PATRICK LARKIN BELLAND at PGM GLOBAL INC. – View Complaints, Disclosures, Scams and Audit Report (Updated 2023)

CRD# 4379896
PATRICK LARKIN BELLAND is an Investment Adviser, associated with PGM GLOBAL INC. located at MONTREAL QUEBEC, . PATRICK BELLAND’s Central Registration Depository (CRD) number is 4379896 and the FINRA Profile can be found at – https://brokercheck.finra.org/individual/summary/5134112.

Disclosure #1 for PATRICK BELLAND

    • Event Date: 6/27/2008
    • Disclosure Type: Regulatory
    • Disclosure Resolution: Final
    • Disclosure Detail :: DocketNumberFDA: 2006004633001
    • DocketNumberAAO: 2006004633001
    • Initiated By: FINRA
    • Allegations: NASD RULE 2110: BELLAND PURCHASED 100 FIRM’S IN-THE MONEY CALL OPTION AFTER RECEIVING MATERIAL NON-PUBLIC INFORMATION ABOUT POTENTIAL ACQUISITION OF SOFTWARE CORPORATION (\FIRM\). THREE TRADING DAYS LATER, FOLLOWING THE PUBLIC ANNOUNCEMENT OF THE ACQUISITION, HE SOLD THE OPTIONS AND PROFITED APPROX. $20,000. HE FAILED TO DISCLOSE TO HIS MEMBER FIRM THAT HE HAD OBTAINED INFORMATION ABOUT POTENTIAL ACQUISITION FROM THE FIRM EMPLOYEE AND FAILED TO TAKE STEPS TO INVESTIGATE WHETHER THE INFORMATION WAS MATERIAL, NONPUBLIC INFORMATION IMPROPERLY OBTAINED FROM THE FIRM PRIOR TO TRADING. IN RESPONDING TO HIS MEMBER FIRM’S INQUIRY, BELLAND SUBMITTED A WRITTEN STATEMENT THAT INACCURATELY STATED THE CONVERSATION WITH THE FIRM’S EMPLOYEE OCCURRED A WEEK BEFORE HE PURCHASED FIRM’S OPTIONS RATHER THAN THE SAME DAY AS THE PURCHASE AND FAILED TO DISCLOSED DETAILS OF THE INFORMATION PROVIDED TO HIM BY THAT EMPLOYEE AND FAILED TO DISCLOSE THAT THE EMPLOYEE TOLD HIM THE INFORMATION HAD COME FROM OTHER FIRM’S EMPLOYEES. WITHOUT SPECIFIC INFORMATION HE PURCHASED OPTIONS WITHIN 15 MINUTES OF THE CALL FROM EMPLOYEE AND CLAIMED THAT HIS PURCHASE WAS BASED ON HIS OWN ANALYSIS OF THE FIRM AND AN ON-GOING RUMOR THAT THE FIRM MIGHT BE A TAKE OVER TARGET.
    • Resolution: Acceptance, Waiver & Consent(AWC)
    • Sanction Details :: Sanctions: Civil and Administrative Penalty(ies)/Fine(s) Sanctions: Suspension
    • Regulator Statement: WITHOUT ADMITTING OR DENYING THE FINDINGS, RESPONDENT CONSENTED TO THE DESCRIBED SANCTIONS AND TO THE ENTRY OF FINDINGS; THEREFORE, HE IS FINED $50,000 AND SUSPENDED FROM ASSOCIATION WITH ANY FINRA MEMBER IN ANY CAPACITY FOR TWO MONTHS. THE SUSPENSION IN ANY CAPACITY WILL BE IN EFFECT FROM JULY 21, 2008, THROUGH SEPTEMBER 20, 2008. FINES PAID ON JULY 15, 2008.
    • Broker Comment: IN CONNECTION WITH THE ALLEGATIONS DESCRIBED AT ITEM 7, FINRA INITIATED AN INVESTIGATION. THE INVESTIGATION RESULTED IN REGULATORY ACTION AGAINST MR. BELLAND FOR ALLEGED VIOLATION OF NASD RULE 2110. AN AWC LETTER WAS ACCEPTED BY FINRA ON JUNE 27, 2008, IN CONNECTION WITH THE MATTER, PURSUANT TO WHICH MR. BELLAND AGREED TO, WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, A SANCTION OF $50,000, A SUSPENSION FROM ASSOCIATION WITH ANY FINRA MEMBER IN ANY CAPACITY FOR TWO MONTHS, AND ENTRY OF THE FINDINGS. THE SUSPENSION WILL BE IN EFFECT FROM JULY 21, 2008, THROUGH SEPTEMBER 20, 2008.


Should I file a FINRA complaint against brokers like PATRICK LARKIN BELLAND?

Many investors (presumably, like yourself) are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who lost money in this fashion may actually be entitled to damages. You may suffer significant losses at the hands of your financial advisors’ misconduct, such as if they misrepresented or failed to disclose the risks associated with a particular investment, recommended frequent trades for the sole purpose of generating commissions, or used high-pressure tactics to make a sale. The rules and regulations of securities laws and FINRA policies are complex, and investment loss claims require an extensive understanding of securities arbitration to achieve the best possible results.

Update - 2022.11.15If you have suffered investment losses that may have been caused by PATRICK LARKIN BELLAND’s negligence or fraud, contact a FINRA lawyer today. Most FINRA lawyers work on a contingency fee basis, meaning that you will not be charged for their services unless they successfully collect money for you. Kindly add a comment, or contact us directly if you have any query, or want to be contacted by a FINRA lawyer today!

 
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Frequently Asked Questions About PATRICK LARKIN BELLAND

What is PATRICK BELLAND's Central Registration Depository (CRD) Number?

4379896

Which firm is PATRICK LARKIN BELLAND associated with?

PGM GLOBAL INC.

Where is PATRICK BELLAND located?

1250 BOUL. RENE-LEVESQUE W – SUITE 4025, MONTREAL QUEBEC, , H3B 4W8

Where can I find more details about PATRICK BELLAND's Investment Firm?

Visit https://brokercheck.finra.org/firm/summary/104387 to read a detailed report for PGM GLOBAL INC.

Are there any disclosures, allegations or complaints filed against PATRICK LARKIN BELLAND?

Yes. There are disclosures, allegations, or complaints filed against PATRICK LARKIN BELLAND. Click here to view all details

Where can I download a detailed FINRA report for PATRICK BELLAND?

Click here to download a detailed FINRA report for PATRICK BELLAND

Is it safe to do business with PATRICK LARKIN BELLAND?

We’re not sure. Please research PATRICK BELLAND’s disclosures, allegations and complaints before taking a decision


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