Ferrell Lee Rollins Jr. (Ferrell Rollins) – Financial Advisor/Broker Ferrell Rollins Suspended by FINRA | Goodman & Nekvasil, P.A. May Recover Investor Losses
Ferrell Rollins was a previously licensed financial advisor with Capital Investment Group, Inc. FINRA reports that Ferrell Rollins was suspended from the securities industry for six months in September 2020.
According to FINRA Allegations:
Rollins consented to the sanctions and to the entry of findings that he borrowed $70,000 from an 89-year-old customer of his for a five-year term with an agreed amount of interest. The findings stated that Rollins’ member firm’s written policies prohibited registered representatives from borrowing money from firm customers without any exceptions. Rollins did not document the loan or its terms in any written instrument. Rollins made monthly interest payments until stopping upon learning that the customer had died. Later, a representative of the deceased customer complained to the firm after she discovered evidence of the loan in the deceased customer’s papers. The firm then repaid and settled with the customer’s estate. The findings also stated that Rollins falsely answered, “no,” in three firm annual compliance questionnaires in which he was asked if he “solicited or accepted a loan from … a client for any reason.”
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Ferrell Rollins 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 Ferrell Rollins’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 Ferrell Rollins 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 9/18/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.