Christopher Bond Suspended Following Allegations of Unauthorized Trading
Christopher Bond (CRD #: 4658534), a broker registered with National Securities Corporation, has been suspended from FINRA following allegations of unauthorized trading. This information is from Christopher Bond’s BrokerCheck record, accessed on March 26, 2022. You can find more information below about Christopher Bond’s conduct as a broker.
In a disciplinary proceeding filed on February 10, 2022, Christopher Bond consented, without admitting or denying, to FINRA’s findings in an Acceptance, Waiver, and Consent (AWC) agreement that alleged he exercised discretion without written authorization with respect to securities transactions in customer accounts. The suspension is for 15 days, and FINRA also included a $5,000 fine in the sanctions.
You can read a copy of the AWC here.
What is Unauthorized Trading?
FINRA Rule 3620 states that brokers and firms must obtain prior written authorization before using discretion to take any action in an investor’s account. A violation of FINRA Rule 3620 is also a violation of Rule 2010. FINRA Rule 2010 requires brokers to observe high standards of commercial honor and fair-trading practices. Brokers who make discretionary trades without receiving prior written authorization are in violation of both Rule 3620 and Rule 2010.
Prior Investor Dispute
On February 12, 2020, an investor alleged that the firm Christopher Bond recommended unsuitable investments. The investor sought $250,000; the dispute was settled for $75,000.
What is an Unsuitable Investment?
FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:
- Financial goals
- Risk tolerance
- Time horizon (i.e., how long the investor plans to hold the investment)
- Investing experience
- Tax status
Christopher Bond has passed the following exams:
- Series 65 – Uniform Investment Adviser Law Examination
- Series 63 – Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 – General Securities Representative Examination
Christopher Bond is registered as a broker in 28 states and a registered investment adviser in Ohio.
He has worked for the following firms:
- National Securities Corporation (CRD #: 7569)
- Gunnallen Financial, Inc. (CRD #: 17609)
- Ehrenkrantz King Nussbaum, Inc. (CRD #: 113535)
Kurta Law Can Help
If you worked with Christopher Bond and have concerns about your investments, please contact us today at 877-600-0098 or email@example.com for a free consultation.
For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and 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.