Robert J. Regan, a registered representative of NFP Advisor Services, L.L.C., accepted a suspension and fine from FINRA relating to allegations regarding his participation in private placement investments. Regan operates under the Regan Financial Group in Danville, California.
According to Regan’s Letter of Acceptance, Waiver and Consent (“AWC”) with FINRA, “Regan participated in three private securities transactions when two of his NFP customers and one additional individual purchased approximately $350,000 of the stock of a private company.” The AWC reflected that “Regan did not provide written notification to the firm of his expanded activities nor receive permission to engage in them.”
Regan agreed to a 60-day suspension from the industry and to pay a $5,000 fine.
A review of Regan’s FINRA BrokerCheck report shows that he has been the subject of 2 customer complaints relating to alternative investments, one involving the sale of an investment in a limited partnership and the other involving an oil & gas investment.
The FINRA disciplinary proceeding relating to Regan’s AWC is No. 2013035916901.
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