FINRA Investigates Benjamin Jerold Stockbroker
Terence Patrick Dolan Jr. of Miami Florida a stockbroker formerly employed by Benjamin Jerold Brokerage I LLC has been identified in a Financial Industry Regulatory Authority (FINRA) investigation in which it has been initially recommended by the regulator for Dolan to face disciplinary action for failing to supervise securities transactions. Investigation Nos. 20170539737 and 20170553345 (Mar. 25, 2020).
According to FINRA Public Disclosure, Dolan may be facing a FINRA Department of Enforcement disciplinary action supported by allegations that he neglected to create and implement supervision systems or written supervisory procedures with a view towards complying with Securities Act of 1933 Section 5 as it pertained to low-priced securities transactions. FINRA indicated that Dolan possibly failed to adequately review the risks pertaining to the deposit and sale of securities at Benjamin Jerold.
This would not be the first time that Dolan has been sanctioned by a securities regulator. Dolan was censured and fined $50,000.00 by New York Stock Exchange (NYSE) based upon findings that he violated Exchange Rule 401 through making false or misleading statement relating to a trade dispute.
Dolan’s employment with Benjamin Jerold Brokerage was terminated on April 17, 2019. Since December 4, 2019, he has been registered with Southern Trust Securities Inc.