Erez Law is currently investigating Taylor Capital Management Inc. financial advisor Erick J. Arnett (CRD# 5007131) regarding participating in outside business activities without providing written notice to his member firm. Arnett has been registered with Taylor Capital Management Inc. in Spring Hill, Florida from July 2013 to March 2016. Arnett is currently not registered with any brokerage firm.
In February 2017, Arnett was named a respondent in a FINRA complaint alleging that he engaged in an outside business activities through a marketing consulting firm, without disclosing such activities while employed at Dalton Strategic Investment Services Inc. in Spring Hill, Florida. According to the complaint, Arnett provided marketing consulting services to his business partner and fellow representative at Dalton Strategic Investment Services Inc. in exchange for compensation in the amount of $60,000. It is also alleged that Arnett “failed to timely amend his Form U4 to disclose a personal bankruptcy.”
Arnett has been the subject of one customer complaint, according to his CRD report:
August 2010. “Misrepresentation or misleading information. Unsuitable recommendations.” The client sought $13,862.66, but the case was closed without action.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Taylor Capital Management Inc. may be liable for investment or other losses suffered by Arnett’s customers.
Erez Law represents investors in the United States for claims against Taylor Capital Management Inc. financial advisor Erick J. Arnett, who is alleged to participate in outside business activities. If you were a client of Taylor Capital Management Inc. or another firm, and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
"*" indicates required fields