Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on August 22, 2017 indicate that former Florida-based NYLife Securities broker/adviser Gabriel Hynes was recently sanctioned by FINRA and suspended from acting as a broker. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Hynes (CRD# 3152541).
Gabriel Hynes has spent 18 years in the securities industry and was most recently registered with NYLife Securities in St. Augustine, Florida (2001-2017). He was previously registered with AG Edwards & Sons in St. Louis, Missouri. He is currently not registered with any state or firm.
According to his BrokerCheck report, he has received one FINRA sanction and one customer complaint, and resigned from his former employer.
In August 2017 FINRA sanctioned him following allegations he “purchased securities issued by privately-held companies costing a total of $90,000.” FINRA’s findings state further: “these transactions were outside the regular course and scope of his employment with his member firm. As a result, Hynes was required to provide written notice to the firm before participating in them, but he failed to provide the firm with any notice. The findings also stated that Hynes opened an account at another member firm and maintained the account throughout his association with his firm. Hynes deposited into the account the securities he had purchased through the private offerings conducted away from his firm. Hynes failed to notify the other member firm that he was associated with his firm and failed to notify his firm that he had opened an account at another member firm.” He was issued a 3-month suspension and a fine of $10,000.
In May 2017, he was “permitted to resign” from his position at NYLife Securities “after the company became aware he violated company policy by failing to disclose: (a) multiple outside business activities and private securities transactions; (b) a brokerage account with an outside broker-dealer; (c) a federal tax lien.”
In 2001 a customer alleged Gabriel Hynes, while employed at AG Edwards & Sons, executed unauthorized sells “in order to place him in funds that were risky.” The complaint settled for $9,000.
If you have lost money investing with Gabriel Hynes, you may be able to recover your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you collect funds. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.