Securities Arbitration Lawyers BlogErnest Romer has been Barred from the Securities Industry
The former Michigan broker’s career was filled with suspensions, investigations, and firings
In April of 2017, Ernest Julius Romer III received a permanent bar from the securities industry by the Financial Industry Regulatory Authority (FINRA). He was originally suspended by the agency, but because he didn’t request termination of the suspension, this automatically turned into a ban.
Romer began his career in 1993, and almost from the start, he found himself in trouble. In 1995 and 1998, he was permitted to resign from two brokerage firms. The first resignation was related to allegations of borrowing money from a client. The second had to do with unauthorized trading.