Articles Tagged with Tipton Iowa Stockbroker Misconduct Lawyer

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David Gott, a representative formerly employed with Ausdal Financial Partners, Inc. (Ausdal Financial), submitted a Letter of Acceptance, Waiver, and Consent in which he consented to, but did not admit to or deny, the Financial Industry Regulatory Authority’s (FINRA) findings that he engaged in outside business activities without his firm’s approval.

FINRA’s findings state that while employed by Ausdal Financial, David Glenn Gott, of Tipton, Iowa, sold at least $546,000 in private equity and debt investments to four individuals.  Ausdal’s policies and procedures regarding private securities transactions prohibited registered representatives from engaging in such transactions.  FINRA found that Mr. Gott neglected to provide the necessary written notice to his member firm prior to the private sales.  According to FINRA, although Mr. Gott did not personally receive compensation for the sales, his company benefited from them.  Mr. Gott was assessed a deferred fine of $5,000 and suspended from association with any FINRA member in any capacity for six months. The suspension was in effect from July 17, 2017 through January 16, 2018. Continue reading →