Derek Rehill Faces Two-Month Suspension by FINRA
Derek Rehill (CRD #: 2935032), a broker registered with VCS Venture Securities, has been suspended by FINRA, according to his BrokerCheck record, accessed on April 18, 2023. Read on if you want to know more about his alleged conduct as a broker.
FINRA Suspension
On March 20, 2023, Derek Rehill consented to the entry of findings that he allegedly inaccurately completed client contact notes between October and July 2019.
According to a Letter of Acceptance, Waiver & Consent (AWC), Derek Rehill allegedly had a responsibility to periodically call certain clients to confirm, among other things, their investment objectives, risk tolerance, and other information on the client’s new account form.
On four occasions, he allegedly inaccurately filled out client contact forms. Three of these forms allegedly incorrectly confirmed that the clients had speculative investment objectives. The fourth form allegedly confirmed that the client had a speculative risk tolerance when Derek Rehill had allegedly not asked any questions about risk tolerance.
The AWC concludes that these allegations constitute violations of FINRA Rule 2010.
FINRA Rule 2010
FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.
Sanctions
Derek Rehill consented to a two-month suspension. His suspension began on April 17, 2023, and will end on June 16, 2023.
You can read a copy of the AWC here.
Background Information
Derek Rehill 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 24 – General Securities Principal Examination
Derek Rehill is a registered broker in 11 states.
He has also worked for the following firms:
- Joseph Stone Capital (CRD#:159744)
- Four Points Capital Partners (CRD#:43149)
- Bishop, Rosen & Company (CRD#:1248)
- Brookstone Securities (CRD#:13366)
- Aegis Capital Corporation (CRD#:15007)
- Salomon Whitney (CRD#:145012)
- American Capital Partners (CRD#:119249)
- GunnAllen Financial (CRD#:17609)
- Joseph Stevens & Company (CRD#:35459)
- Ladenburg Capital Management (CRD#:14623)
- The Thornwater Company (CRD#:36195)
- Prudential Securities (CRD#:7471)
- Gaines, Berland (CRD#:14623)
Kurta Law Can Help
If you worked with Derek Rehill and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.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.
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