Goodman & Nekvasil P.A., May Recover Investor Losses – Maryellen Oram Trotter Lindley (Maryellen Trotter Lindley) a/k/a Mary Ellen Oram and Mary Ellen Trotter Suspended from Securities Industry and Fired by Centaurus Financial, Inc.
From 2003 until Maryellen Trotter Lindley’s firing in 2013, Maryellen Trotter Lindley was licensed with Centaurus Financial, Inc. Maryellen Trotter Lindley was subsequently licensed with Sandlapper Securities, LLC. According to FINRA’s records, Maryellen Trotter Lindley was fired on May 2, 2013. Centaurus Financial, Inc. reported to FINRA that Maryellen Trotter Lindley was accused of appearing to have shared commissions with non-licensed persons in contravention of Firm policy and industry rules and regulations. Additionally, Maryellen Trotter Lindley was accused of conducting unapproved client seminars in violation of Firm policies and procedures.
Subsequent to Maryellen Trotter Lindley’s firing by Centaurus Financial, Inc. FINRA investigated Maryellen Trotter Lindley and brought a disciplinary action against Maryellen Trotter Lindley. Maryellen Trotter Lindley was suspended for 12 months from the securities and investment banking industry and fined $10,000 on June 20, 2014. FINRA reports that Maryellen Trotter Lindley consented to the sanctions and to the entry of findings that Maryellen Trotter Lindley shared commissions with unregistered individuals, which were generated from securities business that the individuals referred to her. The findings stated that Maryellen Trotter Lindley invested approximately $1,188,000 on behalf of customers in investments and she earned approximately $90,802 from these sales. According to FINRA, The customers were referred to Maryellen Trotter Lindley by the unregistered individuals, who were accountants that provided accounting services to Maryellen Trotter Lindley. According to FINRA, Maryellen Trotter Lindley paid 50 percent of the commissions earned on these investments to the accountants, individually and to their accounting firm. According to FINRA, the accountants and the accounting firm were not registered with FINRA at the time of the commission payments. The findings also stated that Maryellen Trotter Lindley failed to disclose this practice to Maryellen Trotter Lindley’s member firm in firm questionnaires that Maryellen Trotter Lindley completed. According to FINRA, Maryellen Trotter Lindley also denied the commission-splitting arrangement in response to FINRA’s requests for information.
If you lost any money on investments with Maryellen Trotter Lindley, you may be able to recover your losses from Centaurus Financial, Inc. and/or Sandlapper Securities, LLC. This is because Centaurus Financial, Inc. and Sandlapper Securities, LLC had a duty to supervise Maryellen Trotter Lindley.
If you lost money on investments with Maryellen Trotter Lindley 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 Centaurus Financial, Inc. and/or Sandlapper Securities, LLC concerning Maryellen Trotter Lindley’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 $300 million on behalf of victimized investors. If you lost money on investments with Maryellen Trotter Lindley 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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