Did you lose money investing with Suzanne Charrin (CRD# 4487222)?
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with Suzanne Charrin. If you suffered losses investing with Suzanne Charrin, then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
As of April 13, 2023, Suzanne Charrin’s FINRA BrokerCheck Report contains the following:
BARRED: FINRA has barred this individual from acting as a broker or otherwise associating with a broker-dealer firm.
Disclosure Events
1 Customer Dispute
1 Regulatory Event
1 Employment Separation After Allegations
January 17, 2023 – An AWC was issued in which Charrin was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Charrin consented to the sanction and to the entry of findings that she provided false information to FINRA in connection with its investigation into allegations that she engaged in an undisclosed outside business activity (OBA). The findings stated that in response to FINRA’s requests for documents and information, Charrin falsely stated that her OBAs involved the extraction of lavender oil and manufacture of lavender oil products, when in fact, both businesses were involved in the cannabidiol (CBD) oil industry. During subsequent on-the-record testimony provided to FINRA, Charrin admitted that she had provided false information related to her activities. In addition, Charrin falsely stated in a response to FINRA that the OB had not manufactured or tested any products when, in fact, the OBA involved the manufacturing and selling of CBD products. Furthermore, Charrin produced her tax returns that were requested by FINRA, but falsely represented that her accountant had incorrectly described the nature of one of her OBAs on her federal tax return as involving CBD oil business, rather than lavender oil business. During her on-the- record testimony, Charrin admitted that she had provided false information to FINRA in response to these requests. (FINRA Case #2021071665401)
Current and Previous Registrations
01/03/2005 – 04/19/2022 WOODBURY FINANCIAL SERVICES, INC. (CRD#:421) GREENWOOD VILLAGE, CO
04/02/2003 – 01/06/2005 SUNSET FINANCIAL SERVICES, INC. (CRD#:3538) KANSAS CITY, MO
03/11/2003 – 03/12/2003 SECURITIES MANAGEMENT & RESEARCH, INC. (CRD#:759) CEDAR RAPIDS, IA
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Due Diligence Requirement
FINRA requires broker’s to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. FINRA Rule 2111(a) states that “a member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer’s investment profile. A customer’s investment profile includes, but is not limited to, the customer’s age, other investments, financial situation and needs, tax status, investment objectives, investment experience, investment time horizon, liquidity needs, risk tolerance, and any other information the customer may disclose to the member or associated person in connection with such recommendation.”
Rule 2111 is composed of three main obligations: reasonable-basis suitability, customer-specific suitability, and quantitative suitability. Brokers and the brokerage firms they work for that fail to conduct adequate due diligence on investments they recommend or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Request a Free Consultation with a Securities Attorney
If you suffered losses investing with Suzanne Charrin and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
This information is all publicly available and is being provided to you by Galvin Legal, PLLC.
Galvin Legal, PLLC is a national securities arbitration, securities mediation, securities litigation, securities fraud, securities regulation and compliance, and investor protection law practice. For more information on Galvin Legal, PLLC and its representation of investors, please visit www.galvinlegal.com or call 1-800-405-5117.
