Brian Royster— Failure to Comply with an Arbitration Award

Brian Lamont Royster Allegedly Failed to Comply with an Arbitration Award or Settlement Agreement or to Satisfactorily Respond to a FINRA Request to Provide Information

Brian Royster allegedly failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance, according to a Final Regulatory Action under review by attorney Alan Rosca.

Said Regulatory Action was filed on December 11, 2018, FINRA states, and declares that Brian Royster will be indefinitely suspended until required payment is made or discharged.

Brian Royster’s arbitration ruling, FINRA reports, made the following demands:

Pay to Claimant $87,350.00 in compensatory damages
Liability for $2,758.00 in attorneys’ fees pursuant to the Registered Representative Agreement
Liability for and reimbursement for $1,000.00 for filling fees
Liability for and reimbursement for $300.00 for the paper decision fee

Alan Rosca, of the Rosca Scarlato LLC law firm, is investigating activity related to Brian Royster’s alleged failure to comply with an arbitration award. Investors who believe they may have lost money in activity related to Brian Royster’s alleged failure to comply with an arbitration award are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.

Brian Royster Barred by FINRA in 2017; Royster Allegedly Violates Firm Policy by Borrowing form a Client

Brian Royster allegedly borrowed money from clients, and was thus terminated by his member firm, and subsequently barred by FINRA in all capacities starting on November 21, 2017, FINRA states.

Brian Royster also allegedly made unsuitable recommendations to invest in Capita City Financial, FINRA notes. The aforementioned pending dispute was filed on November 28, 2018, FINRA states, and is requesting $295,936.76 in damages.

Brian Royster has seven disclosures on his record, and has nine years of experience with five firms in the securities industry, FINRA notes. Royster was last registered with HD Vest Investment Services in Ann Arbor, Michigan from January 3, 2014 through January 12, 2017, FINRA states.

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 Rosca Scarlato LLC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Brian Royster’s alleged failure to comply with an arbitration award. 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 Brian Royster’s alleged failure to comply with an arbitration award may contact attorney 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.

DISCLAIMER

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 matters about which we report, and/or to publish subsequent updates regarding various developments that may occur in such matters. Readers are encouraged to conduct their own research regarding any such matters and any developments that may or may not have occurred in such matters. Also, the Brokercheck report linked to some of our blogs is the up-to-date version as of the date of accessing by the reader. The information in our blogs is current as of the date of the drafting of the blog, and given that sometimes certain past complaints may no longer be listed in newer Brokercheck reports, some of the events referenced in some of our blogs may later on be removed from newer Brokercheck reports. Visitors may check the most recent version of each brokercheck report at www.finra.org, and may contact FINRA for the earlier version of the Brokercheck report upon which various blogs may be based.

If you believe you lost money as a result of investment-related fraud or misconduct, please contact our law firm for a free, no-obligation evaluation of your recovery options.

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