Bryan Benson: Tucson Broker Barred Over Customer Complaint
Former Wells Fargo Clearing Services broker Bryan Benson (CRD# 807506) was recently the subject of a disciplinary action by the Financial Industry Regulatory Authority, which barred him from associating with any FINRA member firm after finding he failed to cooperate with an investigation into a customer complaint.
According to a Letter of Acceptance, Waiver, and Consent (No. 2019061374201) dated April 2020, Bryan Benson was associated with Wells Fargo Clearing Services as a General Securities Representative from 2007 until December 2020, when he voluntarily terminated his registration. In 2020, FINRA commenced an investigation “into an investment-related customer complaint” against him. In connection with this investigation, FINRA sent him a request on April 14, 2020 to provide documents and information connected to the matter, which FINRA is empowered to do by FINRA Rule 8210, which states that it may require associated persons to provide information orally, in writing, or electronically with respect to matters under its investigation. The findings go on to state that Benson indicated to FINRA via an email on April 14, 2020 that he had received its request for documents and information but would not produce them “at any time.” As a result of the foregoing alleged conduct, which FINRA found constituted a violation of FINRA Rules 8210 and 2010, he was barred from associating with any FINRA member in any capacity.
His BrokerCheck report also lists one customer complaint against him. Filed in 2017, the complaint documented allegations of unsuitable investments, and reached a settlement of $415,000.
Bryan Benson is currently not registered as a broker. His previous registrations include Wells Fargo Clearing Services, RBC Daun Rauscher, Dain Rauscher Incorporated, Rauscher Pierce Refsnes, Sutro & Company, Tucker Anthony & RL Day, Dean Witter Reynolds, and Dean Witter & Company. He has passed five securities industry qualifying examinations and his BrokerCheck report lists zero state securities licenses. (Information current as of May 28, 2020.)