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Written by 4:54 pm Broker Investigations

Broker Michael Brickman Barred by FINRA 

Broker Michael Brickman barred by FINRA, featured by top securities fraud attorneys, the White Law Group

Michael Brickman Barred by Securities Regulators 

According to a letter of acceptance, the Financial Industry Regulatory Authority (FINRA) has barred Michael Brickman (CRD#: 4042866) from associating with any FINRA member at any time. 

FINRA, the securities regulator, was investigating whether Brickman accepted personal checks made out to himself from a client. 

According to FINRA, Brickman reportedly refused to provide information in its investigation, leading to the bar. 

On August 9, 2023, Pruco Securities filed a Uniform Termination Notice for Securities Industry Registration (Form U5), reporting that Brickman had voluntarily terminated his association with the firm while the firm was investigating “allegations that [Brickman] accepted personal checks made out to [Brickman] from a client.” 

 FINRA Rules for Brokers 

 According to FINRA Rule 8210(a)(1), individuals and entities under FINRA’s jurisdiction must furnish information, whether orally, in writing, or electronically, concerning any matter relevant to a FINRA investigation or examination. 

Additionally, FINRA Rule 8210(c) mandates that no member or individual shall refuse to provide information or allow inspection and copying of books, records, or accounts as required by this rule. 

Violating FINRA Rule 8210 also constitutes a breach of FINRA Rule 2010, which mandates individuals associated with a FINRA member to uphold high standards of commercial honor and just and equitable principles of trade in their business dealings. 

FINRA BrokerCheck Report – Michael Brickman   

According to this FINRA BrokerCheck report, Michael Brickman was affiliated with the following firms during his career, among others:  

05/25/2018 – 08/09/2023, PRUCO SECURITIES, LLC. (CRD#:5685), PARAMUS, NJ,
B, 12/09/2010 – 12/22/2011, HARTFORD EQUITY SALES COMPANY INC. (CRD#:6604), HARTFORD, CT 

The FINRA BrokerCheck tool is a free online tool that allows investors to research and verify the background and credentials of financial brokers, brokerage firms, and investment advisors registered with FINRA. 

Investors can use the tool to verify if a broker or brokerage firm is registered with FINRA, review their employment history, licensing status, and any regulatory actions or complaints filed against them. 

Recovery of Investment Losses 

When brokers abuse client accounts and conduct transactions that violate securities laws, 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 Seattle, Washington. Our firm has handled over 700 FINRA arbitration claims on behalf of investors. 

Free consultation 

If you have suffered losses investing with Michael Brickman and Pruco Securities, the securities attorneys at the White Law Group may be able to help you. For a free consultation with a securities attorney, please call (888) 637-5510.

Tags: , Last modified: February 29, 2024