Martin Noonan, Jr., formerly with BMA Securities, Barred by FINRA
Have you lost money with financial advisor Martin Noonan? We are looking into allegations made about Martin J. Noonan, Jr. from El Segundo, California. FINRA (the Financial Industry Regulatory Authority) barred Noonan from the securities industry. FINRA alleged that Noonan has failed to respond to its investigation, regarding allegations that he engaged in unsuitable and excessive trading in a customer account.
Martin Noonan was a financial advisor and registered representative of BMA Securities from December 2013 to April 2020. He worked in a branch office in El Segundo, California. Noonan has also been the subject of at least one customer complaint and eight tax liens or civil judgments.
Brokerage firms like BMA Securities have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms 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; Ann Arbor, Michigan; and Phoenix, Arizona. We represent investors in FINRA arbitration proceedings in all 50 states, including California. Our attorneys have represented over one thousand investors against many brokerage firms in the past.