Brian Yarch, a broker and investment advisor associated with Regulus Financial Group, LLC, faces serious allegations from the State of Connecticut Insurance Department. The commissioner initially denied Yarch’s insurance producer license renewal application in response to previously disclosed regulatory activity to FINRA and other state insurance regulators. This decision has significant implications for investors who have entrusted their financial well-being to Yarch and Regulus Financial Group, LLC.
According to FINRA’s BrokerCheck (CRD #: 4075003), the State of Connecticut Insurance Department commissioner’s initial denial was based on prior regulatory actions against Brian Yarch. Although the denial letter was later revoked after discussions with the department, a Stipulation and Consent Order was signed, subjecting Yarch’s insurance producer license to a 24-month probation period. This order also prohibits him from serving as a Chief Compliance Officer, consistent with a previous SEC order, and requires him to take a prescribed ethics course.
The seriousness of these allegations cannot be overstated, as they directly impact the trust and confidence investors place in their financial advisors. Haselkorn & Thibaut, a national investment fraud law firm, is currently investigating Brian Yarch and Regulus Financial Group, LLC to determine the extent of any potential misconduct and its impact on investors.
Understanding the Allegations and FINRA Rules
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To grasp the gravity of the situation, it is essential to understand the nature of the allegations against Brian Yarch and the relevant FINRA rules. The State of Connecticut Insurance Department’s initial denial of Yarch’s license renewal application suggests that the previously disclosed regulatory activity raised significant concerns about his fitness to act as an insurance producer.
FINRA Rule 2010 requires registered representatives to observe high standards of commercial honor and just and equitable principles of trade. Any conduct that falls short of these standards may be considered a violation of this rule. Additionally, FINRA Rule 3110 requires member firms to establish and maintain a system of supervision reasonably designed to ensure compliance with applicable securities laws and regulations.
The fact that Brian Yarch is now subject to a 24-month probation period and prohibited from serving as a Chief Compliance Officer indicates that the State of Connecticut Insurance Department found his conduct to be inconsistent with these rules and standards.
The Importance for Investors
Investors rely on the integrity and expertise of their financial advisors to make sound decisions and protect their financial interests. When an advisor faces serious allegations, such as those brought against Brian Yarch, it can have far-reaching consequences for their clients.
Investors who have worked with Brian Yarch or Regulus Financial Group, LLC may be at risk of financial losses due to potential misconduct or negligence. It is crucial for these investors to stay informed about the ongoing investigation and to seek the guidance of experienced investment fraud attorneys to protect their rights and recover any losses.
Haselkorn & Thibaut, with over 50 years of combined experience and a 98% success rate, is committed to helping investors navigate this complex situation. The firm offers free consultations to clients affected by the allegations against Brian Yarch and Regulus Financial Group, LLC.
Recognizing Red Flags and Seeking Help
Investors should be aware of potential red flags that may indicate financial advisor malpractice, such as:
- Unauthorized or excessive trading
- Lack of diversification in investment portfolios
- Failure to disclose material information about investments
- Inconsistencies between an advisor’s recommendations and an investor’s risk tolerance or investment objectives
If investors suspect that they have been victims of financial advisor misconduct, they should promptly seek the assistance of a qualified investment fraud law firm. Haselkorn & Thibaut has a proven track record of success in FINRA arbitration, which is a process that allows investors to recover losses caused by broker misconduct.
With offices in Florida, New York, North Carolina, Arizona, and Texas, Haselkorn & Thibaut is well-positioned to assist investors nationwide. The firm operates on a contingency basis, meaning they charge no fees unless a recovery is obtained for their clients.
Investors who have concerns about their investments with Brian Yarch or Regulus Financial Group, LLC are encouraged to contact Haselkorn & Thibaut for a free consultation by calling their toll-free number at 1-888-885-7162 .
