Jonathan Gordon Sorensen, a former broker at Jackson, Mississippi based Coker & Palmer, Inc., submitted a Letter of Acceptance, Waiver and Consent in which he consented to the described sanction and to the entry of the Financial Industry Regulatory Authority's (FINRA) findings that he failed to appear for a FINRA on-the-record interview and, subsequently through his attorney, informed FINRA that he would not appear for an on-the-record interview. The findings stated that Mr. Sorensen's appearance was requested as part of an investigation into his management of a limited partnership investment fund while associated with his member firm and whether he had converted and/or misused investor funds and falsified documents in connection with his management of the fund. Mr. Sorensen, of Maitland, Florida, was barred from association with any FINRA member in any capacity.
Broker-dealers must establish and implement a reasonable supervisory system to protect customers from broker misconduct. If broker-dealers do not establish and implement a reasonable supervisory system, they may be liable to investors for damages flowing from the misconduct. Therefore, investors who may have suffered damages due to Mr. Sorensen's alleged conversion and misuse of funds may bring forth claims to recover losses against Coker & Palmer.
Have you suffered losses in your Coker & Palmer, Inc. account due to broker misconduct? If so, call Robert Pearce at the Law Offices of Robert Wayne Pearce, P.A. for a free consultation. Mr. Pearce is accepting clients with valid claims against Mr. Sorensen and Coker & Palmer, Inc. whose stockbrokers may have engaged in misconduct and caused investors losses.
The most important of investors' rights is the right to be informed! This Investors' Rights blog post is by the Law Offices of Robert Wayne Pearce, P.A., located in Boca Raton, Florida. For over 30 years, Attorney Pearce has tried, arbitrated, and mediated hundreds of disputes involving complex securities, commodities and investment law issues. The lawyers at our law firm are devoted to protecting investors' rights throughout the United States and internationally! Please visit our website, www.secatty.com, post a comment, call (800) 732-2889, or email Mr. Pearce at pearce@rwpearce.com for answers to any of your questions about this blog post and/or any related matter.
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