Thomas Neil Charbonneau, of Minnesota, submitted a FINRA AWC in which he was barred from association with any FINRA member in any capacity. Charbonneau was registered with Feltl and Company from March 2005 through October 2010. Charbonneau then joined Berthel Fisher & Company. Without admitting or denying the findings, Charbonneau consented to the sanction and to the entry of findings that he sold over 1.5 million shares of a speculative penny stock he owned, generating approximately $400,000, while he solicited and sold the same speculative penny stock to his clients without disclosing that he was selling his own proprietary holdings. Charbonneau’s conduct in failing to disclose his stock sales to his customers clearly prevented them from making an informed investment decision. The findings also stated that Charbonneau caused a customer to sign and initial in blank investment-related member firm documents pertaining to a potential investment in a REIT in contravention of his firm’s prohibition against such conduct. (FINRA Case #2010024882201)
Silver Law Group represents defrauded investors in FINRA arbitration claims for losses due to Wall Street malfeasance or stockbroker misconduct. We are currently investigating Thomas Neil Charbonneau and trading activity relating to penny stocks and the possibility of assisting any investors with the recovery of any losses they may have suffered. We primarily handle cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients. Any investors that believe they lost any money as a result of Mr. Charbonneau’s alleged improper sale of penny stocks may contact the securities and investment fraud attorneys at Silver Law Group for a free, no-obligation evaluation of their recovery options, at (800) 975-4345.