Alan Mason

Date:

May 29, 2024

Type of alert:

The attorneys at ChapmanAlbin are investigating the recent disciplinary action by the Financial Industry Regulatory Authority (FINRA) against Alan Mason, a General Securities Representative. According to the Letter of Acceptance, Waiver, and Consent (AWC), Mason allegedly recommended unsuitable investments to a retail customer, advising her to allocate a significant portion of her liquid net worth into speculative, unrated debt securities. This recommendation was found to be not in the customer’s best interest.

As part of the settlement, Mason has agreed to a two-month suspension, a $5,000 fine, and the disgorgement of commissions earned from these transactions. If you have any concerns regarding similar issues, please contact ChapmanAlbin for a consultation.

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