Written by The White Law Group• November 22, 2019• 6:50 pm• Blog, Broker Investigations

Gerald A. Eaton Broker Investigation

Financial Advisor Gerald A. Eaton, Commonwealth Financial Network in Acton, MA

Are you concerned about investments with Gerald A. Eaton in Acton, MA? 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, on November 12, the regulator has reportedly barred financial advisor Gerald A. Eaton after he allegedly failed to produce information and documents relating to FINRA’s investigation into his recent alleged dismissal from his member firm.

According to his FINRA BrokerCheck report, Eaton was reportedly affiliated with Commonwealth Financial Network in Acton, MA from 1995 until 2018, when he was allegedly dismissed after he “fraudulently facilitated distributions from the accounts of clients without their knowledge or consent or for their benefit.”

According to an article in Think Advisor yesterday, Commonwealth reportedly terminated Eaton’s affiliation with Commonwealth Oct. 28 and “informed law enforcement of his activities,” according to Commonwealth senior vice president and general counsel Jim Adelman.

Investigating Potential Lawsuits

The White Law Group is investigating potential lawsuits regarding the liability that Eaton’s employers may have for failure to properly supervise him. When brokers 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 Franklin, Tennessee. We represent investors in FINRA arbitration claims in all 50 states, including Massachusetts. Our attorneys have recovered millions of dollars from many brokerage firms in the past.