Previously registered broker Brian Radoo has been barred by the Financial Industry Regulatory Authority (FINRA) for allegedly refusing to provide documents and information requested by FINRA following an investigation into whether Radoo engaged in an undisclosed outside business activity, according to an investigation by investor rights attorney, Alan Rosca.
On November 17, 2020, FINRA sent a request to Radoo to produce information and documents in connection to their investigation into Radoo’s alleged engagement in an outside business activity, according to FINRA’s Letter of Acceptance, Waiver and Consent (AWC).
On December 4, 2020, Radoo allegedly sent an email to FINRA acknowledging that he received FINRA’s request and will not produce the requested information or documents at any time, the AWC reports.
Radoo’s failure to provide FINRA’s requested information and documents are in violation of FINRA Rules. As a result, he has been barred from associating with any FINRA member firm in any capacity.
The Rosca Scarlato LLC law firm attorneys are investigating conduct related to Brian Radoo’s alleged refusal to provide requested documents and information during FINRA’s investigation in connection to Radoo’s alleged engagement in an outside business activity. Investors who are concerned about their investment with Radoo may contact attorney Alan Rosca for a free consultation and discussion of recovery options, or to provide any useful information. Call 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.
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Brian Radoo Allegedly Engaged in Multiple Outside Business Activities
According to Radoo’s FINRA Brokercheck report, Radoo was engaged in multiple disclosed other business activities. Radoo reportedly engaged in energy consulting, by providing energy consulting services to businesses and helped businesses find energy contracts to suit their specific needs.
Radoo also reportedly engaged in fixed insurance products by selling fixed life insurance and fixed annuities to retail clients.
In addition, Radoo disclosed he is engaged in legal cannabis cultivation, working as their partner on a cannabis farm located in California.
He also allegedly engaged in real estate rental properties. Radoo reportedly bought and sold property in the past and continued to do so from time to time, according to his FINRA Brokercheck page.
Investor rights attorney Alan Rosca is currently investigating Radoo’s alleged engagement in undisclosed outside business activities. Investors who are concerned about their investment with Brian Radoo are encouraged to contact Alan Rosca for a free case evaluation and discussion of recovery options, or to provide any useful information. Call 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.
There are Multiple Customer Dispute Disclosures In Connection to Brian Radoo
The most recent customer dispute disclosure on Radoo’s FINRA Brokercheck page was filed in March 2020. The customer alleges Brian Radoo offered them an investment in an unapproved outside business activity that involved a cannabis cultivation company. The customer alleged the firm, identified as NEXT Financial Group, failed to supervise Radoo’s outside business activity. The customer is seeking unspecified compensatory damages, punitive damages, and prejudgment interest and attorneys’ fees for the alleged misconduct.
A customer dispute filed in April 2008 alleges unsuitability of Unit Investment Trusts purchases recommended by Radoo. In august 2009, the customer received a settlement to the tune of $15,981.36.
A customer dispute filed in October 2005 alleging they were looking for a particular interest rate, close to 3% for a short-term liquid investment but they were not sold a product suitable to their objectives. The customer received a settlement in October 2005 to the tune of $6,589.
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Brian Radoo Was Registered with FINRA for 25 Years
As reported on Radoo’s FINRA Brokercheck page, he joined the securities industry in 1994 and switched employers seven times:
- Chemical Investment Services
- December 1994 to September 1996
- Chase Investment Services located in Chicago, Illinois
- September 1996 to April 2003
- April 2006 to February 2008 (Ridgewood, New, York)
- HSBC Brokerage located in New York, New York
- April 2003 to December 2003
- May 2004 to January 2005
- Citicorp Investment located in Long Island City, New York
- December 2003 to May 2004
- HSBC Securities located in New York, New York
- January 2005 to April 2006
- Next Financial Group located in North Woodmere, New York
- May 2008 until December 2019
- Union Capital Company located in Tuscon, Arizona
- March 2020 until May 2020
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 or allegations mentioned in this article, unless otherwise indicated. Any reader should also read the original sources hyperlinked in this blog for accuracy, including any BrokerCheck report and/or record of any disciplinary or regulatory action. Those sources are incorporated by reference into the text of this blog, and are the governing materials in case of any inconsistencies or typos in this blog.
Potential Options for Brian Radoo Investors
The Rosca Scarlato LLC law firm represents investors who lose money as a result of investment-related fraud or broker misconduct and is currently investigating Brian Radoo’s alleged engagement in outside business activities. 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 are concerned about their investment with Brian Radoo are encouraged to contact Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.
