FINRA Files Disciplinary Charges against Candius J. Bannister

Candius J. Bannister, of Sarasota, Florida, was named a respondent in a FINRA complaint alleging that she borrowed over $30,000 from a customer in violation of Edward Jones’ procedures and FINRA’s rules. The complaint alleges that Bannister has failed to repay the loans or otherwise comply with the terms of the loan.   Bannister did not submit any loan request forms to her firm in connection with the loans she received from the customer. The complaint also alleges that Bannister, on an annual basis, informed her firm from 2007 to 2012, acknowledging her understanding of the firm’s procedures and had not borrowed any funds from customers. (FINRA Case #2012033565601)

Investors who have suffered losses through the sale of variable annuities and non-traded REITs may be able recover their losses through arbitration. The attorneys at Silver Law Group are experienced in representing investors in cases against brokerage firms for violations of the sales of these complex or high commission products.   Financial advisors frequently need their own financial guidance and improperly borrow money or take loans from their own customers.  These are red flags and conduct which a firm generally does not permit.  We primarily represent investors on a contingent fee basis and, in most cases, we will agree to advance any costs.