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NFP Broker Robert J. Regan Agrees to Fine, Suspension Over Private Placements

By January 26, 2016September 20th, 2017News

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.

Fishman Haygood 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 lawyer today.

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