Broker Investigation: Henry Arthur Taylor III, Cetera in Springdale, AR
According to The Financial Industry Regulatory Authority (FINRA), and reports, FINRA has suspended broker Henry Arthur Taylor III from association with any FINRA member for three months after he allegedly made a $30,000 private securities investment in a trucking firm without notifying Cetera and then purportedly tried to conceal it from the firm.
Taylor III reportedly signed a letter of acceptance, waiver and consent, without admitting or denying the findings on June 19. In addition to the suspension , he was fined $7,500. The trucking company investment reportedly represented a securities transaction “outside the course or scope of Taylor’s employment with Cetera,” according to FINRA’s findings.
FINRA alleges that his “failure to provide the required notice to Cetera is aggravated by the fact that he concealed the investment from the firm.”
In mid-February 2017 Cetera reportedly learned that Taylor was “either participating or contemplating participating in the trucking company investment, [and] warned Taylor that any such investment would constitute a prohibited private securities transaction that could result in his termination,” according to FINRA. Taylor also “falsely denied making any investment and falsely disavowed any intent to pursue any investment,” according to FINRA.
Taylor was reportedly registered with Cetera (through March 2017) and Moloney Securities (through May 2019), both of Springdale, AR. According to BrokerCheck, he is currently affiliated with International Assets Advisory. Taylor reportedly has six disclosure events on his broker record.
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When brokers violate securities laws the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration.
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We represent investors in FINRA arbitration claims in all 50 states. If you are concerned about your investments with Henry Arthur Taylor III, you may be able to file a complaint against your brokerage firm. Please call the securities fraud attorneys at The White Law Group at 888-637-5510 for a free consultation.
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