Based upon the foregoing allegations, FINRA alleged Flippen violated NASD Conduct Rule 3110(a) (for conduct before December 5, 2011), FINRA Rule 4511(a) (for conduct on or after December 5, 2011) and FINRA Rule 2010. Specifically, NASD Rule 3110(a) and FINRA Rule 4511 require each member to make and preserve books and records in conformity with Rules 17a-3 and 17a-4 of the Securities Exchange Act of 1934 ("Exchange Act"). Rule 17a-4(b)(4) requires, among other things, that a firm preserve records relating to communications concerning the firm's business, and those records must be accurate.
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 losses and damages investing with Flippen through HD Vest, you may be able to recover your losses through FINRA arbitration. Our firm only receives a fee if you recover money. Please complete the contact form or contact one of our attorneys at (800) 627-2179 to schedule a free consultation.