FINRA recently announced that Rodney Jack Bradley, a former financial advisor with Merrill Lynch in Clearwater, Florida, has been barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Bradley consented to the described sanction and to the entry of findings that he borrowed approximately $480,000 from customers generally involving real estate investment, without his member firm’s knowledge. The findings also stated that Bradley promised customers returns of 20 to 25 percent and repayment within a month or two. He apparently told customers that he was using the funds for various purposes, but ultimately did not use the funds for the stated purposes, and used funds borrowed from customers to repay other customers. Finally, the findings stated that Bradley repaid only some customers a total of more than $155,000.
Prior to working at Merrill Lynch, Rodney Bradley was a financial advisor with Wachovia Securities and Prudential Securities. His FINRA Broker Report (CRD) indicates that the FINRA investigation is not the first time that he has been implicated in a claim related to possible securities violations. He has also been named in at least 7 customer complaints related to possible securities fraud.
If you have questions about investments you made with Rodney Bradley, or if you believe that you have been the victim of a securities fraud, The White Law Group may be able to help. David A. To speak to a securities attorney please call our Chicago office at 312-238-9650.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Boca Raton, Florida.
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