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Peter Fetherston Subject of FINRA Allegation into Misappropriation of Funds

Sep 20, 2021 FINRA Investigation

Peter Fetherston (CRD #: 2108610), a former broker, is the subject of a FINRA investigation into his alleged misappropriation of investor funds. This is according to his BrokerCheck record, accessed on September 7, 2021. There are several other disclosures on his record, including a criminal charge.

On July 30, 2021, Peter Fetherston became the subject of a FINRA investigation into allegations that he converted $89,000 from his customers – money which he then deposited into his personal account. FINRA alleges that Peter Fetherston forged a note stating that investors gave him the money to help him pay medical expenses. The regulator also states that Peter Fetherston refused to identify the medical expenses.

His BrokerCheck record also features an investor dispute regarding the same conversion of $89,000, dated February 2, 2020. An investor alleged that Peter Fetherston told him the money would go toward commissions and investments. The dispute settled for $89,000.

On January 23, 2020, Peter Fetherston was fired from Principal Securities following allegations that he did not follow the firm’s policies regarding replacement and switch transactions.

On October 17, 2017, MML Investors Services fired Peter Fetherston in connection with a pending criminal charge.

On October 16, 2017, a court dismissed Peter Fetherston’s charge of witness intimidation. According to Mass Live, a woman who alleged Peter Fetherston attacked her invoked her right not to testify.

Peter Fetherston Background Information

Peter Fetherston has passed the following exams:

  • Series 63 Uniform Securities Agent State Law Examination
  • Securities Industry Essentials Examination
  • Series 7 General Securities Representative Examination
  • Series 6 Investment Company Products / Variable Contracts Representative Examination

Peter Fetherston has worked for the following firms:

  • Aegis Captial Corp (CRD #: 15007)
  • Principal Securities (CRD #: 1137)
  • MML Investors Securities (CRD # 10409)
  • Metropolitan Life Insurance Company (CRD #: 4095)
  • MSI Financial Services (CRD #: 14251)

Kurta Law Can Help

If you worked with Peter Fetherston and you have concerns about your investments, contact Kurta Law today. Call 877-600-0098 or email info@kurtalawfirm.com.