Call Now For a Free Consultation:
(614) 532-4576
Nationwide Representation

Meyer Wilson Investigating Claims Against Broker Andrew Yocum

The securities fraud lawyers at Meyer Wilson are currently investigating allegations against broker Andrew Yocum (CRD# 4590723)

The Financial Industry Regulatory Authority (FINRA) has permanently barred former Summit Brokerage Services broker Andrew T. Yocum from acting as a broker or otherwise associating with firms that sell securities to the public.

Yocum signed a Letter of Acceptance, Waiver and Consent on May 24, agreeing to the sanctions levied against him by FINRA without admitting or denying the findings.

FINRA began their investigation into Yocum in 2015 to determine whether he exercised discretion without written authorization, recommended unsuitable concentrated purchases of energy sector securities, and effected unauthorized transactions to senior citizens.

On March 30, 2016, FINRA sent a request to Yocum to give on-the-record testimony, which he refused to give. By doing so, he violated FINRA Rules 2010 and 8210.

Morgan Stanley, Yocum’s employer from 2009-2015, filed a Uniform Termination Notice for Securities Industry Registration (Form U5) on October 6, 2015 based on “allegations concerning acting on verbal discretion.” After registering with Summit Brokerage Services in December of 2015, they also filed a Form U5 on March 3, 2016 terminating Yocum’s association with their firm.

Yocum has 11 pending customer disputes totaling over $900,000 in damage amounts requested.

If you or a loved one invested and lost money with former Morgan Stanley and Summit Brokerage Services broker Andrew Yocum, contact our attorneys at Meyer Wilson for a free consultation to discuss your potential claim. All of our cases are handled on a contingency fee basis.

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
Atlanta Office

945 East Paces Ferry Road, Suite 2275
Atlanta, GA 30326
Columbus Office

305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

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

2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

4781 Richmond Rd.
Suite 400
Warrensville Heights, OH 44128
Bloomfield Hills Office

41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
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