January 13, 2016- Griffin, Georgia
Stanley Ball entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that while he was registered with Allstate Financial Services, he failed to amend his Uniform Application for Securities Industry Registration or Transfer (U4) to report:
- two bankruptcy filings
- five tax liens
- two judgments
By such conduct Ball violated FINRA by-laws and rules. In addition Ball made false attestations to his employer on annual compliance questionnaires in which he failed to disclose the bankruptcies, liens and judgments.
AWC No. 2015044683301
Ball was fined $5,000 and suspended for 6 months.
FINRA records indicate that Ball was registered with Allstate Financial Services from 7/2002 -3/2015, when he was discharged by Allstate who made the following allegation on his FINRA record:
‘Failure to adhere to heightened supervision plan by not providing payment plans for federal and state tax liens. “
Ball is not currently registered.
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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