Regulatory officials from FINRA have barred Louisiana Broker-Advisor Benjamin Frank Bourgeois Jr. (CRD# 2145555) for failing to cooperate with an investigation into alleged investment fraud and misconduct.
Bourgeois was registered with broker-dealer Commonwealth Financial Network in Metairie, Louisiana from May 2015 until April 2019.
Investment Misconduct Allegations & FINRA Bar
According to FINRA BrokerCheck, Bourgeois was terminated by Commonwealth Financial Network on April 1, 2019 over allegations that he borrowed money from a customer in violation of FINRA rules and the firm’s policy. As part of FINRA’s investigation, it sent Bourgeois a request to provide documents and information, and Bourgeois did not comply.
Bourgeois was sued by a customer in the Eastern District of Louisiana on April 3, 2019, alleging that Bourgeois induced a 78-year-old widow to invest in sham investments in an entity called GHBC, which was a company owned and controlled by Bourgeois. That case is currently pending.
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Did you lose money investing with Benjamin Bourgeois Jr.? Brokers who engage in conversion, improper use of customer funds, and other alleged misconduct – as well as employers responsible for supervising them – may be held liable for financial losses.
Investment fraud and misconduct attorneys at Meyer Wilson are available to help wronged investors nationwide. Learn more about your rights and options by calling (614) 532-4576.
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