Bruce Michael Sabourin (Bruce Sabourin) Barred from Securities Industry and Fired by Cetera Advisors LLC – Goodman & Nekvasil P.A., May Recover Investor Losses
Goodman & Nekvasil P.A., May Recover Investor Losses - Bruce Michael Sabourin (Bruce Sabourin) Barred from Securities Industry and Fired by Cetera Advisors LLC
From 2012 until Bruce Sabourin’s firing in 2014, Bruce Sabourin was licensed with Cetera Advisors LLC. Bruce Sabourin was previously licensed with Sterne Agee Financial Services, Inc. According to FINRA’s records, Bruce Sabourin was fired by Cetera Advisors LLC on May 23, 2014. Cetera Advisors LLC reported to FINRA that Bruce Sabourin was accused of excessive trading in client accounts; alleged exercise of discretionary authority without client written consent.
Subsequent to Bruce Sabourin’s firing by Cetera Advisors LLC, FINRA investigated Bruce Sabourin and brought a disciplinary action against Bruce Sabourin. Bruce Sabourin was barred from the securities and investment banking industry on May 4, 2015. FINRA reports that Bruce Sabourin failed to respond to FINRA request for information.
FINRA reports that two arbitration claims and/or complaints were filed involving Bruce Sabourin’s conduct with Sterne Agee Financial Services, Inc. and/or Cetera Advisors LLC, alleging unsuitable, excessive trading and churning in equity securities and/or day trading. These two arbitration claims and/or complaints both settled, with one settling for $90,000. Additionally, FINRA reports that two complaints involving Bruce Sabourin’s conduct with a prior employer were also settled, with one settling for $96,938.
If you lost any money on investments with Bruce Sabourin, you may be able to recover your losses from Cetera Advisors LLC and/or Sterne Agee Financial Services, Inc. This is because Cetera Advisors LLC and Sterne Agee Financial Services, Inc. had a duty to supervise Bruce Sabourin.
If you lost money on investments with Bruce Sabourin 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 against Cetera Advisors LLC and/or Sterne Agee Financial Services, Inc. concerning Bruce Sabourin’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 $300 million on behalf of victimized investors. If you lost money on investments with Bruce Sabourin 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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