Former Hilliard Lyons broker, Adam Estes Suspended for 15-Months and Fined $15,000

By September 12, 2016 September 20th, 2017 News

According to his Letter of Acceptance, Waiver and Consent (“AWC”) with FINRA, Adam Estes consented to a 15-month suspension from the securities industry and a $15,000 fine.  FINRA alleges that Estes participated in eleven private securities transactions without providing notice to his firm and in some instances accepted money from a firm client.  Further, FINRA claimed that he misrepresented and omitted details regarding these private securities transactions in firm questionnaires, as detailed in AWC 20140406335-01.

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