B.B. Graham Broker Barred for Obstructing Investigation
Thomas Morley Hogle, a general securities representative formerly associated with B.B. Graham & Company, was permanently barred from association with any FINRA member firm in any capacity after failing to cooperate with a FINRA investigation into allegations that Hogle made unsuitable investment recommendations in his former firm’s account of an elderly customer. FINRA Letter of Acceptance, Waiver and Consent, No. 20150443048 (May 8, 2015).
According to the Letter of Acceptance, Waiver, and Consent
FINRA, pursuant to FINRA Rule 8210, requested on March 23, 2015 and April 7, 2015 that Thomas Morley Hogle provide information and documentation regarding FINRA’s investigation into allegations of Hogle’s unsuitable investment recommendations of a client who was 101 years old. According to the AWC, Hogle eventually acknowledged in a phone call with FINRA that he received such requests but that he would not be providing such information and documentation at any point. Consequently, FINRA found him to have violated FINRA Rules 8210 and 2010.
FINRA registered representatives like Thomas Morley Hogle who do not cooperate with FINRA’s investigations often face a permanent bar from practicing in the securities industry as such lack of cooperation violates FINRA’s Rule 8210 – requiring that no member or person shall fail to provide information or testimony or permit an inspection and copying of books, records, or accounts pursuant to the rule. FINRA typically accompanies a Rule 8210 violation with a Rule 2010 violation when individuals, according to FINRA, do not appear to observe high standards for commercial honor and just and equitable principles of trade.
FINRA Public Disclosure Record on Thomas Morley Hogle
Public disclosure records via FINRA’s BrokerCheck reveal that Thomas Morley Hogle has been subject to at least 5 disclosure incidents, 1 of which involved a customer dispute. On March 8, 2005, Hogle settled a customer dispute for $85,000 after a customer alleged that Hogle engaged in churning, unsuitable investment recommendations, and unauthorized trading.
Guiliano Law Group
If you have been the victim of securities fraud and you have a complaint, you should consult with an attorney. The practice of Nicholas J. Guiliano, Esq., and The Guiliano Law Group, P.C., is limited to the representation of investors in claims for fraud in connection with the sale of securities, the sale or recommendation of excessively risky or unsuitable securities, breach of fiduciary duty, and the failure to supervise. We accept representation on a contingent fee basis, meaning there is no cost unless we make a recovery for you, and there is never any charge for a consultation or an evaluation of your claim. For more information contact us at (877) SEC-ATTY.