FINRA Fined and Suspended Donald Bergeron for 15 Days

(FINRA Case #2016051447001)

Donald Lee Bergeron (CRD #2653896, Charlotte, North Carolina) – An AWC (Accept, Waiver & Consent) was issued in which Bergeron was assessed a deferred fine of $5,000 and suspended from association with any FINRA member in all capacities for 15 business days.

Without admitting or denying the findings, Bergeron consented to the sanctions and to the entry of findings that he improperly used discretion to place trades in a customer’s account, without receiving the customer’s written authorization to use discretion and without his member firm’s acceptance of the customer’s account as discretionary.

The findings stated that the customer had given Bergeron verbal permission to use discretion in the account.

Due to allegations Bergeron was terminated from Capital Guardian LLC in September 2016.  He was also terminated from Merrill Lynch in 2009 due to similar allegations regarding discretion in a customer’s account.

The suspension was in effect from August 7, 2017, through August 25, 2017.

If you feel you have been misled or taken advantage by Donald Bergeron or any Broker and wish to discuss legal action, please contact Darren Blum at 1-877-786-2552 (1-877-STOCK LAW), www.stockattorneys.com for a free consultation.