The Financial Industry Regulatory Authority Inc. has barred former Securities America rep Bobby Wayne Coburn for failing to appear at a hearing looking into his sales practices.
In March, Securities America terminated Mr. Coburn because he was "involved in the solicitation of multiple clients to invest in an unapproved private securities transaction and engaged in the settlement of a related customer complaint without the firm's knowledge or consent," according to Mr. Coburn's BrokerCheck records.
He is no longer associated with a Finra member firm.
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Mr. Coburn began his securities career in 1988 at Ameritas and worked at six firms before affiliating with Securities America in 2009.