August 2015- Pompano Beach, Florida
Walter Paul Priebe , entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that he failed to notify his firm that he was serving in a fiduciary capacity as either a primary or successor trustee for several trusts associated with certain clients of his firm in violation of FINRA rules and firm procedures.
In addition , according to FINRA, Priebe falsely stated on compliance questionnaires that he had disclosed all current outside business activities (OBAs).
AWC No. 2014041781901
Priebe was fined $25,000 and suspended from association with any FINRA member for six months.
According to FINRA records, Priebe was registered with Newbridge Securities from 7/2014 until he was suspended by FINRA 9/2015. Prior to that he was registered with Investacorp in Fort Lauderdale, FL, from 3/1989-7/2014.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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