Finra bars former Securities America rep in private-securities sale query

Bobby Wayne Coburn declined to appear at hearing looking into allegations

Aug 27, 2019 @ 12:15 pm

By InvestmentNews

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.

[More: Finra bars no-show former Cetera rep]

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.


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