Cyrus Alphonse Was Sanctioned For Failing to Supervise

Cyrus AlphonsePublic records published by the Financial Industry Regulatory Authority (FINRA) on May 26, 2017 indicate that former Massachusetts-based Northland Securities broker Cyrus Alphonse has been sanctioned by FINRA and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Alphonse (CRD# 5087583).

Cyrus Alphonse has spent nine years in the securities industry and was most recently registered with Northland Securities in Boston, Massachusetts (2015). He was previously registered with Summer Street Research Partners in Boston, Massachusetts (2006-2015). He has passed four securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination); Series 55 (Limited Representative-Equity Trader Exam); Series 7 (General Securities Representative Examination); and Series 24 (General Securities Principal Examination). He is currently not registered with any state or firm.

According to his BrokerCheck report, Cyrus Alphonse has been sanctioned by FINRA.

In January 2017 FINRA sanctioned him following allegations he “failed to reasonably supervise the private securities transactions of a registered representative at his member firm.” FINRA’s findings stated further: “Alphonse did not supervise the representative’s participation with a private equity fund because he considered it an outside business activity and not private securities transactions. In addition, the transactions were not recorded on the firm’s books and records. The findings also stated that Alphonse reviewed and approved research reports written by the firm’s research analysts even though he was not licensed to do so.” He was issued a 2-month suspension from acting in a principal capacity and a fine of $10,000.

If you or someone you know has complaints regarding Cyrus Alphonse, 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.