{"id":6393,"date":"2018-08-13T16:22:09","date_gmt":"2018-08-13T20:22:09","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=6393"},"modified":"2018-08-13T16:22:09","modified_gmt":"2018-08-13T20:22:09","slug":"finra-gives-broker-jeffrey-fanning-suspension-fines","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/finra-gives-broker-jeffrey-fanning-suspension-fines\/","title":{"rendered":"FINRA Gives Broker Jeffrey Fanning Suspension, Fines"},"content":{"rendered":"

Jeffrey Fanning (CRD #1566859<\/a>) is a former broker and investment advisor whose last employer was Liberty Partners Financial Services, LLC (CRD #130390) of West Palm Beach, FL. Previous employers include Banc One Securities Corporation (CRD #16999) of Chicago and Andrew Garrett Inc. (CRD #29931) of New York City.\u00a0 No current employment information is available. He has been in the industry since 1986.<\/p>\n

FINRA has suspended Fanning for six months as a broker, and one year as a principal following the allegations and findings that he failed to supervise and adequately address possible excessive trading. He has also been fined $20,000 in the case.<\/p>\n

\"Failure-to-Adequately-Supervise-Prompts-FINRA-Suspension-of-Roman-Luckey-300x200\"Even when Liberty\u2019s internal processes should have triggered a review, Fanning did not adequately address the trading issues. Fanning was, for a time, a 50% owner in Liberty, as well as Liberty\u2019s CEO, CFO and FINOP. Fanning failed to establish and maintain written supervisory procedures (WSP) for the company to ensure that any excessive trading was reviewed, what the red flags were, and when to notify the customer of the potential for excess trading in their account.<\/p>\n

Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Jeffrey Fanning (CRD #1566859) is a former broker and investment advisor whose last employer was Liberty Partners Financial Services, LLC (CRD #130390) of West Palm Beach, FL. Previous employers include Banc One Securities Corporation (CRD #16999) of Chicago and Andrew Garrett Inc. (CRD #29931) of New York City.\u00a0 No current employment information is available. He […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[607,577,580],"tags":[1065,1066,1067,290],"class_list":["post-6393","post","type-post","status-publish","format-standard","hentry","category-failure-to-supervise","category-finra-disciplinary-actions","category-stockbroker-misconduct","tag-jeffrey-fanning","tag-liberty-partners-financial-services-llc","tag-scott-silver-liberty-partners-financial-services-llc","tag-securities-arbitration"],"yoast_head":"\nFINRA Gives Broker Jeffrey Fanning Suspension, Fines — Securities Arbitration Lawyers Blog — August 13, 2018<\/title>\n<meta name=\"description\" content=\"Jeffrey Fanning (CRD #1566859) is a former broker and investment advisor whose last employer was Liberty Partners Financial Services, LLC (CRD #130390) of — August 13, 2018\" \/>\n<meta name=\"robots\" content=\"index, follow, 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