Securities Arbitration Lawyers BlogDarnell Anthony Deans Receives a Permanent Bar from FINRA
After numerous allegations, his 23-year career has come to an end
The Financial Industry Regulatory Authority (FINRA) has permanently barred Darnell Anthony Deans from the securities industry. The agency’s final ruling came after years of sanctions, suspensions, and fines related to a charge that he borrowed money from clients.
In 2015, FINRA discovered that Deans had three federal tax liens totaling about $250,000 and reported that he borrowed money from elderly clients in order to pay his debt. He allegedly did this without getting permission from his firm and, when questioned, he lied about his actions. If his clients did not know they were lending him money or he lied about what it would be used for, this could constitute elder financial fraud.