Cornelius Peterson (Cornelius) has consented to a sanction from FINRA (the Financial Industry Regulatory Authority). FINRA is a non-governmental regulator of securities firms that focuses on investor protection and market integrity through effective and efficient regulation of the securities industry. The attorneys of Fishman Haygood Investment Fraud Lawyers are currently investigating possible claims against stockbroker Cornelius Peterson.
In September 2017 Cornelius Peterson was barred by FINRA indefinitely from practicing as a broker. Cornelius Peterson worked for Morgan Stanley in Boston, Massachusetts from 2011 to 2017.
FINRA alleges that Cornelius Peterson engaged in the following misconduct: failed to request termination of his suspension within three months of notice.
In January 2018 the U.S. Securities and Exchange Commission filed charges against Peterson alleging that while employed at Morgan Stanley he engaged in various schemes to defraud clients. In one instance he stole $450,000 from an elderly client.
The SEC also alleges that Peterson put clients’ funds at risk by using them as assets for loan financing and invested client funds into an investment in which defendants held a financial interest, without informing the client or disclosing their conflict of interest.
The SEC investigation further alleges that Peterson breached fiduciary duty by misappropriating funds and by making unauthorized transactions.
Cornelius Peterson has been the subject of at least 1 customer disputes.
If you invested money through Cornelius Peterson, we would like to talk to you. Fishman Haygood Investment Fraud Lawyers are experienced securities litigators. We have helped hundreds of clients recover their losses that were due to broker fraud or negligence. Contact us today to discuss your options and receive a free consultation.
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.