The Financial Industry Regulatory Authority, or FINRA, regulates the securities industry by focusing on investor protection and ensuring market integrity. In October 2018, FINRA barred former Centaurus Financial, Inc. advisor Larry Templin for failing to respond to a written request by FINRA in regard to alleged bank fraud.
FINRA began investigating Templin after he was terminated by Centaurus Financial and FINRA received his former firm’s Uniform Termination Notice for Securities Industry Registration form that alleged bank fraud. After Templin refused to provide FINRA with documentation requested in connection with the investigation, he was subsequently barred “from associating with any FINRA member in any capacity.”
Without admitting or denying the findings, Templin consented to the sanction and to the entry of findings that he refused to provide information requested by FINRA.
Although the nature or scope of the alleged fraud is unclear, Templin’s disclosures state a number of outside business activities which often lead to the sale of unapproved investment products – a serious securities law violation. In many cases investors are not aware of the broker’s wrongful activities until after the investment scheme is made public, or the broker is fired by their firm or charged by law enforcement.
Templin entered the securities industry in December 1993, and was registered with the Temple, TX Centaurus Financial office from September 29, 2006 until June 1, 2018. Prior to Centaurus, Templin was employed by US Allianz Securities, Inc. in Temple, and 1st Global Capital Corp. in Dallas.
If you or someone you know invested money through Larry Templin, Fishman Investment Fraud’s team of experienced securities litigators can help. Our firm has helped hundreds of clients recover their losses due to broker fraud or negligence.
Fishman Haygood Investment Fraud Lawyers represents investors who have suffered investment losses in claims against their brokers or financial advisors. Our experienced attorneys have brought securities fraud cases in state and federal courts across the nation, as well as in FINRA arbitration. We work to help investors recoup their losses.
Of course, all cases are different. For that reason, we analyze each client’s matter individually and provide our personalized evaluation only after considering all of the facts and circumstances of all possible claims. If you or someone you know is the victim of securities fraud, please contact a Fishman Haygood Investment Fraud lawyer today.