FINRA fined and suspended former Euro Pacific Capital, Inc. broker Tony Albert Nessan of Los Angeles, California for incorrectly marking trades on electronic order tickets as unsolicited when Nessan had in fact solicited such trading activity. The AWC states Nessan's actions subsequently caused his firm's books and records to become inaccurate.
FINRA's investigation states that Nessan recommended customers sell their shares in a mutual fund between September and October 2012, misidentifying each of the 11 effected trades in 11 different accounts as "unsolicited," even though Nessan prompted the trades by suggesting them to clients.
The investigation also states that very shortly after the alleged misconduct, the El Segundo, CA-baed Euro Pacific Capital terminated Nessan's registration for failing "to adhere to the firm's policies."
Nessan's BrokerCheck report indicates that when he worked with Euro Pacific Capital, he engaged in a declared non-securities outside business entity known as Euro Pacific Precious Metals, LLC.
If you have invested with Tony Albert Nessan, Euro Pacific Capital, Inc. or with any broker, financial adviser or firm who mismarked trades as "unsolicited" when those trades were instead the result of a firm's associated person's suggestion, this misclassification if not the actual act of solicitation may have been in violation of firm or industry policy. If the resulting transaction or other actions based on this illicit conduct has proven harmful to your investments or interests, please call The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for investigation and consultation.