Larry J. Templin – Centaurus Financial – Temple, Texas
According to FA-mag on January 18, the Certified Financial Planner Board of Standards has imposed an automatic interim suspension for financial advisor Larry J. Templin of Temple, Texas.
Temple was reportedly barred from the securities industry by the Financial Industry Regulatory Authority (FINRA) in October 2018 after alleged bank fraud charges came to light.
According to FINRA’s Letter of Acceptance, Waiver & Consent, Templin allegedly refused to provide information requested by FINRA in its investigation which began after receiving his former member firm’s Uniform Termination Notice for Securities Industry Registration (Form U5) that alleged bank fraud.
Temple’s FINRA BrokerCheck report indicates that he was a registered representative with Centaurus Financial Inc. in Temple, Texas from September 2006 through June 2018 when he was reportedly dismissed for “alleged bank fraud”.
Under the automatic interim suspension, Templin’s right to use the CFP certification is suspended pending further investigation, according to the article.
Failure to Supervise
The White Law Group is investigating potential claims involving Larry J. Templin and the liability his employers may have for failure to properly supervise him.
Brokerage firms are required to adequately supervise their advisors. They must ensure they are complying with FINRA rules.
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 brokerage firms can be held responsible for any losses in a FINRA arbitration claim if it is determined that they failed to properly supervise their agent.
If you are concerned about investments with Larry J. Templin, the securities attorneys at The White Law Group may be able to help you. For a free consultation with an attorney specializing in investment fraud, please call (888) 637-5510.
The foregoing information, which is all publicly available, 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 more information, please visit our website, www.whitesecuritieslaw.com.
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