Untimely Disclosed Tax Liens Earn Broker Fine and Suspension

Source: BrokeandBroker.com

For the purpose of proposing a settlement of rule violations alleged by the Financial Industry Regulatory Authority (“FINRA”), without admitting or denying the findings, prior to a regulatory hearing, and without an adjudication of any issue, Scott A. Brooks submitted a Letter of Acceptance, Waiver and Consent (“AWC”), which FINRA accepted. In the Matter of Scott A. Brooks, Respondent (AWC 2012033368401, January 29, 2014).  Brooks was first registered in 1996 with FINRA member firm Ameriprise Financial Services, Inc. The AWC asserts that he had no prior relevant disciplinary history. Out of Sight, Out Of Mind?The AWC asserts that starting around February 2010, Brooks was involved in settlement negotiations with the Internal Revenue Service (“IRS”) concerning his fa...
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