Donald Pollard, formerly with CBC Securities, Suspended Two Months
Have you lost money with financial advisor Donald Robert Pollard from Needham, Massachusetts? We are investigating allegations made by FINRA (the Financial Industry Regulatory Authority) made against Donald Pollard. FINRA suspended Pollard for two months and fined him $10,000. FINRA alleged that he backdated documents and submitted themto FINRA as part of an examination.
Donald Robert Pollard was a registered representative with CBC Securities from January 2019 to November 2020. He worked out of a branch office in Needham, Massachusetts. Pollard has been the subject of one customer complaint, arising from conduct while he was registered with Capital Financial Services.
Broker-dealers like CBC Securities and Capital Financial Services have a responsibility to adequately supervise all representatives who are registered through their firm, including investments sold by their registered representatives. Broker-dealers also must take steps to ensure that their financial advisors follow all securities rules and regulations, such as to refrain from excessively trading a customer’s account or switching mutual funds. When broker-dealers fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Ann Arbor, Michigan; Denver, Colorado; Phoenix, Arizona; and Seattle, Washington. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Massachusetts. Our attorneys have recovered millions of dollars for investors against many brokerage firms in the past.