Don Everhart – Former Emerson Equity LLC Broker Suspended by FINRA – May Recover Investor Losses
Former Emerson Equity LLC Broker, Don Everhart Suspended by FINRA.
DONALD EVERHART, DONNY EVERHART, Don Everhart
CRD#: 2150508
DONALD JOE EVERHART (CRD#: 6781075), a previously employed investment adviser for Emerson Equity LLC in Dixon, CA, consented to a three-month suspension, an administrative fine of $7,500.00 and restitution of $100,000.00 ordered by FINRA.
Without admitting or denying the findings, Everhart consented to the sanctions and to the entry of findings that he willfully violated Rule 15I-1(a)(1) under the Securities Exchange Act of 1934 (Reg BI) by recommending that a retail customer invest in speculative, unrated corporate bonds sold by a publicly traded financial services company. The findings stated that Everhart’s recommendation resulted in at least 40 percent of the customer’s net worth, not including primary residence, being invested in the bonds. This recommendation was not in the customer’s best interest based on her investment profile that included a conservative risk tolerance, did not include speculation, and a stated investment objective of income and conservation of capital. Everhart earned $7,500 in commission in connection with this recommendation. Subsequently, after Everhart’s customer made her investment in the bonds, the selling company defaulted on its obligations to the bond’s investors and suspended further sales of the bonds. Ultimately, the company filed for bankruptcy.
Former Emerson Equity LLC Broker, Don Everhart Suspended by FINRA.
Goodman & Nekvasil, P.A., is investigating brokers who may have unsuitably recommended investments to their clients.
St. Petersburg, Florida law firm Goodman & Nekvasil, P.A., has a national practice representing victimized investors. The firm continues to investigate brokerage firms that placed elderly retirees and other conservative investors in unsuitable investments.
Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $500 million dollars on behalf of victimized investors.
We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.
There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.
If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.
Some of the information in this blog post was obtained from FINRA on 7/07/25. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.