Gerald Eaton, formerly with Commonwealth Financial Network, Barred from Securities Industry
Have you lost money with financial advisor Gerald Allan Eaton from Acton, Massachusetts? We are looking into allegations made by FINRA (the Financial Industry Regulatory Authority) against Agent Eaton. FINRA barred him from the securities industry after he failed to respond to an investigation. Eaton was being investigated after he was terminated by his former brokerage firm, Commonwealth Financial Network. His termination related to allegations of forgery and wrongful taking of property.
Gerald Eaton was a registered representative and financial advisor with Commonwealth Financial Network from 1995 to October 2019. He worked out of a branch office in Acton, Massachusetts. Eaton was also terminated by Commonwealth Financial Network regarding these allegations.
Broker-dealers like Commonwealth Financial Network have a responsibility to adequately supervise all representatives who are registered through their firm, including investments sold by their registered representatives. Broker-dealers also must take steps to ensure that their financial advisors follow all securities rules and regulations. When broker-dealers fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Massachusetts. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Commonwealth Financial Network.
Click to view: Eaton, Gerald FINRA AWC
Click to view: Eaton, Gerald BrokerCheck 11.21.19