When communicating online or investing with any professional, make sure you know who you’re dealing with. Imposters might link to sites like BrokerCheck from phishing or similar scam websites, or through social media , trying to steal your personal information or your money. Please contact FINRA with any concerns.
FINRA has barred this individual from acting as a broker or otherwise associating with a broker-dealer firm.
FINRA has suspended this individual from acting as a broker. Please see the detailed report for more information
The representative was previously registered both as an investment adviser and as a broker. Visit BrokerCheck for more information on this individual's Broker record. Go to BrokerCheck Site
Respondent Parker failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.
Resolution
letter
Sanctions
Suspension
Registration Capacities Affected
All capacities
Duration
Indefinite
Duration Explanation
Continues until required payment is made or discharged.
Start Date
3/27/2018
Regulator Statement
Pursuant to Article VI, Section 3 of FINRA By-Laws, and FINRA Rule 9554, Respondent Parker is suspended on March 27, 2018, for failure to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.
12/18/2014
Regulatory
Final
Initiated By
FINRA
Allegations
RESPONDENT PARKER FAILED TO RESPOND TO FINRA REQUEST FOR INFORMATION.
Resolution
LETTER
Bar
Bar (Permanent)
Registration Capacities Affected
All Capacities
Duration
Indefinite
Start Date
3/23/2015
Regulator Statement
PURSUANT TO FINRA RULE 9552(H) AND IN ACCORDANCE WITH FINRA'S NOTICE OF SUSPENSION AND SUSPENSION FROM ASSOCIATION LETTERS DATED DECEMBER 18, 2014 AND JANUARY 12, 2015, RESPECTIVELY, ON MARCH 23, 2015, PARKER 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.
7/14/2014
Customer Dispute
Award / Judgment
Allegations
Parker was named in a customer complaint that asserted the following causes of action: fraud, breach of fiduciary duty, unsuitability, breach of contract, negligence, negligent supervision, breach of Georgia's Blue Sky Laws, breach of Georgia's Fair Practices Act, and violation of Georgia's Racketeer Influenced and Corrupt Organizations (RICO) Act.
Damage Amount Requested
$2,145,000.00
Regulator Statement
The claims against Parker were bifurcated from FINRA Arbitration Case No. 14-02211 and proceeded in FINRA Arbitration Case No. 15-02953.
License(s)
The broker is not currently registered with any state or SRO.
A brokerage firm, also called a broker-dealer, is in the business of buying and selling securities – stocks, bonds, mutual funds, and certain other investment products – on behalf of its customer (as broker), for its own bank (dealer), or both. Individuals who work for broker-dealers - the sales personnel are commonly referred to as brokers.
IA
Investment Adviser
An investment adviser is paid for providing advice about securities to clients. In addition, some investment advisers manage investment portfolios and offer financial planning services.
Disclosures
Disclosures can be customer complaints or arbitrations, regulatory actions, employment terminations, bankruptcy filings and certain civil or criminal proceedings that they were a part of.
Disclosures can be customer complaints or arbitrations, regulatory actions, employment terminations, bankruptcy filings and certain civil or criminal proceedings that they were a part of.