Claimant alleges unsuitability of recommendations in risky and speculative investments and omission of facts; breach of fiduciary duty; negligent supervision and elder abuse.

$65,000.00

FINRA

Respondent Moores failed to respond to FINRA request for information.

Letter

Bar (Permanent)

All Capacities

Indefinite

6/10/2016

Pursuant to FINRA Rule 9552(h) and in accordance with FINRA's Notice of Suspension and Suspension from Association letters dated March 7, 2016 and March 31, 2016, respectively, on June 10, 2016, Moores is barred from association with any FINRA member in any capacity. Respondent failed to request termination of his suspension within three months of the date of the Notice of Suspension; therefore, he is automatically barred from association with any FINRA member in any capacity.

THE STATEMENT OF CLAIM CONCERNS CERTAIN EQUITY TRADES AND CONTAINS ALLEGATIONS OF CERTAIN TRADES BEING MISMARKED AS "UNSOLICITED". ALLEGATIONS ALSO INCLUDE UNSUITABLE TRANSACTIONS, BREACH OF FIDUCIARY DUTY, COMMON LAW FRAUD, BREACH OF CONTRACT, NEGLIGENT SUPERVISION, AND VIOLATION OF CALIFORNIA SECURITIES LAWS.

$12,500.00

CLAIMANT ALLEGES UNSUITABLE RECOMMENDATIONS FOR A RETIRED INDIVIDUAL THAT RESULTED IN SUBSTANTIAL LOSSES IN HER ACCOUNT AND THE SECURITY POSITIONS WERE CONCENTRATED IN HIGH RISK SPECULATIVE STOCKS. CLAIMANT ALSO ALLEGES THAT SUITABLE RECOMMENDATIONS WOULD HAVE RESULTED IN POSITIVE RETURNS INSTEAD OF LOSSES.

$374,585.00

$190,000.00

UNAUTHORIZED TRADES

$60,000.00

UNAUTHORIZED TRADES

$14,000.00

$10,000.00