Finra bars former Commonwealth rep for non-cooperation

Regulator wanted information from Benjamin Bourgeois Jr. on loans

May 28, 2019 @ 4:36 pm

By InvestmentNews

The Financial Industry Regulatory Authority Inc. has barred Benjamin Bourgeois Jr., a former registered representative with Commonwealth Financial Network, for failing to provide it with information in connection with an investigation into his conduct.

(More:Finra finds Commonwealth Financial overcharged these investors)

On April 1, Commonwealth terminated Mr. Bourgeois for borrowing money from a customer, which is a violation of Finra rules. On April 5, Commonwealth filed an amended form U5 that disclosed a civil litigation in which a customer alleged that Mr. Bourgeois defrauded her and took her money.

Mr. Bourgeois began his securities career in 1991 and worked at eight firms before affiliating with Commonwealth in 2015.


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