October 25, 2018 Comments (0) Blog, Current Investigations

Charla Kabana Barred from Securities Industry

Charla Kabana
(Last Updated On: October 25, 2018)

Charla Kabana – LPL Financial – Huntington Beach, CA

According to the Financial Industry Regulatory Authority (FINRA), the regulator has barred California financial advisor Charla Kabana from the securities industry. According to the findings, Kabana consented to the sanction for failure to provide FINRA with the documents and information requested in connection with its investigation regarding her practices in respect to variable annuity business and related responses to compliance. The findings stated that Kabana also refused to appear for FINRA on-the-record testimony.

Kabana was a registered representative with LPL Financial in Huntington Beach, CA from May 2007 until she was reportedly fired in August 2016 for “Concerns regarding the Representative’s practices in respect to variable annuity business and related responses to Compliance,” according to her broker report.

More recently, from August 2016 until August 2018, Kabana was affiliated with Sagepoint Financial, according to FINRA BrokerCheck. She has 7 disclosure events listed on her report.

Failure to Supervise

The White Law Group is investigating the liability that Kabana’s employers may have for failure to supervise her.  Brokerage firms are required to adequately supervise their agents to ensure they are complying with FINRA rules. If it is determined that the broker dealer failed to supervise their agent, they can be held responsible for losses in a FINRA arbitration claim.

If you are concerned about your investments with Charla Kabana, the attorneys at The White Law Group may be able to help you. For a free consultation with a securities attorney, please call (888) 637-5510.

The foregoing information, which is all publicly available on FINRA’s website, is being provided by The White Law Group. 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.

For more information on The White Law Group, please visit www.whitesecuritieslaw.com.

 

 

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