Written by The White Law Group• July 23, 2019• 7:11 pm• Current Investigations, Securities Fraud Articles

Harry F. Couglar Broker Investigation

Harry F. Couglar, Montage Securities – San Diego, CA

Are you concerned about investments you made with Harry F. Couglar in San Diego, CA? If so, the securities attorneys at The White Law Group may be able to help you.

According to a notice on the Certified Financial Planner Board of Standards, Inc. website, on June 13, 2019, the CFP Board imposed an automatic interim suspension temporarily suspending Couglar’s right to use the CFP®certification marks. CFP Board imposed the sanction after reportedly receiving evidence that Couglar entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority, Inc. (FINRA) on May 21, 2018, wherein FINRA made findings of rule violations and barred him from associating with any FINRA member in any capacity.

According to FINRA’s findings, Couglar allegedly failed to notify his firm and two other FINRA member firms that he purportedly had discretionary authority over 87 joint or individual accounts held by a total of 50 individuals at two other FINRA member firms.

FINRA alleges that Couglar “falsely stated to his firm that he did not have discretionary authority over any outside securities accounts belonging to non-family members; prepared tax returns for at least 18 individuals without disclosing his activities to his firm; and falsely stated to his firm that he had fully disclosed his outside business activities.”

According to the notice, Couglar’s right to use the CFP® certification marks is suspended pending CFP Board’s completed investigation and possible further disciplinary proceedings.

According to his FINRA BrokerReport, Couglar was registered with the Montage Securities in San Diego, CA from March 2012 until he was reportedly discharged in December 2016.

Investigating Potential Claims

The White Law Group is investigating potential lawsuits regarding the liability that Montage Securities may have for failure to properly supervise Couglar.

When brokers violate securities laws, such as participating in undisclosed outside business activities, 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 California. Our attorneys have recovered millions of dollars from many brokerage firms in the past.