Richard Botkin – Richard Simon Botkin, Financial Advisor Suspended from Securities Industry

Richard Botkin – Richard Simon Botkin, Financial Advisor Suspended from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses

Richard Botkin CRD #1571729

Richard Botkin is currently licensed with Stifel, Nicolaus & Company, Incorporated in Roseville, California. Richard Botkin was previously licensed with Morgan Stanley. 

According to FINRA: Richard Botkin was suspended for four months and fined $15,000. Richard Botkin consented to the sanctions and to the entry of findings that Richard Botkin participated in private securities transactions without first providing a written notice to his member firm. The findings stated that Richard Botkin sought and received his firm’s approval to participate in an outside business, a production company designed to create a documentary film. Richard Botkin started selling shares in the production company, including $170,000 worth of shares to four firm customers and another $75,000 worth of shares to two non-customers. Nevertheless, the firm prohibited its registered representatives from participating in private securities transactions without providing prior written notice of the transactions to the firm and obtaining the firm’s approval. Also, Richard Botkin provided false answers in response to the firm’s annual compliance attestations regarding his participation in private securities transactions.

According to Richard Botkin’s CRD, Richard Botkin was discharged from Morgan Stanley in June, 2015. According to Richard Botkin’s CRD, there were alleged concerns about Richard Botkin’s conduct in connection with an outside movie project, including not adhering to limitations imposed on Richard Botkin’s participation by the Firm, not fully disclosing Richard Botkin’s activity to the Firm, and raising funds from clients and others.

If you lost money on investments with Richard Botkin 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 against concerning Richard Botkin’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 Richard Botkin 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.  

Investment Fraud Attorney, Stockbroker Misconduct Disciplinary Actions, Unsuitable Investment Advice, Investment Fraud, Churning, Misrepresentation and Omission of Material Facts, Elder Fraud, Unauthorized Trading, Theft, Selling Away, Unapproved Outside Business, Nationwide, PIABA, SEC, Securities Exchange Commission, NASD, National Association of Securities Dealers, NASDAQ, Dow Jones, Wall Street, New York Stock Exchange

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