Goodman & Nekvasil P.A, May Recover Investor Losses – Douglas Eric Hampton Pleads Guilty to Conspiracy to Commit Federal Program Bribery
Douglas Hampton was licensed with First Allied Securities, Inc. from 2008 to 2013. Douglas Hampton was barred from the securities and investment banking industry by the Financial Industry Regulatory Authority (FINRA) on July 10, 2014. FINRA reports that Douglas Hampton consented to the sanction and to the entry of the findings that Douglas Hampton paid a total of $523,622, via wire transfer or personal check, to the CFO and Deputy Treasurer in the Office of the Treasurer of the State of Ohio, and two other persons, in exchange for state brokerage business that the CFO/DT directed to Douglas Hampton, in willful violation of Section 10(B) of the Security Exchange Act of 1934, and Rule 10B-5 thereunder. In exchange for additional securities business, Douglas Hampton agreed to pay the CFO/DT and two other persons who conspired with them, from commission proceeds that Douglas Hampton received from trading securities for the State of Ohio. The findings also state that Douglas Hampton pled guilty to felony conspiracy to defraud the United States of America in the U.S. District Court for the Southern District of Ohio, Case No. 2:13-CR-180. FINRA reports that Douglas Hampton received over $3.2 million in commissions because of executing 360 securities trades on behalf of accounts belonging to the Office of the Treasurer of the State of Ohio.
Subsequent to this FINRA action, FINRA reports that the SEC barred Douglas Hampton from any association with any broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent, or nationally recognized statistical rating organization; and pursuant to section 15(B)(6) of the Exchange Act, Douglas Hampton is barred from participating in any offering of a Penny Stock. FINRA also reports that Douglas Hampton pled guilty to conspiracy to commit Federal Program Bribery, honest services wire fraud, and money laundering, in violation of Title 18 United States Code, Sections 371 before the United States District Court for the Southern District of Ohio, Case No. 2:13-CR-180.
If you lost any money on investments with Douglas Hampton you may be able to recover your losses from First Allied Securities, Inc. This is because First Allied Securities, Inc. had a duty to supervise Douglas Hampton.
If you lost money on investments with Douglas Hampton and believe that 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 First Allied Securities, Inc. concerning Douglas Hampton’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. If you lost money on investments with Douglas Hampton 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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