According to the Financial Industry Regulatory Authority (FINRA), Questar Capital Corporation (Questar Capital) broker Jeffery Mohlman (Mohlman) was barred from the securities industry over failure to respond to regulatory requests concerning his alleged unapproved and undisclosed private securities transactions. FINRA had requested that Mohlman appear for on-the-record testimony, Mohlman’s counsel informed FINRA that Mohlman would not appear for the testimony at any time.
Mohlman has been registered with the securities industry since 2001. He has previously been registered with Met Life Securities, Inc. from 2002-2009, Investacorp, Inc from 2009-2011, and Questar Capital from 2012-2015.
FINRA began their investigation after Mohlman was terminated from Questar Capital in February of 2015. Questar Capital filed a Form U5 with FINRA stating Mohlman resigned after there were allegations that Mohlman failed to follow firm policies and procedures regarding participation in private securities transactions. Specific information regarding Mohlman’s private transactions are not publicly available at this time.
Brokerage firms have a duty to properly supervise all registered representatives with their firm. Firms also have a responsibility to make sure that financial advisors are following all securities rules and regulations as well as internal firm policies. If a brokerage firm fails to adequately supervise their registered representatives they may be liable for losses suffered by investors.
If you believe you have been the victim of stockbroker misconduct, you may wish to consult an attorney to find out more about your legal rights and options. Investors may contact a securities arbitration attorney at Law Office of Christopher J. Gray, P.C. at (866) 966-9598 or email@example.com for a no-cost, confidential consultation.