Abern’s FINRA BrokerCheck report contains an extensive history of regulatory investigations and customer disputes that have mostly been settled. Abern is no longer associated with any FINRA-member; however, he remains subject to FINRA’s jurisdiction and disciplinary power.
FINRA’s Department of Enforcement initiated an investigation into Abern’s alleged misconduct. Specifically, FINRA’s investigation concern Abern’s recommendation to purchase and/or sell variable annuities to customers. In connection with this investigation, FINRA sent Abern a request to provide information during an on-the-record interview pursuant to FINRA Rule 8210. According to FINRA, Abern acknowledged receipt of FINRA’s Rule 8210 requests; yet he failed to cooperate with FINRA’s investigation.
Based upon the foregoing alleged misconduct, FINRA asserted Abern violated FINRA Rules 2010 and 8210. Specifically, FINRA Rule 8210 authorizes FINRA, in the course of its investigations, to require persons associated with a FINRA member to “provide information orally, in writing, or electronically . . . with respect to any matter involved in the investigation...” Here, Abern failed to provide information in response to FINRA’s request, thereby violating FINRA Rule 8210.
Lufrano Law, LLC is a national securities litigation firm and has experience representing investors who have investment disputes with brokers and broker-dealers. If you suffered investment damages with Abern while he worked for Dalton Strategic Investment, you may be able to recover your losses through FINRA arbitration. Our firm only receives a fee if you recover money. Please contact one of our attorneys at (800) 627-2179 to schedule a free consultation.