Securities Arbitration Lawyer Blog
The Financial Industry Regulatory Authority (“FINRA”) has barred stockbroker Paul John Halvorson from the securities industry. FINRA expelled Mr. Halvorson from the brokerage industry because he refused to provide information and documents connected with FINRA’s investigation into the circumstances given rise to his termination from Morgan Stanley in November 2020.
Mr. Halvorson was a financial advisor at Morgan Stanley in Charleston, South Carolina, from June 2009 until his employment was terminated in November 2020. In connection with the discharge, Morgan Stanley alleged that Mr. Halvorson submitted transactions under production numbers that were inconsistent with an agreement that he had with another broker, resulting in a shortfall of revenue credited to the other broker.
If you have suffered financial losses investing with Paul Halvorson or suspect that Mr. Halvorson did not have your best interest in mind when recommending investments or account transactions, contact New York securities arbitration law firm Iorio Altamirano LLP for a free and confidential review of your account.
Iorio Altamirano LLP represents investors that have disputes with their financial advisors or brokerage firms, such as Morgan Stanley.
FINRA Letter of Acceptance, Waiver, and Consent No. 2020068795001
Paul Halvorson and FINRA entered into a Letter of Acceptance, Waiver, and Consent (“AWC”) on February 16, 2021, after Mr. Halvorson refused to provide information and documents in connection with FINRA’s investigation into the circumstances given rise to his termination from Morgan Stanley in November 2020.
On January 6, 2021, in connection with FINRA’s investigation, FINRA sent a request to Mr. Halvorson to produce information and documents pursuant to FINRA Rule 8210. Mr. Halvorson reportedly stated in an email dated February 4, 2021, that he would not provide the requested information or documents at any time.
By refusing to provide the information or documents, Mr. Halvorson violated FINRA Rules 8210 and 2010.
Accordingly, FINRA barred him from associating with any broker-dealer in any capacity.
How to Recover Financial Losses or Obtain a Free Consultation
If you or a loved one were a customer of Mr. Halvorson and either sustained financial losses or suspect inappropriate activity in your investment or retirement accounts, contact New York securities arbitration attorney August Iorio of Iorio Altamirano LLP. August Iorio can be reached at august@ia-law.com or toll-free at (855) 430-4010 for a free and confidential evaluation of your account.
Iorio Altamirano LLP is a securities arbitration law firm based in New York, NY. Iorio Altamirano LLP pursues FINRA arbitration claims nationwide on behalf of investors to recover financial losses arising out of wrongful conduct by stockbrokers and brokerage firms.