Written by The White Law Group• July 24, 2023• 5:51 pm• Broker Investigations

Lynn Bryant Barred by Securities Regulator

FINRA Bars LPL Broker Lynn Bryant after Allegations of Private Securities Transactions

FINRA, the regulator who oversees broker and brokerage firms, has reportedly barred Hurst, Texas broker Lynn Bryant from working in the securities industry.

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On July 18, 2023, FINRA reportedly barred Bryant after she reportedly refused to appear for on-the-record testimony in connection with its investigation into whether she engaged in private securities transactions without providing prior written notice to, and receiving prior written approval from, her member firm.

According to FINRA, the investigation was launched after her member firm, LPL Financial allegedly discharged her for “participating in private security transactions with clients without prior notice to or approval from Firm.”

Private Securities Transactions

Private securities transactions often involve investments in private companies or offerings that are not registered with the SEC or publicly traded. These investments can carry higher risks and may lack the same level of disclosure and oversight required in public markets. By restricting brokers from participating in these transactions without proper oversight, regulators aim to protect retail investors from potential fraudulent schemes or risky investments.

Allowing brokers to participate in private securities transactions without disclosure could create conflicts of interest. Brokers might be motivated to recommend private investments to their clients to benefit themselves, rather than acting in the clients’ best interests. The restrictions help maintain the fiduciary duty of brokers to act in their clients’ best interests and avoid potential conflicts that could compromise the client-broker relationship.

FINRA BrokerCheck – Lynn Bryant

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.

BrokerCheck provides investors with detailed information about the professional history, qualifications, and regulatory actions of brokers and brokerage firms. Investors can use the tool to verify whether a broker or brokerage firm is registered with FINRA. It’s also a great way to review their employment history, licensing status, and any regulatory actions or complaints filed against them.

According to her FINRA broker report, Lynn Bryant was reportedly affiliated with the following firms during her career, among others:

B , 10/24/2007 – 10/07/2022 , LPL FINANCIAL LLC (CRD#:6413) , HURST, TX
B , 07/14/2000 – 10/25/2007 , RAYMOND JAMES FINANCIAL SERVICES, INC. (CRD#:6694) , HURST, TX

Recovery of Investment Losses

The White Law Group is investigating potential securities claims involving Lynn Bryant and the liability his employers may have for failure to supervise him. 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. We represent investors in all 50 states including Texas/ Our attorneys have recovered millions of dollars from many brokerage firms in the past.