November 17, 2016 Comments (0) Current Investigations, Securities Fraud

Liam Binsack, Barred from Securities Industry

(Last Updated On: November 17, 2016)

According to FINRA, Liam J. Binsack (CRD# 2589683, New York, NY) was barred from the securities industry.

Binsack was discharged from Tullett Prebon on November 1 for allegedly accessing a firm system and altering company records in order to increase brokerage revenue attributable to himself.

According to the AWC, on November 3, FINRA staff sent requests to Binsack for on-the-record testimony and information.  By signing the AWC, Binsack acknowledges that he received FINRA’s requests and will not appear for on-the-record testimony at any time or produce the information requested.

For FINRA’s full findings see FINRA case # 2589683.

According to FINRA Broker Check, Binsack was registered with Tullett Prebon Financial Services in New York, New York from 06/2012 – 11/2016.

Brokerage firms are required to properly supervise all advisors they employ and to ensure that those advisors are complying with applicable FINRA rules and regulations.  If these allegations can be proven and if it can be demonstrated that Binsack’s former employer failed to properly supervise him, his employer may be held responsible for the losses in a FINRA arbitration claim.

If you suffered losses investing with Liam Binsack and would like a free consultation to discuss your litigation options, please call The White Law Group at 1-888-637-5510.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.