Randall Coan Involved in Investor Dispute Alleging Misrepresentation of Material Facts
Randall Coan (CRD #:6444708), a broker registered with Charles Schwab & Co., is involved in an investor dispute, according to his BrokerCheck record accessed on February 16, 2022.
According to the allegations filed on December 6, 2021, Randall Coan provided inaccurate and misleading information as to whether or not his client could sell shares resulting from a merger even though the "new" shares had not yet been received into her account. The client further claims she incurred losses due to Randall Coan’s misrepresentation of material facts.
The investor is seeking $50,000一the case is still pending.
Misrepresentations and omissions concerning material facts in investment recommendations deprive investors of the information they need to assess risks associated with a particular investment. FINRA Rule 2020 prohibits brokerage firms and stockbrokers from making material misrepresentations or inducing people into buying investments with false statements about their potential benefits. This unethical conduct also violates FINRA Rule 2010, which states that brokers must uphold high standards of commercial honor.
Randall Coan 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 9 - General Securities Sales Supervisor - Options Module Examination
He is a registered broker in 50 states and Washington D.C.
Besides Charles Schwab & Co., Randall Coan has also worked with USAA Financial Advisors (CRD#:129035)
Kurta Law Can Help
If you have worked with Randall Coan and have concerns about your investments, don't hesitate to contact us today at 877-600-0098 or firstname.lastname@example.org for a free consultation.
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