According to FINRA’s Disciplinary Actions publication, Florida broker Darrell Robert Vanpamel of Gradient Securities, LLC was suspended for one month and fined $5,000 for his involvement in outside business activities.
FINRA alleged that during the period from April 2013 to May 2013, Vanpamel engaged in outside business activities with four insurance clients who paid him a total of $1,400 for his activities. Specifically, Vanpamel received $500 each from two clients for “account set-up fees” in connection with the clients’ purchases of equity indexed annuities, received $150 from another client for a “social security report,” and received $250 from a final client for, among other things, work that he performed at the client’s home. Vanpamel did not provide written notice to his employer member firm prior to engaging in the aforementioned outside business activities and accepting compensation for such activities. (See FINRA Case No. 2013037723101)
Darrell Robert Vanpamel (CRD No. 5117737) was an active broker in the securities industry for 8 years and was registered with the following securities firm(s):
GRADIENT SECURITIES, LLC
CRD # 103857
PUNTA GORDA, FL
08/2013 – 02/2015
USA FINANCIAL SECURITIES CORPORATION
CRD # 103857
PRUDENVILLE, MI
03/2006 – 07/2013
If you have suffered financial losses, please contact the Law Office of Hanley Law to explore your legal options. The Hanley Law is dedicated to helping investors who have been victims of securities fraud. If you have lost money as a result of securities fraud, you may be able to recover your financial losses. Contact us toll free at (239) 649-0050 for a free initial consultation.