Ben Bourgeois, Financial Advisor Ben Bourgeois Arrested and Discharged from Firm | Goodman & Nekvasil P.A., May Recover Investor Losses
Ben Bourgeois CRD #2145555
Bob Bourgeois was licensed with Commonwealth Financial Network from 2015 to 2019 in Metairie, Louisiana. Ben Bourgeois was previously licensed with LPL Financial LLC. According to Ben Bourgeois’ CRD, Ben Bourgeois was discharged from Commonwealth Financial Network on April 1, 2019. Commonwealth Financial Network reported to FINRA that Ben Bourgeois allegedly borrowed money from a customer in violation of FINRA Rule 3240 and Firm policy.
According to a NOLA.com report, “Benjamin Bourgeois, 52, was booked with three counts of theft valued over $25,000, three counts of theft valued between $5,000 and $24,999, six counts of bank fraud and exploitation of the infirm.” In addition, according to the report “the victim, a woman from unincorporated Gretna, had been a client of Ben Bourgeois’ for about 10 years, according to authorities. Bourgeois was a financial advisor for the woman’s late husband and had been considered a family friend, Rivarde said.” The report also stated that “between March and December 2018, the woman sent Bourgeois more than $359,000 for him to invest. But when she recently asked for a receipt, the statement he sent was “not consistent” with the investment paperwork she’d received from him over the years, according to the sheriff’s office.”
According to Ben Bourgeois’ CRD, a civil suit has been filed alleging sales practice violations against Ben Bourgeois. Allegations in this civil suit include conversion of customer funds made by personal check purportedly for investment purposes; employing devices, schemes or artifices to defraud; making untrue statements of material facts; fraud. According to Ben Bourgeois’ CRD, this civil suit alleges damages of $519,500.
If you lost money on investments with Ben Bourgeois 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 concerning Ben Bourgeois’ 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 Ben Bourgeois 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.
Investment Fraud Attorney, Stockbroker Misconduct Disciplinary Actions, Unsuitable Investment Advice, Investment Fraud, Churning, Misrepresentation and Omission of Material Facts, Elder Fraud, Unauthorized Trading, Theft, Selling Away, Unapproved Outside Business, Nationwide, PIABA, SEC, Securities Exchange Commission, NASD, National Association of Securities Dealers, NASDAQ, Dow Jones, Wall Street, New York Stock Exchange