Securities Arbitration Lawyers BlogBroker Ricardo Broome Permanently Barred From FINRA
Allegations of unauthorized trading and unauthorized use of margin, along with failure to respond, drive FINRA decision
Multiple customer disputes and tax liens line Ricardo A. Broome’s FINRA-generated BrokerCheck report. Most recently, allegations against Broome include unauthorized trading and unauthorized use of margin. Damages granted in customer disputes against Broome in his 12 years in the securities industry equal almost $50,000.
Tax liens and/or judgments against Broome during the same time period equal almost $40,000. Ultimately, however, Broome failed to respond to a FINRA request for information in late 2015, and as a result, FINRA permanently barred him from acting as a broker or otherwise associating with firms that sell securities to the public.