UPDATE: Darnell Deans Investigation
UPDATE! Darnell Deans (CRD# 2200059) of Blackbook Capital, LLC suspended from FINRA
Have you lost money with financial advisor Darnell Deans (CRD# 2200059) of Blackbook Capital, LLC of New York, New York? We are investigating allegations of various state regulatory agencies related to the conduct of Darnell Deans.
Israels & Neuman, PLC previously reported that Deans was named a respondent in a FINRA complaint alleging that he willfully failed to amend his form U4 to disclose three unsatisfied federal tax liens. The complaint alleged that Deans borrowed money from customers of his member firm without seeking or obtaining the firm’s approval for the loans. The complaint also alleged that Deans falsely represented to the firm in an annual attestation that he had not borrowed money from any firm customers and he failed to disclose to the firm the extent of funds borrowed from customers of it.
As a result of that FINRA action, Deans was suspended from associating with any FINRA firm for 8 months and fined $10,000.00.
Israels & Neuman’s initial report on Darnell Deans can be found here:
Additional reporting on Deans’ suspension can be found here:
Darnell Deans was most recently a financial advisor and registered representative of Blackbook Capital in New York, New York. He was also an advisor with John Carris Investments, LLC from January 2005 to November 2013, and with Garden State Securities from January 2002 to January 2005. He worked at branch offices in New York, New York.
Brokerage firms 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 Iowa. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including AXA Advisors, LPL Financial, Merrill Lynch, Morgan Stanley, Smith Barney, Stifel Nicolaus & Company, UBS Financial Services, Oppenheimer, Charles Schwab, Wells Fargo Advisors, Ameriprise Financial Services, Raymond James, ProEquities, Securities America, National Securities Corp., and many others.
If you lost money with Darnell Deans or Blackbook Capital, please Contact Us at 720-599-3505 for a free evaluation of your case.
Click to view: Deans FINRA AWC
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