(FINRA Case #2014041862704)
Brenton Louis Bataille (CRD #2070777, Englewood, Colorado) – An AWC (Accept, Waiver & Consent) was issued in which Bataille was fined $5,000, suspended from association with any FINRA member in all capacities for 10 business days, and required to pay $2,200, plus interest, in disgorgement of commissions received.
Without admitting or denying the findings, Bataille consented to the sanctions and to the entry of findings that he recommended the purchases of convertible notes without a reasonable basis to conclude they were suitable for any investor.
The findings stated that at the time Bataille recommended and sold the notes, he had performed very minimal due diligence and did not know whether information provided by the issuer was accurate. Bataille also recommended and sold the investment while his member firm’s due diligence was ongoing. Bataille recommended and sold $50,000 of the notes to a customer of the firm, who was an accredited investor. For this investment, Bataille received $2,200.
The suspension was in effect from January 2, 2018, through January 16, 2018.
Bataille has been employed by Spencer Edwards Inc. (CRD# 22067) since 1999.
If you feel you have been misled or taken advantage by Brenton Louis Bataille 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.