According to the Disciplinary and Other FINRA Actions report for January 2014, registered broker, Benjamin Irby Cox, was suspended for one year and fined $5,000 for falsifying suitability information on client intake forms.
Cox submitted a Letter of Acceptance, Waiver and Consent to settle Finra’s allegations. Without admitting or denying the FINRA’s findings, Cox consented that he cold-called potential investors to identify suitable investors for oil and gas offerings. During the cold calls Cox allegedly was to document information the information he gathered from the potential clients. Unfortunately, the report stated that Cox purportedly falsified information, including potential investor’s address, occupation, financials and investment experience on some of the documents he submitted to his firm.
According to FINRA’s BrokerCheck Report, Cox was registered in Plano, Texas with Red River Securities, LLC from 3/2010-3/2012.
If you suffered investment losses as a result of your dealings with Benjamin Irby Cox and would like to discuss your litigation options with a securities attorney, please call The White Law Group at (312)238-9650 for a free consultation.