INVESTORS: Former Monmouth Capital Management broker Caz Craffy was barred by FINRA following allegations he refused to appear for testimony during the course of a FINRA investigation.
Caz Craffy (CRD: 5222223) was registered as a broker with Monmouth Capital Management from 2021 until 2022. Previously, Craffy was registered as a broker with Newbridge Securities Corporation from 2017 until 2021.
Craffy has three disclosures on his BrokerCheck report.
December 2022 Regulatory Judgment
Initiated By: FINRA
Allegations: Without admitting or denying the findings, Craffy consented to the sanction and to the entry of findings that he refused to produce information and documents and refused to appear for on-the-record testimony requested by FINRA during the course of an investigation that originated from a customer complaint made to it. The findings stated that FINRA sought to investigate, among other issues, Craffy’s potential conversion of customer money, loans or gifts from customers, active trading in customer accounts, and failure to fully disclose certain OBAs.
Resolution: Acceptance, Waiver & Consent (AWC)
Sanctions: Bar (Permanent)
Registration Capacities Affected: All Capacities
Start Date: 12/8/2022
The Sonn Law Group is currently investigating allegations surrounding Caz Craffy. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.