According to a recent FINRA Disciplinary Action, Derek Neal York (CRD #5798549, Pelham, Alabama) submitted an AWC in which he was barred from association with any FINRA member in any capacity.
Without admitting or denying the findings, York consented to the sanction and to the entry of findings that he participated in private securities transactions and failed to provide prior written notice of his participation in the transactions to his member firms. The findings stated that York engaged in an outside business activity, as the owner of a business and its sole employee, without disclosing and providing prior written notice to his firms.
For the full case information, see FINRA Case #2014039815901.
According to his FINRA Broker Check Report, York was registered with Edward Jones, Metlife Securities and LPL Financial during his time in the industry. His broker report also indicates that at least one state regulator was investigating him for his involvement in an investment called Multi-Family Real Return IV.
The foregoing information, which is all publicly available on FINRA’s website, is being provided by The White Law Group. The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.
For a free consultation with a securities attorney, please call the firm’s Chicago office at 312/238-9650. For more information on The White Law Group, visit https://whitesecuritieslaw.com.
Tags: alabama securities attorney, Multi-Family Real Return IV investigation Last modified: July 17, 2015