Richard Hunt Crockett (Richard Crockett) – Financial Advisor/Broker Richard Crockett Previously Suspended from Securities Industry | Goodman & Nekvasil, P.A. May Recover Investor Losses
Richard Hunt Crockett (Richard Crockett) CRD #1209667
Richard Crockett was a previously registered financial advisor with Osprey Partners LLC and R.F Lafferty & Co. Richard Crockett is currently licensed with COVA Capital Partners. According to FINRA, Richard Crockett was fined $5,000 and suspended from the securities industry for two months in May 2018.
According to FINRA Allegations:
Richard Crockett consented to the sanctions and to the entry of findings that Richard Crocket failed to reasonably supervise the private securities transactions of his member firm’s registered representatives. The findings stated that Richard Crockett was responsible for reviewing and approving the outside business activities and private securities transactions of his firm’s registered representatives. Richard Crockett approved certain of the firm’s brokers’ outside business activities with an investment holding company. The findings also stated that certain of the firm’s brokers, through the investment holding company, offered and sold more than $8 million in promissory notes in the investment holding company and, in a fund, marketed by that company involving real-estate investments in Belize. The brokers that sold investments in the investment holding company and, in the fund, marketed by that company were compensated directly by the investment holding company. The findings also included that Richard Crockett approved the brokers’ private securities transactions in the investment holding company and, in the fund, marketed by that company, but failed to reasonably supervise those transactions. Richard Crockett did not perform due diligence on the investment holding company and in the marketed fund’s offerings. Instead, Richard Crockett relied on a registered representative at his firm, to perform due diligence on the offerings. The registered representative, however, was a principal of the investment holding company and was therefore not in a position to independently review the merits of the investment holding company and, in the fund, marketed by that company.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Richard Crockett 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 Richard Crockett’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 Crockett 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 2/11/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.
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