SECURITES FRAUD

Pled guilty

Fackrell was a subject of the customer's complaint against his member firm that asserted the following causes of action: negligence, failure to supervise, negligent misrepresentation, fraudulent misrepresentation and concealment, breach of fiduciary duty, violation of North Carolina Securities Act, breach of contract, principal/agent liability, and negligent retention of an agent. The causes of action relate to various securities.

$1,796,524.32

Charles Fackrell was a subject of the customers' complaint against his member firm that asserted the following causes of action: breach of contract, negligence, failure to supervise, misrepresentation, fraud and breach of fiduciary duty, violation of the North Carolina Securities Act, principal/agent liability, and negligent retention of an agent.

Charles Fackrell was a subject of the customers' complaint against his member firm that asserted the following causes of action: negligence, failure to supervise, negligent misrepresentation, breach of fiduciary duty, violation of the North Carolina Securities Act, breach of contract, principal/agent liability, and negligent retention of an agent.

$1,371,011.29

violation of securities regulatory requirements; breach of fiduciary duties; violation of the Washington State Securities Act and the Utah Uniform Securities Act; negligence; negligent supervision; violation of the Washington Consumer Protection Act

$67,966.46

FINRA

WITHOUT ADMITTING OR DENYING THE FINDINGS, FACKRELL CONSENTED TO THE SANCTION AND TO THE ENTRY OF FINDINGS THAT HE FAILED TO PROVIDE DOCUMENTS AND INFORMATION AS REQUESTED BY FINRA. THE FINDINGS STATED THAT DURING THE COURSE OF AN INVESTIGATION INTO ALLEGATIONS THAT FACKRELL CONVERTED CUSTOMER'S FUNDS AND SOLD PRIVATE SECURITIES OFFERINGS AWAY FROM HIS MEMBER FIRM FIRM WITHOUT THE FIRM'S KNOWLEDGE OR APPROVAL, FINRA REQUESTED THAT FACKRELL PROVIDE DOCUMENTS AND INFORMATION. AS STATED IN FACKRELL'S PHONE CALL WITH FINRA, AND BY THE AWC AGREEMENT, HE ACKNOWLEDGES RECEIPT OF FINRA'S REQUEST AND INFORMED FINRA THAT HE WOULD NOT COOPERATE WITH FINRA'S INVESTIGATION.

Acceptance, Waiver & Consent(AWC)

Bar (Permanent)

All Capacities

2/26/2015