Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Nathaniel Adams (Adams), previously associated with Aag Capital, Inc, has at least one disclosable event. These events include one regulatory event, alleging that Adams recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a final customer complaint on June 18, 2024.
Without admitting or denying the findings, Adams consented to the sanctions and to the entry of findings that he improperly emailed an unencrypted spreadsheet containing the nonpublic personal information of approximately 2,300 customers to a family member’s email account and then, from that account, he emailed the spreadsheet to the email account of a contact at his prospective new firm. The findings stated that Adams sent these emails without his member firm’s or customers’ consent and in contravention of the firm’s procedures. After Adams resigned, the firm discovered the email and attached spreadsheet that contained customers’ nonpublic personal information such as the names, addresses, social security numbers and birthdates, and informed Adam’s new firm of its discovery. The nonpublic personal customer information was deleted following reviews of all devices and email accounts.