Collin Fingon Fired over Selling Away Allegations
Collin Fingon (CRD# 4832770), an adviser registered with International Assets Investment Management, sold investments away from his former firm, according to allegations by the firm. MDF Law is investigating the Rutland, Vermont-based financial professional for similar conduct. If you are a current or former client with concerns about your accounts, contact us for a free, confidential consultation.
Continue reading this post to learn more about the allegations against Mr. Fingon. The information herein is based on a November 29, 2024 review of his BrokerCheck profile, a Financial Industry Regulatory Authority record. It also includes information from his Investment Adviser Public Disclosure, a Securities and Exchange Commission record.
Why Did Bright Future Wealth Fire Collin Fingon?
On September 24, 2024, Bright Future Wealth Management terminated Mr. Fingon’s registration with the firm. According to a disclosure on his BrokerCheck record, the firm alleged that he violated internal policies and procedures. It also alleged that he violated industry rules and regulations. Specifically, it alleged that he violated policies and rules concerning “selling away, off-channel communications, outside business activities and failure to respond and participate in an internal investigation.” The disclosure provides no additional context surrounding these allegations.
FINRA Rules Forbid Selling Away
Selling away is a term used to describe a broker’s purchase, solicitation, or sale of investments not recorded on his member firm’s books and records, and without his firm’s prior authorization. Selling away is generally forbidden by FINRA Rule 3280 and other industry rules and standards.
Investor Filed Dispute in 2008
On April 16, 2008, an investor filed a dispute alleging that Mr. Fingon “provided tax advice which resulted in [an] additional tax liability.” His former member firm settled the allegations, which involved a variable annuity investment, for $8,661.
What Is Bright Future Wealth Management?
As his BrokerCheck record reflects, Mr. Fingon is a former representative of Bright Future Wealth Management. That firm’s website features a page outlining its “independent, forward-thinking & transparent” values as a hybrid registered investment advisory. “We have no outside shareholders, investors or financial-parent company to which we are beholden,” the section reads. “This means we can be fully objective when delivering client advice.”
FINRA: Adviser Based in Rutland, Vermont
Mr. Fingon launched his career as a broker in 2004, when he registered with Securian Financial’s office in Rutland, Vermont. He remained at the firm until 2008, when he departed for H. Beck. In 2011, he left H. Beck for Cetera Advisors, where he worked until October 2024. According to his IAPD form, he is presently an adviser with International Assets Investment Management’s office in Rutland, Vermont.
Investment Losses? Receive a Free Consultation with MDF Law
MDF Law’s team of dedicated broker fraud attorneys have recovered millions in investment losses for our clients. We accept cases on contingency, meaning you only pay a fee if you collect lost funds. We currently offer free consultations to investors across the US. If you lost money working with Collin Fingon, call 800-767-8040 to speak with a lawyer today.