FINRA Allegations and Sanctions for misconduct
FINRA fined and suspended Jamie Silber Bennett (CRD# 2740248) of Silber Bennett Financial, Inc. of Encino, California $5,000 and 30 business days for using unregistered email account to conduct firm business and failing to produce the same during a FINRA investigation. Without admitting or denying the findings, Bennett consented to the sanctions and to the entry of findings that while assigned responsibility for his member’s firm review and retention of email, Bennett failed to ensure that the firm captured, retained, and reviewed emails related to firm business. The findings stated that a registered representative at firm branch office was engaged in an undisclosed outside business activity at the time, whereby he also attempted to solicit investments. Reasonable review of the representative’s email may have allow the firm, through its CCO Bennett, to discover these issues. Other findings state that Bennett frequently used a third-party email account instead of his firm account to conduct firm business. Bennett was unable to retain his own email, thereby causing the firm to act in contravention of Section 17(a) of the Securities Exchange Act of 1934 and Rule 17a-4 promulgated thereunder.
Investors Have the Right to Recover Their Losses
When investments are sold by brokerage firms licensed by FINRA, they are subject to the laws that FINRA enforces. The brokerage firms are responsible for ensuring that their brokers are trading fairly, ethically and in the best interest of their clients. Ideally, they would accomplish this through careful supervision. Unfortunately, too often this supervision has been inadequate to fully protect investors. If you purchased any investments through a representative of a registered brokerage firm and suffered loses through negligence or fraud, it immediately puts the brokerage firm at fault for failing to supervise their broker. FINRA law then dictates that you can hold the firm legally liable to recover your damages.
Can I recover my investment losses?
If you lost a substantial portion of your retirement savings or other assets as a result of investments purchased through Jamie Silber Bennett, Silber Bennett Financial, Inc., A.G.P./ Alliance Global Partners (f/k/a Euro Pacific Capital, Inc., Silver Portal Capital LLC or American Independent Securities Group, LLC please contact us immediately. Our investment fraud lawyers have recovered millions of dollars from the largest banks, insurance companies and brokerage firms in the world on behalf of investment fraud victims. You may have certain legal rights that require your immediate attention. Time is of the essence in these claims. The sooner you act, the greater your chances of recovering your investment losses. Don't wait. Contact us TODAY for a FREE Consultation and case evaluation. We will tell you if you have a viable claim worth pursuing.