Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on January 19, 2018 indicate that former Texas-based Wedbush Securities broker/adviser Larry Boggs has been sanctioned by FINRA and barred from acting as a broker or otherwise associating with a broker-dealer firm. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Boggs (CRD# 1582741).
Larry Boggs has spent 29 years in the securities industry and was most recently registered with Wedbush Securities in Dallas, Texas (2015-2016). Previous registrations include Ameriprise Financial Services in Dallas, Texas (2009-2015); Ameriprise Advisor Services in Richardson, Texas (2009); Wells Fargo Advisors in Dallas, Texas (2002-2009); Prudential Securities in New York, New York (1991-2002); and Merrill Lynch in New York, New York (1986-1991). He has passed three securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on August 19, 1999; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on December 9, 1986; and Series 7 (General Securities Representative Examination), which he obtained on December 20, 1986. He is currently not registered with any state or firm.
According to his BrokerCheck report, Larry Boggs has been sanctioned by FINRA and was discharged from a former employer in connection to alleged rule violations.
In January 2018 FINRA sanctioned him following allegations he made unsuitable and excessive trades in client accounts. FINRA’s findings state that he participated in a trading strategy “predicated on short-term trading of primarily income-paying equity securities that were identified on a list of recommended securities by his member firm,” and that he would generally purchase or sell these securities based on whether they were added to this list or removed, and he often allegedly liquidated positions that had “increased or decreased by more than 10%.” Mr. Boggs alleged improperly exercised discretion in these accounts, according to FINRA, and caused his firm’s books and records to be inaccurate when he altered the suitability profiles of some of these customers such that they would conform to his strategy. He was consequently barred from acting as a broker or otherwise associating with a broker-dealer firm.
In 2015 he was terminated from his position at Ameriprise Financial Services following allegations he violated company policies regarding suitability and discretionary trading.
If you or someone you know has complaints regarding Larry Boggs, call the experienced attorneys at Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on contingency: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.