Martin Noonan Allegedly Failed to Respond to a FINRA Request Following a Bar
Martin Noonan (CRD #: 2982159) has been barred by FINRA. He also is facing a new regulatory action. These disclosures appear on his BrokerCheck record, accessed on June 28, 2024. Keep reading if you have questions regarding his alleged conduct.
Regulatory Actions
On May 21, 2024, FINRA alleged Martin Noonan failed to satisfactorily respond to a FINRA request to provide information regarding the status of his compliance with arbitration award or settlement. An award found Martin Noonan liable for $60,000. You can read a copy of the Award here.
On May 21, 2020, FINRA barred Martin Noonan following allegations that he refused to produce information or documents requested by FINRA during an investigation that began after reviewing a dispute resolution statement of claim filed against him and his member firm alleging unsuitable and excessive trading in a client account. Here is a copy of Bar.
Excessive Trading
FINRA Rule 2111, a.k.a. The Suitability Rule, requires brokers to tailor their investment recommendations to suit investors’ needs. Trades must be quantitatively suitable, meaning the number of trades must suit an investor’s needs. Each trade comes with a transaction fee, so too many transactions will result in excessive fees for the investor. Excessive trading is also known as “churning.”
Background Information
Martin Noonan 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 Representative Examination
During his 21 years of experience, Martin Noonan has registered with three firms:
- BMA Securities (CRD #: 108219)
- Equibond (CRD #: 37378)
- NBC Financial (CRD #: 46087)
Kurta Law Can Help
If you have worked with Martin Noonan 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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