Raymond James Stockbroker Barred For Obstructing Theft Investigation
Stealing or the conversion of customer funds is never a good idea, and in fact it is illegal.
However, in response to an investigation by the Financial Industry Regulatory Authority that he did just that, Ft. Meyers based, Raymond James & Associates stockbroker Mark A. Bullivant, with the benefit of counsel, of course, decided that it may be a better idea simply not to cooperate with FINRA’s investigation.
Mark A. Bullivant Permanently Barred
As a result, Mr. Bullivant was permanently barred by FINRA, not for stealing, but for the failure to provide information to FINRA in connection with its investigation of him.
In 2014, FINRA staff commenced an investigation into whether Bullivant had converted customer funds. On May 15, 2015, FINRA staff sent a request to Bullivant for on-the-record testimony pursuant to FINRA Rule 8210 As stated in his phone call, through his attorney, with FINRA staff on June 4, 2015, and by this agreement, Bullivant acknowledges that he received FINRA’s request and that hc will not appear for on-the-record testimony at any time.
So on June 10, 2015, FINRA expelled him for life. Department of Enforcement v. Bullivant, Letter of Acceptance, Waiver and Consent No. 2013039617201.
Bullivant had been a stockbroker since 2001 making his way from Morgan Stanley to Raymond James & Associates where he worked in a small office in Ft. Meyers, Florida. Also, along the way, Bullivant appears to have been subject to a series of customer initiated investment related complaints or securities arbitrations alleging fraud and the sale of unsuitable investments.
However, for now, it is game over for Mr. Bullivant.
Mr. Bullivant’s victims should nonetheless not be deterred. Raymond James is generally responsible for Bullivant’s conduct, and they may be able to recover their losses.
Guiliano Law Group
Our practice 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 to you 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.