Benjamin Frank Bourgeois Allegedly Converted Customer Funds Made by Personal Check Purportedly for Investment Purposes

Benjamin Bourgeois allegedly converted customer funds made by personal check purportedly for investment purposes, according to a Pending Customer Dispute filed on Bourgeois’ FINRA BrokerCheck Report under review by investor rights attorney Alan Rosca.

The aforementioned dispute was filed on April 4, 2019, FINRA states.

Said Dispute further alleges that Bourgeois purportedly employed devices, schemes or artifices to defraud, and allegedly made untrue statements of material facts, and engaged in fraud, FINRA notes.

The aforementioned alleged activities are alleged to have begun sometime in or around 2016, and the Damage Amount Requested in the case is $519,500.00, FINRA states.

Investor rights attorney Alan Rosca, of the Goldman Scarlato & Penny PC law firm, is investigating activity related to Benjamin Bourgeois’ alleged conversation of customer funds. Investors who believe they may have lost money in activity related to Benjamin Bourgeois’ alleged conversation of customer funds are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.

Benjamin Bourgeois Discharged by Commonwealth Financial for Allegedly Borrowing  Cashh from a Client in Alleged Violation of FINRA Rules & Firm Policy

Benjamin Bourgeois was allegedly terminated by Commonwealth Financia Network for allegedly borrowing money from a customer in violation of FINRA Rule  and Firm policy, according to a Employment Separation After Allegations disclosure filed on his FINRA BrokerCheck Report under review by Alan Rosca.

Said Disclosure was filed on April 1, 2019, FINRA notes.

Benjamin Bourgeois has 4 disclosures on his FINRA BrokerCheck Report, and has 27 years in the securities industry with 9 firms, including the following:

  • Commonwealth Financial Network, Metairie, LA— May 29, 2015 to April 1, 2019
  • LPL Financial LLC, Metairie, LA— March 7, 2014 to June 5, 2015
  • Sterne, Agee & Leach, Inc., New Orleans, LA— May 14, 2009 to March 11, 2014
  • FB Investments, Inc, Harvey, LA— April 6, 2001 to May 21, 2009

Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints mentioned in this article, unless otherwise indicated.

Securities Lawyer Investigating

The Goldman Scarlato & Penny PC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating  Benjamin Bourgeois’ alleged conversation of customer funds. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, and has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.

Investors who believe they lost money as a result of  Benjamin Bourgeois’ alleged conversation of customer funds may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at rosca@lawgsp.com, or through the contact form on this webpage.

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In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent updates regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases. Also, the brokercheck report linked to some of our blogs is the up-to-date version as of the date of posting. Visitors may check the most recent version of each brokercheck report at www.finra.org.