Sonn Law Group is investigating claims regarding Brian Scott Exford (CRD #4547460, Watertown, New York). Exford recently submitted a Letter of Acceptance, Waiver and Consent (“AWC”) in which he was barred from association with any FINRA member in any capacity. See FINRA Case #2014039843401. Exford was associated with State Farm VP Management Corp. from November 2012 until March 2015. Exford previously was associated with IBN Financial Services, Inc., from August 2009 to November 2012.
FINRA found that refused to appear for FINRA-requested on-the-record testimony involving an investigation into whether he had engaged in a private securities transaction while associated with IBN Financial Services. In entering into the AWC, Exford neither admitted nor denied FINRA’s findings.
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, State Farm VP Management Corp. or IBN Financial Services may be liable for investment or other losses suffered by Exford’s customers.
If you were a client of State Farm VP Management Corp., IBN Financial Services, or Exford, and have suffered investment losses or financial irregularities, 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.”