FEBRUARY 2019-Orlando, Florida
The FINRA records of Norman R. Sicard, Jr. , a former stock broker who was last employed by Broker Dealer Financial Services Corp. disclose that he was sanctioned by regulators and the settlement of a customer dispute.
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 5/2018 FINRA permanently barred Sicard from the securities industry to resolve allegations that he refused to appear for on-the-record testimony into a FINRA investigation that he received an undisclosed loan from a customer, failed to timely disclose a personal bankruptcy and made unsuitable recommendations to a customer.
In FINRA Case 16-0889, a customer of Broker Dealer Financial Services alleged losses of $1 million for lost capital , lost opportunity, commissions, surrender penalties, interest and punitive damages. That case was settled for $450,000.
Norman Sicard was employed by Broker Dealer Financial Services from 5/2011-12/2016. Sicard discloses a business affiliation with Ameriteam Realty in Gotha, Florida.
If you have questions about an account handled by Norman R. Sicard, Jr., contact us for a no charge consultation.
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, at no cost to you.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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