According to FINRA public records, barred broker Brian Lamont Royster (Brian Royster) has three disclosed customer disputes. FINRA (Financial Industry Regulatory Authority, Inc.) registers and regulates brokers and brokerage firms.
Between October 2013 and January 2018, customers filed disputes seeking damages for Brian Royster’s alleged misconduct. Allegations include he recommended and misrepresented annuities that were unsuitable investment. Two of the claims settled for $5,419 and $2,531. One dispute was denied.
In November 2017, FINRA barred Royster from acting as a broker or associating with a brokerage firm because he declined to cooperate with a FINRA investigation. FINRA said it was investigating Royster after his firm terminated him for borrowing his client’s funds.
Royster was registered with HD Vest Investment Services beginning in January 2014. In January 2017, HD Vest reported it discharged him because he “took loans from clients in violation of the firm’s policies.”
Previously Royster was registered with LPL Financial, LLC from September 2013 to January 2014 and Edward Jones from March 2010 to July 2013.
If you have questions about investments made with Brian Royster, call Marquardt Law Office LLC at (312) 945-6065 or send the firm a message to set up a free no obligation phone consultation.
Marquardt Law Office LLC is a securities law firm that represents investors nationwide who have suffered losses due to misconduct such as fraud and negligence.
Information regarding Brian Lamont Royster was obtained from FINRA BrokerCheck records accessed on August 31, 2018.
