Patrick Richard Harrison (CRD #4976695, Fircrest, Washington) recently submitted an AWC in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Harrison consented to the sanction and to the entry of findings that he participated in a series of private securities transactions by introducing two senior investors to an individual who purported to sell the investors discounted shares in a publically traded regional bank without providing prior notice to his member firm. The findings stated that in addition to making the introductions, Harrison participated in phone calls involving the investors and the individual, and assisted in the mechanics of having funds transferred or deposited with the individual and/or entities the individual controlled. Harrison received over $14,000 from the individual. The individual ultimately never delivered any shares to the investors, who lost over $340,000 as a result. The findings also stated that Harrison made material misstatements and omissions concerning the investment to the investors. Harrison failed to adequately respond to red flags that the investment opportunity being presented was not genuine.

For the full FINRA findings, see FINRA Case #2014041898801.

According to his FINRA Broker Check, Harrison was registered with CUSO Financial Services from 08/2013 – 07/2014, Bancwest Investment Services from 06/2012 – 09/2012, Wells Fargo Advisors from 01/2011 – 06/2012, and Wells Fargo Investments from 09/2006 – 01/2011.

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