Broker Investigation: George McCaffrey

George McCaffrey (CRD#: 847377) is a previously registered FINRA broker. From 1989 to 2017, Mr. McCaffrey was a representative of NTB Financial Corporation (CRD#:7425). During this time, he was based in a branch office in Englewood, Colorado.

On September 10th, 2018, Mr. McCaffrey was suspended by FINRA for eighteen months following findings that he participated in undisclosed private placements. Mr. McCaffrey has also been fined $15,000 and ordered to pay disgorgement of $124,500.

Suspended Broker: George McCaffrey

Under FINRA Rule 3280, registered brokers may not engage in private securities transactions for compensation without first providing prior written notice to their brokerage firm and receiving the appropriate approval from the firm.

Mr. McCaffrey failed to comply with this regulation. From 2016 to 2017, he helped to facilitate significant private investments without obtaining the required approval. More specifically, he helped investors purchase $1.77 million in promissory notes in a greenhouse building/leasing company. In return, Mr. McCaffrey received $124,500 in commission payments. This compensation was concealed, as it was sent to a company owned and controlled by his wife.

Without admitting or denying wrongdoing, former NTB Financial Corporation broker George McCaffrey accepted the findings and the penalties, including an eighteen month suspension and $139,500 in financial sanctions.

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