Former HD Vest Investment Services Financial Advisor Erin Verespy Barred by FINRA for Misusing Customer Funds
Posted on Monday, June 10th, 2019 at 1:23 pm
Erez Law is currently investigating former HD Vest Investment Services financial advisor Erin Verespy (CRD# 2727866) regarding misuse and misappropriation of customer funds. Verespy was registered with HD Vest Investment Services in Trumbull, Connecticut from 1998 to 2019.
In April 2019, FINRA barred Verespy after she consented to the sanction and to the entry of findings that she refused to appear for on-the-record testimony requested by FINRA after her member firm amended her Form U4 to reflect that she had been named as a defendant in an investment-related, consumer-initiated civil litigation in which it was alleged that she misused and misappropriated the claimants’ funds in her capacity as bookkeeper and financial advisor.
Verespy has been the subject of one customer complaint, according to his CRD report:
January 2018. “Claimants alleged the representative misused and misappropriated claimants’ funds in her capacity as bookkeeper and financial advisor.” The customer sought $600,000 in damages and the case was settled for $1 million.
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, HD Vest Investment Services may be liable for investment or other losses suffered by Verespy’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If 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.