insurance Commissioner alleged that an application was executed in a state other than Pennsylvania when, in fact, neither Pullman nor the insured were in the other state. The Commissioner ordered a Cease and Desist and assessed a $10,000 fine, which was paid by Pullman individually.
In March of 2009, Pullman was discharged from employment with National Securities Corporation for failure to comply with firm policies and procedures.
In February of 2008, Pullman was permitted to resign from employment with Hornor, Townsed & Kent, Inc. after allegations brought by a third party fund company suggesting that Pullman may have made phone calls to the fund company claiming to be a deceased client of the fund company. The fund advised the firm of its concerns regarding two phone calls to its customer services department during which an individual claiming to be the deceased client of the fund requesting that his account be liquidated. Recordings of all relevant calls were provided to the firm. After presenting this information to Pullman, he denied having made the calls and suggested that his Client, the deceased’s son, might be able to provide clarification. Indeed, the son contacted the firm and indicated that he had made the calls. However, an individual identified as the son’s attorney subsequently contacted the firm and indicated that he had made the calls. As a result of the conflicting information, the firm’s examination into the allegations was unable to conclusively corroborate or refute these allegations.
Pullman has been employed by Trustmont Financial Group, Inc. since April of 2009. Before that time he was employed with National Securities Corporation and with Hornor, Townsend & Kent. He operates Pullman Financial Corp. in Carnegie, PA.
If you have losses in an account handled by Ronald Pullman, 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.
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