THURSTON SPRINGER FINANCIAL Censured and Fined $150K After FINRA Allegations – Goodman & Nekvasil, P.A., May Recover Investor Losses
THURSTON SPRINGER FINANCIAL Censured and Fined $150K After FINRA Allegations.
THURSTON SPRINGER FINANCIAL (CRD#: 8478/SEC#: 801-63564,8-25452), a registered broker dealer in INDIANAPOLIS, IN, is censured and fined $150,000.00 after FINRA allegations.
According to THURSTON SPRINGER FINANCIAL’s FINRA BrokerCheck Report, From June 2020 through August 2021, Thurston Springer failed to establish, maintain, and enforce written policies and procedures reasonably designed to achieve compliance with Rule 15l-1(a)(1) of the Securities Exchange Act of 1934 (Regulation Best Interest or Reg BI). Separately, Thurston Springer has failed, since June 2020, to establish and maintain a supervisory system reasonably designed to achieve compliance with its obligations to file and deliver customer relationship summaries (Form CRS). As a result, Thurston Springer violated Reg BI and FINRA Rules 3110 and 2010.
As a result of these violations, as well as other violations described below, Thurston Springer has agreed to a censure, a $150,000 fine, and an undertaking, according to the FINRA AWC.
THURSTON SPRINGER FINANCIAL Censured and Fined $150K After FINRA Allegations.
Goodman & Nekvasil, P.A. is investigating brokers who may have unsuitably recommended investments to their clients.
St. Petersburg, Florida law firm Goodman & Nekvasil, P.A., has a national practice representing victimized investors. The firm continues to investigate brokerage firms that placed elderly retirees and other conservative investors in unsuitable investments.
Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $400 million dollars on behalf of victimized investors.
We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.
There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.
If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.
Some of the information in this blog post was obtained from FINRA on 4/2/25. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.