Brian Royster, a Former H.D. Vest Broker, Allegedly Accepted Loans from Clients in Violation of His Firm’s Policy Against Borrowing Money from Clients

Brian Royster, a former broker at H.D. Vest broker, allegedly accepted loans from clients, according to a Letter of Acceptance, Waiver, and Consent (AWC) presently being reviewed by attorney Alan Rosca.

Attorney Rosca, of the RoscaLaw LLC firm, is investigating activity related to Bryan Royster allegedly borrowing money from clients. Investors who believe they may have lost money in activity related to Bryan Royster allegedly borrowing money from clients are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.

Royster began his securities career at NYLife Securities in 2004, and carried on at State Farm in 2008 and Edward Jones in 2010, LPL Financial in 2013, and then finally started at H.D. Vest in 2014, according to FINRA. Royster was then allegedly fired by H.D. Vest on January 12, 2017, for purported conduct which violated the firm’s policy by allegedly accepting loans from clients, according to the aforementioned AWC. Acceptance of said loans also sparked the FINRA investigation, the AWC notes.

Brian Royster Barred from Allegedly Associating with any FINRA Member in any Capacity after Allegedly Refusing to Comply with a FINRA request for Documents and Information

Brian Royster, on August 14, 2017, pursuant to FlNRA Rules, reportedly received a written request from FINRA staff allegedly seeking certain documents and information, according to the aforementioned AWC presently under review by attorney Alan Rosca. This request stated that Royster was required to provide the documents by no later than August 28, 2017, the AWC notes.

Royster, however, in September of 2017, allegedly made refusals to comply with the FINRA request for documents and information issued pursuant to FINRA Rules, the AWC states. Royster then, on September 13. 2017, allegedly indicated to FINRA staff that he would not comply with the August 14, 2017 request and also purportedly made statements that he would not supply the requested information at any time, the AWC reports.

Brian Royster, based on the aforementioned be allegedly refusing to provide documents and information pursuant to FINRA Rules, allegedly violated FINRA Rules, the AWC notes. Hence, Royster has been barred from associating with any FINRA member in any capacity, the AWC states.

Finally it should also be noted that, according to the AWC,  Brian Royster neither admitted nor denied the FINRA findings.

Securities Lawyer Investigating

The RoscaLaw firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Bryan Royster allegedly borrowing money from clients. 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, has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions, and has helped recover tens of millions of dollars on behalf of investors.

Investors who believe they lost money as a result of Bryan Royster allegedly borrowing money from clients may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998- 0530, via email at arosca@roscalaw.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.