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Written by 7:32 pm Broker Investigations, Current Investigations

Bobby Wayne Coburn Broker Investigation

Bobby Wayne Coburn Broker Investigation, featured by top securities fraud attorneys, The White Law Group

Bobby Wayne Coburn, Securities America, Fort Meade, Florida

Are you concerned about investments with Bobby Wayne Coburn in Fort Meade, FL? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim.

According to the Financial Industry Regulatory Authority (FINRA), the regulator reportedly barred Coburn from association with any FINRA member in all capacities after he reportedly failed to provide information in FINRA’s investigation; therefore, according to FINRA, he is automatically barred from association with any FINRA member in all capacities.

FINRA reports the regulatory body was investigating allegations that Coburn was involved in the solicitation of multiple clients to invest in an unapproved private securities transaction and reportedly engaged in the settlement of a related customer complaint without the Firm’s knowledge or consent.

According to a settled customer complaint on April 15, 2016, “Customer invested $30,000 in a Costa Rica real estate development and did not receive payments due under Promissory Note.”

According to his FINRA BrokerCheck report, Coburn reportedly was affiliated with Securities America in Fort Meade, FL from February 2009 until April 2019 when he was reportedly discharged.

Investigating Potential Claims

The White Law Group is investigating potential lawsuits regarding the liability that Coburn’s former employers may have for failure to properly supervise Coburn.

If it can be demonstrated that a broker violated securities laws, such as making investment recommendations away from their firm, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration.

Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.

We represent investors in FINRA arbitration claims in all 50 states, including Florida. Our attorneys have recovered millions of dollars from many brokerage firms in the past.

If you are concerned about investments you made with Bobby Wayne Coburn, please call the securities fraud attorneys at The White Law Group at 888-637-5510 for a free consultation.

For more information on The White Law Group, and its representation of investors, please visit https://whitesecuritieslaw.com.


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