John Abolarin is the Subject of a Regulatory Action
John Abolarin (CRD #: 2659399), a broker registered with PFS Investments, has been suspended by FINRA. This suspension appears on his BrokerCheck record, accessed on October 21, 2024. Keep reading if you have questions regarding his alleged conduct.
Regulatory Action
On September 6, 2024, John Abolarin consented to the entry of findings that he engaged in outside businesses without providing written notice to his member firm. He allegedly operated an IT consulting business and an e-commerce storefront business. FINRA alleges that he did not disclose his outside business activities until seven years after disclosing his outside business activities to his firm.
As part of the terms of his Acceptance, Waiver, and Consent agreement (AWC), John Abolarin consented to a one-month suspension. You can read a copy of the AWC here.
Outside Business and Selling Away
FINRA Rule 3270 requires brokers to inform their firm of any outside business activities or any investments sold away from the firm. The brokerage firm may prohibit the activity if the firm believes the proposed activity may compromise the broker’s duties. Firms may also require brokers to seek approval of any outside business.
Background Information
John Abolarin has passed the following exams:
- Series 63 Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 6 Investment Company Products / Variable Contracts Representative Examination
He is a registered broker in eight states.
During his 22 years of experience, John Abolarin has registered with two firms:
- PFS Investments (CRD #: 10111)
- Prusco Securities Corporation (CRD #: 5685)
Kurta Law Can Help
If you worked with John Abolarin and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email 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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