According to a recent FINRA announcement, Stephanie Murch Haggerty, formerly of Register Financial Associates, Inc. in Atlanta, Georgia, has been fined $10,000 and suspended from associating with any FINRA member firm for 30 days. Without admitting or denying the findings, Haggerty consented to the findings that she did not have the required Series 86 or 87 licenses required for research analysts when she was the principal author of or contributor to the “Stock Pick” sections of her member firm’ (presumably Register Financial Associates) newsletter. The findings further stated that Haggerty failed to disclose her ownership of securities that she profiled as “Stock Picks” because she did not treat the section as a research report. Finally, the FINRA findings state that Haggerty purchased a security for her own account within 30 days prior to the security being featured as a “Stock Pick,” and before her firm’s legal or compliance officers pre-approved the “Stock Pick” section of the newsletter.
Haggerty was previously employed as a broker by Interstate/Johnson Lane Corporation and First Southeastern Securities Group, Incorporated.
If you have questions about investments you made with Stephanie Murch Haggerty or Register Financial Associates, or if you believe that you have been the victim of a securities fraud, The White Law Group may be able to help. To speak to a securities attorney, please call our Chicago office at 312-238-9650 for a free consultation.
The White Law Group is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.
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