September 5, 2018 Comments (0) Blog, Current Investigations

MA Secretary Galvin Sanctions Advisor Robert S. Graham for Selling Away

Robert S. Graham
(Last Updated On: September 5, 2018)

Robert S. Graham Barred – Capital Investment Group, Inc. – Investigation

According to the Financial Industry Regulatory Authority (FINRA) on August 23, financial advisor Robert S. Graham was reportedly barred from the securities industry and fined $15,000 by the Massachusetts Securities Division for allegedly engaging in unapproved outside business activities, including private securities transactions, which caused harm to a Massachusetts investor.

Beginning in August 2012, Graham while registered with Capital Investment Group (CIG), allegedly began to solicit a client to invest in Green Steel satellite projects via promissory notes and unit interest purchases, which included Groveton NHl, LLC and Island Station MNl, LLC, which later became St. Paul River Walk, LLC, according to the consent order.

According to his FINRA BrokerCheck report, Graham was registered with Capital Investment Group in Scottsdale, AZ from November 2010 thru June 2014.

“Selling Away”

The White Law Group is investigating the liability that Graham’s former employer Capital Investment Group may have for his actions in regards to his outside business activities.

When a FINRA registered representative conducts business outside the scope of the brokerage firm where they are registered, the act can be considered “selling away.”

Some brokers, looking to supplement their income, will go outside the traditional market, trying to find other products to push.

If a registered broker “sells away” from their firm, the brokerage firm may still be liable for negligent supervision of their broker representative and may be responsible for investment losses in a FINRA dispute resolution claim.

If you have invested with Robert S. Graham and CIG and are concerned about your investments, the securities attorneys at The White Law Group may be able to help you. For a free consultation with a securities attorney, please call our offices at 888-637-5510.

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

For more information on The White Law Group, please visit our website at http://www.whitesecuritieslaw.com.

 

 

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