10.0David P Neuman
(720) 599-3505

WARNING! Impending Investigation: MALCOLM J. BABIN and PFS INVESTMENTS, INC.

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31
Jul

WARNING! Impending Investigation: MALCOLM J. BABIN and PFS INVESTMENTS, INC.

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Malcolm J. Babin and PFS Investments, Inc.

Have you lost money with financial advisor Malcolm Babin of Baton Rouge, Louisiana?  We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Malcolm J. Babin. FINRA barred Babin from the securities industry after he failed to respond to a FINRA investigation.  FINRA was investigating Babin regarding allegations that he converted or stole money from his clients and that he engaged in unauthorized outside business activities.

Malcolm Babin was a financial advisor and registered representative of PFS Investments, Inc. from September 2009 to May 2015.  He worked at a branch office in Baton Rouge, Louisiana.

Brokerage firms like PFS Investments 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 Louisiana. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including LPL Financial, Merrill Lynch, Morgan Stanley, Smith Barney, Stifel Nicolaus & Company, UBS Financial Services, Oppenheimer, Charles Schwab, Wells Fargo Advisors, Ameriprise Financial Services, Raymond Malcolm, ProEquities, Securities America, National Securities Corp., and many others.

 

If you lost money with Malcolm Babin or PFS Investments, please Contact Us at 720-599-3505 for a free evaluation of your case.

 

Click to view:  Babin FINRA AWC

Click to view:  Babin BrokerCheck 7.31.15

 

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.
10.0David P Neuman

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