Securities Fraud Lawyer Blog
CFP Board Disciplines Sharon Fall.
In October, 2016 the Certified Financial Planner Board’s Commission of Discipline and Ethics announced the discipline of former LPL Financial, International Assets Advisory and Simplicity Wealth rep Sharon Fall by issuing a permanent bar and a prohibition against her using the CFP designation and certification. Fall, of Chester, Maryland had failed to file an answer to the CFP Board’s complaint seeking answers on her FINRA bar, and her terminations from two FINRA broker dealers.
The CFP Board was seeking to investigate Fall’s recent history in the securities industry. Their complaint alleged that Fall had been terminated from a member firm for borrowing money from clients, had been terminated from another firm for communicating with clients before her license was approved, and had been barred by FINRA for refusing to cooperate into a FINRA investigation that she had improperly borrowed money from clients. In addition, the state of Maryland filed an administrative proceeding against Fall alleging that she engaged in dishonest and unethical conduct by borrowing money from clients. The action resulted in a licensing bar and a $15,000 fine
Registration and disciplinary history
In order to lawfully sell investments to the public, a registered rep must either be registered or exempt from registration. Sharon Fall is not presently registered, and has accepted a permanent bar from FINRA.
According to FINRA’s CRD disclosure report, Sharon Fall has been the subject of one customer complaint and two regulatory investigations.
The Law Office of David Liebrader practices exclusively in the field of investment loss recovery. For the past 23 years, we have dedicated our law practice to assisting investors who have been victims of investment fraud via fraudulent and unsuitable investment transactions. During that time we have recovered money for over one thousand individuals, pension plans, trusts and companies. The recoveries we have obtained via judgments, awards and settlements on behalf of our clients exceed $40,000,000.
When investors contact our firm they can expect prompt attention, and a detailed analysis of their issues. Typical claims that we are asked to review involve “unsuitability (where a financial advisor makes investment recommendations that are inconsistent with a customer’s investment objectives), claims for “churning” (where a broker enters into an excessive number of trades for the purpose of generating commissions), claims involving illiquid investments such as private placements (I.e., real estate investment trusts, limited partnerships, equipment leasing and oil and gas drilling programs) as well as claims for violations of state securities laws, which often provide investors remedies like attorney’s fees and interest, if they are successful on the claim.
If you suspect that you have been the victim of investment fraud, or had a financial advisor recommend unsuitable investments to you, call us today for a free, confidential consultation at (702) 380-3131.