Frank Bazan - Financial Advisor Frank Bazan Suspended from Securities Industry
Goodman & Nekvasil P.A., May Recover Investor Losses | Frank Bazan - Financial Advisor Frank Bazan Suspended from Securities Industry
Frank Bazan Financial Advisor CRD #5593113
Frank Bazan was previously licensed with BBVA Securities, Inc. from 2013 to 2016. Frank Bazan consented to the sanctions and to the entry of findings that Frank Bazan failed to disclose that he was involved in an outside real estate business to his member firm.
ACCORDING TO FINRA: The findings stated that the following year, Bazan submitted a compliance attestation to the firm that inaccurately stated he had not engaged in any outside business activities in 2013. The findings also stated that Bazan borrowed $150,000 from a firm customer without providing prior notice to or obtaining approval from his firm. The day after Bazan deposited the customer's check into his personal bank account, the bank identified the transaction as suspicious and reversed the deposit. Although Bazan had access to the customer's funds for a short period of time, he did not make any withdrawals before the deposit was reversed. The day after the deposit was reversed, Bazan resigned from his firm. The firm's written policies and procedures prohibited loans with customers unless the customer was an immediate family member or a financial institution in the business of providing credit. The customer was neither.
If you lost money on investments with Frank Bazan and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Frank Bazan’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Frank Bazan and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
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