Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with Brian Lockett. If you suffered losses investing with Brian Lockett, then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
Brian Lockett (CRD# 4573162)
As of April 17, 2020, Brian Lockett’s FINRA BrokerCheck Report contains the following:
Disclosure Events
1 Customer Dispute(s)
1 Regulatory Event(s)
UPDATE 4/17/2020: According to FINRA’s January 2020 Disciplinary Actions: “Brian Joseph Lockett (CRD #4573162, Bothell, Washington) November 12, 2019 – An AWC was issued in which Lockett was fined $5,000 and suspended from association with any FINRA member in all capacities for 45 days. Without admitting or denying the findings, Lockett consented to the sanctions and to the entry of findings that he participated in a private securities transaction without providing prior written notice to his member firm. The findings stated that one of Lockett’s customers invested a total of $50,000 in a private placement offering and Lockett participated by introducing the transaction to the customer, summarizing the reasons he liked the investment, meeting with the customer to review and sign the paperwork and causing the paperwork to be submitted. Lockett did not receive compensation for his participation in the transaction. Lockett attempted to conceal his role in the transaction by suggesting to the customer that they communicate about the transaction via Lockett’s personal email address in the future. After the customer complained to it, the firm entered into a settlement to resolve the complaint. FINRA began an investigation into this matter after receiving a Form U5 amendment submitted by the firm. The suspension is in effect from December 2, 2019, through January 15, 2020. (FINRA Case #2016050847301)”
Current and Previous Registrations
11/29/2013 – PRESENT INDEPENDENT FINANCIAL GROUP, LLC (CRD#:7717) LYNNWOOD, WA
02/27/2004 – 11/29/2013 GENEOS WEALTH MANAGEMENT, INC. (CRD#:120894) LYNNWOOD, WA
09/26/2002 – 07/31/2003 COMMONWEALTH FINANCIAL NETWORK (CRD#:8032) WALTHAM, MA
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 Brian Lockett 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.
Galvin Legal, PLLC is a national securities arbitration, securities mediation, securities litigation, securities fraud, securities regulation and compliance, and investor protection law practice. For more information on Galvin Legal, PLLC and its representation of investors, please visit www.galvinlegal.com or call 1-800-405-5117.
