Brian Maguire – Financial Advisor/Broker Brian Maguire Barred by FINRA | Goodman & Nekvasil, P.A. May Recover Investor Losses
Brian Maguire was a previously licensed financial advisor/broker with Goldman Sachs. According to Brian Maguire’s BrokerCheck Report, Brian Maguire was barred from the securities industry in March 2021.
According to FINRA:
Maguire was a research analyst at Goldman Sachs. During 2020, Maguire learned one of his fellow analysts was planning to upgrade the research ratings of two companies that analyst covered. Maguire purchased the securities of those companies while in possession of that material nonpublic information in two accounts. One account was a family member’s individual account over which he had discretion and control (the individual account). The other account was a trust account over which he had discretion and control and in which a member of his household had a financial interest (the trust account). By trading on the basis of material nonpublic information, Maguire willfully violated Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder and violated FINRA Rules 2020 and 2010. Maguire executed other trades that also violated several provisions of FINRA Rule 2241, which addresses research analyst conflicts of interest. Specifically, Maguire (i) traded in securities of issuers he covered in contravention of his firm’s written prohibition in violation of Rule 2241(b)(2)(J); (ii) traded in a manner inconsistent with his current recommendations in violation of Rule 2241(b)(2)(J)(ii); and (iii) published research without disclosing that a member of his household had a financial interest in the securities of the issuer and the nature of that interest in violation of Rule 2241(c)(4)(A). In addition, during FINRA’s investigation of this matter, Maguire lied to FINRA staff regarding his trading history, violating FINRA Rule 8210.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Brian Maguire 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 Brian Maguire’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 $200 million on behalf of victimized investors. If you lost money on investments with Brian Maguire 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.
Some of the information in this blog post was obtained on 4/20/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.