Call Now For a Free Consultation:
(614) 502-6165

FL Broker Bobby Coburn Barred for Failing to Cooperate With FINRA Investigation Into Unapproved Transactions

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:

  1. Was involved in the solicitation of multiple clients to invest in an unapproved private securities transaction; and
  2. Engaged in the settlement of a related client complaint without the brokerage firm’s knowledge or consent.

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. 

Discuss Your Options. Call Meyer Wilson: (800) 738-1960

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 transactionsunsuitability, and other regulatory violations or failures to supervise.

Call (800) 738-1960 to discuss your rights and options.

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

Share This Story
If you found the information provided by this article useful, consider sharing to your social media channels to help others in their search for reliable resources.
Consult with Our Legal Team
There is never a cost associated with a consultation

Columbus Office

614-224-6000
305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

310-905-8688
2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

216-600-1355
6140 Parkland Blvd.,
Suite 330
Mayfield Heights, OH 44124
Bloomfield Hills Office

248-817-8214
41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
Follow Us
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram