Benjamin Bourgeois Jr. Reportedly Arrested for Fraud
Have you suffered investment losses with financial advisor Benjamin Bourgeois Jr. in Metairie, LA? If so, the securities attorneys at The White Law Group may be able to help you to recover your losses by filing a FINRA Dispute Resolution claim.
According to numerous reports this week, Bourgeois, 52, was arrested after authorities say he allegedly stole more than $359,000 from a 78-year-old client.
Bourgeois was reportedly charged with three counts of theft valued over $25,000, three counts of theft valued between $5,000 and $24,999, and six counts of bank fraud and exploitation of the infirm, according to the Jefferson Parish Sheriff’s Office.
According to reports, the victim was a client of Bourgeois’ for about 10 years. Bourgeois was a financial advisor for the woman’s late husband and had reportedly been considered a family friend.
Between March and December 2018, the woman purportedly sent Bourgeois more than $359,000 for him to invest. The woman was allegedly concerned when the receipt she requested was “not consistent” with the investment paperwork she’d received from him over the years, according to the sheriff’s office.
According to his FINRA BrokerCheck Report, Bourgeois was affiliated with Commonwealth Financial Network in Metairie, LA from May 2015 until April 2019. Prior to that, he was reportedly registered with LPL Financial in Metairie, LA. He has three customer complaints listed on his broker report.
Bourgeois was being held last Thursday at the Jefferson Parish Correctional Center in Gretna in lieu of a $145,000 bond.
Recovery of Investment Losses
The White Law Group is investigating potential claims involving Bourgeois and the liability his former employers may have for failure to properly supervise him.
Under FINRA rules and regulations, Broker-Dealers are responsible for supervising the actions of those advisors registered with their firm, and therefore may be held liable for the actions of their Broker(s).
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.
We represent investors in FINRA arbitration claims in all 50 states, including Louisiana. Our attorneys have recovered millions of dollars from many brokerage firms in the past.
If you are concerned about you investment losses with Benjamin Bourgeois Jr., please call the securities fraud attorneys at The White Law Group at 888-637-5510 for a free consultation.
For more information on The White Law Group, and its representation of investors, please visit www.WhiteSecuritiesLaw.com.