Have You Lost Money Investing With Bennett Broad?

As of August 2015, Broad is permanently barred from the securities industry by FINRA

According to his FINRA BrokerCheck report, Bennett Broad, who worked in the financial industry for more than 30 years, has amassed a 15-year history of allegations against him from clients. The complaints, which total 28, compelled the FINRA to sanction Bennett and permanently bar him from the industry in August of 2015.

While he spent much of his career working as a broker for Oppenheimer and Company in Jenkintown, Pennsylvania, Broad also spent several years working for other firms including UBS Financial Services based in Weehawken, New Jersey and Dean Witter Reynolds based in Purchase, New York.

One of the first official complaints against Broad was reported in 2001, when a client accused him of making excessive, unauthorized and unsuitable trades as well as breaching his fiduciary duty and committing common law fraud.

From the following year (2002) and up until he was sanctioned by the FINRA in the summer of 2015, Broad allegedly continually made excessive and unauthorized trades and misrepresented and omitted material facts related to investments in multiple customer accounts. With damages upwards of several million dollars, Broad is now permanently barred from the industry.

If you suspect that your broker has been involved in any misconduct as it relates to your relationship with him/her, or if you have lost money as a result of dealing with Broad or any broker, it’s recommended that you seek the services of an experienced securities attorney.

The attorneys at Silver Law Group are industry leaders in the field of FINRA and securities arbitration, representing individual and institutional investors across the United States who have lost money at the hands of trusted financial advisors. Our services are on a contingency-fee basis, which means we are only compensated if there is a recovery of losses. Contact us today for a complimentary consultation.