Jeffrey Delone, formerly of FSC Securities Corp., Suspended Six Months from Securities Industry
We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Jeffrey W. Delone, from Malvern, Pennsylvania. FINRA suspended Delone from the securities industry for six months and fined him $10,000. FINRA was investigating Delone to determine whether engaged in private securities transactions that were not disclosed to his brokerage firm, FSC Securities Corp. Delone was alleged to have solicited six investors, including three clients of FSC Securities Corp., to invest a total of $310,000 in a learning center franchise of which Delone was part-owner.
Jeffrey Delone was a financial advisor and registered representative of FSC Securities Corp. from 2007 to February 2017. He worked at a branch office in Malvern, Pennsylvania. Delone has been sued by someone claiming to Delone failed to repay a loan. Delone also owned Delone Financial Group.
Brokerage firms like FSC Securities Corp. have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms 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 Denver, Colorado and the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Pennsylvania (including victims of the Doug Simanski fraud) and throughout the Philadelphia area. Our attorneys have represented over one thousand investors against many brokerage firms in the past.
Click to view: Delone, Jeffrey FINRA AWC
Click to view: Delone, Jeffrey BrokerCheck 8.11.17
If you lost money with Jeffrey Delone or FSC Securities Corp., please CONTACT US at 720-599-3505 for a free evaluation of your case.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.