Franks refused to produce information or documents FINRA requested in connection with its investigation into his alleged misconduct.
The Sonn Law Group is investigating allegations that Alec Franks engaged in outside business activities and excessive trading. If you or a family member has suffered losses investing, we want to discuss your case. Please contact us today for a free review of your case.
Alec Franks (CRD#: 5797052) was registered as a broker with First Standard Financial Company from 2014 until 2019. Previously, Franks was registered as a broker with National Securities Corporation from 2010 until 2012. Franks was barred by FINRA beginning on September 25th.
Franks has one disclosure on his BrokerCheck report.
September 2020 Regulatory Judgment
- Status: Final
- Initiated By: FINRA
- Allegations: Without admitting or denying the findings, Franks consented to the sanction and to the entry of findings that he refused to produce information or documents requested by FINRA in connection with its investigation into allegations that he had engaged in outside business activities and excessive trading activity in customer accounts.
- Resolution: Acceptance, Waiver & Consent (AWC)
- Sanctions: Bar
- Registration Capacities Affected: All
- Duration: Indefinite
- Start Date: 9/25/2020
Contact Us Today
The Sonn Law Group is currently investigating allegations that Alec Franks engaged in outside business activities and excessive trading. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.