Florida Broker Barred For Failure To Cooperate With FINRA’s Investigation Into Complaint By Investor
Hans Patrick Kulicke Eveillard (CRD #7190141) is a previously registered securities broker. From September of 2020 to July of 2021, Mr. Eveillard was a representative of Northwestern Mutual Investment Services in Sarasota, Florida. Recently, he was suspended from the securities industry by FINRA for failure to cooperate with an investigation into an ongoing customer complaint. Below, our Miami securities fraud lawyers discuss the allegations raised against the broker in more detail.
Investor Complaint: Former Broker Hans Patrick Kulicke Eveillard
An investor filed a complaint against former Northwestern Mutual Investment Services broker Hans Patrick Kulicke Eveillard in March of 2022. Notably, Mr. Eveillard was terminated from that broker-dealer in 2021. The complaint filed with FINRA raised a number of different allegations against the former Northwestern Mutual Investment Services broker, including selling away and misappropriation of funds. The investor is seeking $303,000.00 in damages. As of early February 2023, the complaint is still listed as pending by FINRA. For this part, Mr. Eveillard denies any allegations of wrongdoing.
FINRA Sought On-the-Record Testimony, Broker Failed to Comply
In August of 2022, the Financial Industry Regulatory Authority (FINRA) took action to compel on-the-record testimony from former Northwestern Mutual Investment Services broker Hans Patrick Kulicke Eveillard. Under FINRA Rule 8210, all registered representatives are obligated to provide testimony and other relevant information when requested as part of a regulatory investigation. Mr. Eveillard failed to comply. In November, he consented to sanctions by the agency for violation of FINRA Rule 8210, including an indefinite bar from the securities industry. The broker did not admit to or deny any wrongdoing as part of the enforcement action.
FINRA Rule 8210 Helps to Protect the Integrity of the Industry and the Rights of Investors
The investigatory power held by FINRA is one of the key tools it has to uncover broker misconduct and take action to protect investors. FINRA Rule 8210 is a mechanism to help ensure that brokers and brokerage firms cooperate with FINRA’s investigators. The rule mandates broker-dealers and associated persons registered with FINRA to provide any information or documents requested by FINRA in connection with its regulatory responsibilities. It applies to all FINRA members, including individual representatives and firms. FINRA Rule 8210 is a critical tool for ensuring the protection of investors and maintaining market integrity, as it enables FINRA to access information necessary for the enforcement of securities laws and regulations. Non-compliance with FINRA Rule 8210 can result in enforcement action, including fines and suspension from the industry.
Consult With a FINRA Arbitration and Securities Litigation Lawyer in Florida Today
At Carlson & Associates, P.A., we represent investors in FINRA arbitration and securities litigation. If you or someone you care about suffered major investment losses due to the wrongful conduct of a broker or brokerage firm, we are here as a legal resource. Give us a phone call now or connect with us online for your confidential initial legal consultation. Our law firm is based in Miami and we provide securities fraud representation to investors throughout the wider region.
Source:
brokercheck.finra.org/individual/summary/7190141
