Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on December 21, 2016 indicate that former Florida-based PNC Investments broker Eric Swenson has been suspended by FINRA. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Swenson (CRD# 3263767).
Eric Swenson has spent twelve years in the securities industry and was most recently registered with PNC Investments in Fort Pierce, Florida (2014-2016). He was previously registered with Scottrade in Stuart, Florida (2003-2014). He is currently not registered with any state or firm.
According to his BrokerCheck report, Eric Swenson has been sanctioned by FINRA.
In October 2016 FINRA sanctioned Eric Swenson following allegations he “he did not disclose to his member firm the full extent of his involvement with an outside business activity.” According to FINRA’s findings: “Swenson provided to the firm written notice that he wished to participate in the activity as an investor, and he further informed the firm that he would have no responsibilities at the outside business, and he would spend no time on the business. Based on these representations, the firm approved this activity and instructed Swenson that if his participation in this activity changed or ceased, he was required to notify the firm immediately in writing. Swenson went beyond the described scope of his involvement by contacting potential distributors, exporters, and equipment vendors and lessors on behalf of the business. He also was involved in unsuccessful attempts to solicit potential investors (including the firm’s customers) to purchase the securities of the business, and he obtained a short-term loan to the business from a family member.” He was issued a nine-month suspension and a fine of $10,000.
In September 2016 Eric Swenson was “permitted to resign” from his position at PNC Investments “during an employee relations investigation into whether he had accurately notified the firm of the full scope of his outside business activities.”
In 2013 Eric Swenson was discharged from his position at Scottrade following allegations he failed to report accurate information regarding outside business activities.
If you or someone you know has complaints regarding Eric Swenson, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to participate in the class action lawsuit and collect a recovery. 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.