Alec Franks


October 20, 2020

Type of alert:


On September 25, 2020, former general securities representative Alec Franks consented to a bar imposed by the Financial Industry Regulatory Authority (FINRA) to resolve allegations that he violated securities industry rules.

Franks was most recently associated with First Standard Financial Company LLC in Red Bank, New Jersey from June 2014 to April 2019. He was also associated with National Securities Corporation in Staten Island from October 2010 to July 2012 and Legend Securities, Inc. in New York City from June 2010 to September 2010.

Without admitting or denying any wrongdoing, Franks consented to a bar from associating with any FINRA member firm. Franks violated FINRA Rules 8210 and 2010 by refusing to provide information and documents requested by FINRA staff during an investigation of potential outside business activities and excessive trading activity in customer accounts.

Take the next steps to find out if you have a claim:

Step 1.

Talk to an Experienced Attorney Today

Call and speak to one of our attorneys* for a no-cost consultation to discuss your situation, answer your questions, and help you determine the next steps. This call usually takes about 15 minutes, but we are happy to talk to you as long as you would like!

Step 2.

Quick Review of Your Paperwork

If we think you might have a case, we will need to review a few basic documents. If we determine you have a case, then you will have the option to hire us as your attorneys to pursue it.

Step 3.

Signed Attorney/Client Agreement

If you decide to hire us to pursue your case, we will have you sign an attorney-client agreement so we can begin the process of trying to recover your losses.*

*In the vast majority of cases, our agreement is contingent – meaning you won’t owe us any money unless we recover money for you.

Request a Consultation

This site contains attorney advertising. The attorneys at ChapmanAlbin are licensed to practice law in Ohio and Michigan. Any reference to past cases or successes made herein should not be construed as a guarantee of any future outcome. Each client and each client’s case is unique, and no result or outcome is or can ever be guaranteed. The information provided in this website is offered for general information purposes only; it is not offered as and does not constitute legal advice in any way. // Disclaimer