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Charles Lucas Fined by the State of Washington

Charles Lucas (CRD #: 1285092) has been fined by the Washington State Department of Financial Institutions. This disclosure appears on his BrokerCheck record, accessed on February 14, 2024. Keep reading if you have questions. 

According to a regulatory action filed by Washington on November 7, 2023, Charles Lucas failed to reasonably supervise an employee who was subject to his supervision. The State imposed a fine of $4,500 and a monetary penalty of $500.  

FINRA Rule 3110 and Supervision

FINRA Rule 3110 requires that firms establish systems of supervision over their employees in order to detect and prevent violations of securities regulations. 

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violation of FINRA Rule 3110 also violates this rule. 

Background Information 

Charles Lucas has passed the following exams: 

  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 
  • Series 6 Investment Company Products / Variable Contracts Representative Examination 
  • Series 14 Compliance Officer Examination 
  • Series 28 Introducing Broker/Dealer Financial Operations Principal Examination 
  • Series 24 General Securities 

He has registered with the following firms: 

  • Elevation (CRD #: 140341) 
  • MIP Global (CRD #: 164640) 
  • Bourne Partners Securities (CRD #: 131107) 
  • New England Securities Corporation (CRD #: 615) 

Kurta Law Can Help 

If you have worked with Charles Lucas and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.

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