Reynold Frank Vaughan III suspended from FINRA for four months for securities violations. Without admitting or denying the findings, Vaughan consented to the suspension and to the entry of findings that he engaged in unsuitable trading in customers’ accounts by engaging in speculative securities transactions without having reasonable grounds for believing that the recommendations were suitable in light of the customers’ investment objectives, financial situation and needs.
Based on Reynold Frank Vaughan’s FINRA Broker Report (CRD), it does not appear that this suspension is the first instance that Vaughan has been implicated in a possible securities violation. He also appears to have been named in at least 8 customer complaints related to securities fraud and two other regulatory inquiries.
Vaughan was previously employed by Prestige Financial Center, Maximum Financial Investment Group, Inc. in Hicksville, New York and Great Eastern Securities, Inc. in Syosset, New York.
If you have questions about investments you made with Reynold Frank Vaughan, or if you believe that you have been the victim of a securities fraud, The White Law Group may be able to help. To speak to a securities attorney, please call our Chicago office at 312-238-9650 for a free consultation.
The White Law Group is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.
For more information on The White Law Group, visit https://whitesecuritieslaw.com.Tags: broker fraud, FINRA, Hicksville, investment losses, investor protection, law firm, NASD, New York, Prestige Financial Center, Reynold Frank Vaughan, SEC, securities arbitration, Securities Attorney, Securities Lawyer, Syosset Last modified: July 17, 2015