Did you lose money investing with Bobby Wayne Coburn (CRD# 146789)? The former Florida broker has been barred from the securities industry for failing to cooperate with a regulatory inquiry into allegations that he solicited multiple clients to invest in unapproved private securities transactions.
According to FINRA’s online BrokerCheck database, Coburn consented to regulatory findings – through an Acceptance, Waiver, and Consent (AWC) – that he refused to furnish documents and information requested by industry regulators.
The findings stem from Coburn’s termination from his brokerage firm, Securities America, Inc., where he had been registered from February 2009 to April 2019. Securities America discharged Coburn over allegations that he:
Coburn also has two customer disputes on his record involving unsuitable investment in a variable annuity and failure to provide client payments due under Promissory note. Both disputes were settled.
If you or someone you love lost money investing with Bobby Wayne Coburn, Securities America, or any “Bad Broker” who may have engaged in investment fraud or misconduct, Meyer Wilson is here to help. Our attorneys have extensive experience representing wronged investors with claims involving unapproved transactions, unsuitability, and other regulatory violations or failures to supervise.
Call (800) 738-1960 to discuss your rights and options.