Paul Soll (CRD#: 430284) is a former FINRA broker. From 2017 to 2018, Mr. Soll was employed at Western International Securities in Los Angeles, California. This broker has also been associated with Financial West Group (2012-2017) and SRM Securities (1986-2012).
On July 12th, 2018, Mr. Soll was barred from the securities industry for refusing to cooperate with a regulatory investigation into allegations of elder financial fraud. For full details in this case, please refer to FINRA case NO. 2017054755202.
FINRA Sanctions: Paul Soll
In June of 2018, FINRA launched an inquiry into possible trading abuses committed by former Western International Securities broker Paul Soll. Specifically, FINRA enforcement officials were investigating allegations that Mr. Soll excessively traded (churned) the brokerage account of an elderly investor.
Soon after, FINRA learned that Mr. Soll had no intention of cooperating with the investigation into these allegations. He refused to provide requested documents and records and he declined to submit to on-the-record testimony. This is a violation of FINRA Rule 8210, which compels all registered brokers to cooperate with regulator investigation into potential wrongdoing.
Without admitting to or denying the allegations of excessive trading, Paul Soll consented to FINRA’s proposed sanctions, which include an indefinite bar from the securities industry.
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