UPDATE 4/11/2020: According to FINRA’s February 2020 Disciplinary Actions: “Andrew Joseph Fairchild (CRD #1959274, Parkland, Florida) December 6, 2019 – An AWC was issued in which Fairchild was assessed a deferred fine of $7,500 and suspended from association with any FINRA member in all capacities for two months. Without admitting or denying the findings, Fairchild consented to the sanctions and to the entry of findings that he impersonated customers of his member firm in multiple recorded telephone calls to a company in order to request redemptions of funds from variable annuity products the customers had purchased. The findings stated that Fairchild impersonated the customers to circumvent the company’s policy permitting only customers to request redemptions over the telephone. All of the customers authorized the transactions, and the company properly processed the redemptions and distributed the funds directly to the customers. The suspension is in effect from January 6, 2020, through March 5, 2020. (FINRA Case #2018060848101)
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with Andrew Fairchild. If you suffered losses investing with Andrew Fairchild, then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
Andrew Fairchild (CRD# 1959274)
As of April 12, 2020, Andrew Fairchild’s FINRA BrokerCheck Report contains the following:
Disclosure Events
1 Customer Dispute(s)
2 Regulatory Event(s)
1 Employment Separation After Allegations
1 Financial Disclosure(s)
Current and Previous Registrations
10/16/2019 – PRESENT NEWBRIDGE SECURITIES CORPORATION (CRD#:104065) BOCA RATON, FL
12/07/2018 – 10/14/2019 KOVACK SECURITIES INC. (CRD#:44848) Parkland, FL
08/15/2014 – 12/10/2018 INVESTACORP, INC. (CRD#:7684) PARKLAND, FL
01/07/2003 – 08/18/2014 INVESTORS CAPITAL CORP. (CRD#:30613) PARKLAND, FL
11/22/1996 – 12/31/2002 PMG SECURITIES CORPORATION (CRD#:27107) ELGIN, IL
05/24/1996 – 11/22/1996 COMMONWEALTH EQUITY SERVICES, INC. (CRD#:8032) WALTHAM, MA
08/01/1990 – 05/24/1996 PRIME CAPITAL SERVICES, INC. (CRD#:18334) POUGHKEEPSIE, NY
07/14/1989 – 08/01/1990 VANTAGE FINANCIAL SERVICES, INC. (CRD#:19611)
07/14/1989 – 08/09/1989 FIRST INVESTORS CORPORATION (CRD#:305) NEW YORK, NY
FINRA requires brokerage firms to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. Brokerage firms that fail to conduct adequate due diligence or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
If you suffered losses investing with Andrew Fairchild and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
This information is all publicly available and is being provided to you by Galvin Legal, PLLC.
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