James DeFranco Marshall (CRD #5450870, Registered Representative, Longwood, Florida) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $5,000 and suspended from association with any FINRA member in any capacity for 30 days. See FINRA Case #2011030820501. The suspension was in effect from December 3, 2012, through January 1, 2013. Marshall was employed by and registered with Brookstone Securities, Inc., from February 2010 through December 2011.
Without admitting or denying the findings, Marshall consented to the described sanctions and to the entry of findings that he became involved with an entity engaged in non-securities, non-investment related business. Marshall was identified in public documents as one of the entity’s three managers/members. Marshall also created and maintained the company’s website.
Marshall received $4,835.47 in compensation for his outside business activity. The findings stated that Marshall failed to provide his member firm with prior written notice of this outside business activity.
If you were a client of Marshall or Brookstone Securities, Inc., and suffered investment losses, please contact Sonn Law Group to explore your legal options. Sonn Law Group is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies. To learn more, please call us at 844-689-5754 or complete our “contact form.”