Finra bars former Commonwealth rep for non-cooperation
Benjamin Bourgeois Jr. failed to give regulator information for its investigation.
The Financial Industry Regulatory Authority Inc. has barred Benjamin Bourgeois Jr., a former registered representative with Commonwealth Financial Network, for failing to provide it with information in connection with an investigation into his conduct.
(More: Finra finds Commonwealth Financial overcharged these investors)
On April 1, Commonwealth terminated Mr. Bourgeois for borrowing money from a customer, which is a violation of Finra rules. On April 5, Commonwealth filed an amended form U5 that disclosed a civil litigation in which a customer alleged that Mr. Bourgeois defrauded her and took her money.
Mr. Bourgeois began his securities career in 1991 and worked at eight firms before affiliating with Commonwealth in 2015.
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