Sean Fields (CRD#: 6790559) is a registered Broker and Investment Adviser.
Sean Fields entered the securities industry in 2017. He has spent his entire career as a Financial Advisor with PFS Investments, Inc. and a registered Investment Adviser Representative with the affiliated Primerica Advisors.
Allegations Of Misconduct
The Wolper Law Firm has been contacted by senior investors living within a retirement community where the minimum age is 55, who allege that Financial Advisor Sean Fields solicited them to invest in securities he claimed were offered by and through PFS Investments. The clients allegedly agreed to invest with Sean Fields and PFS Investments based on these representations only to learn much later that the funds were not actually invested. When confronted, it is alleged that Sean Fields represented that he utilized the funds for his own financial benefit and promised to repay those funds at a later date.
FINRA Rule 3040 prohibits Financial Advisors from borrowing money from clients unless there is a familial or other special relationship. Any such borrowing arrangement would first need to be disclosed to the employing brokerage firm and approved. It necessarily follows that Financial Advisors are prohibited from taking money from clients as this could, under certain circumstances, be deemed theft.
If any investors have been approached by Sean Fields regarding investments, and have either not been provided with documentation regarding the investments, or have questions regarding the viability of those investments, please contact the Wolper Law Firm for a free, confidential consultation.
Sean Fields has a history of disclosures, including a financial disclosure. According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), in May 2014, Sean Fields disclosed that he received a bankruptcy discharge. In 2008, Sean Fields disclosed that he was charged with misdemeanor petit theft.
For a copy of Sean Fields’ FINRA BrokerCheck, Click Here.
We Help Investors Recover Investment Losses
FINRA regulations require that a customer’s written authorization is required before a broker-dealer can carry out transactions in the customer’s account. In addition, the broker-dealer’s member firm needs to approve the broker-dealer’s authorization. These measures are intended to protect the customer. Discretionary trading allows the broker-dealer to unilaterally decide to buy or sell securities at any price and not have to check with the client first. Exercising discretion without authorization can be costly to investors, and broker-dealers and their member firms, too.
In addition, to the extent a Financial Advisor converts client assets during the course and scope of his employment and/or registration with the brokerage firm, that brokerage firm may be held liable for any attendant losses.
The Wolper Law Firm represents investors nationwide in securities litigation and arbitration on a contingency fee basis. Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities. Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters. We can be reached at (800) 931-8452 or by email at email@example.com.