{"id":18411,"date":"2019-10-29T09:22:15","date_gmt":"2019-10-29T14:22:15","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=18411"},"modified":"2019-10-29T09:37:04","modified_gmt":"2019-10-29T14:37:04","slug":"ssek-investigates-claims-by-clients-of-innovation-partners","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/ssek-investigates-claims-by-clients-of-innovation-partners\/","title":{"rendered":"Shepherd Smith Edwards and Kantas Investigates Claims by Clients of Innovation Partners"},"content":{"rendered":"

Our investor lawyers <\/a>at SSEK Law Firm are meeting with clients who\u2019ve worked with Innovation Partners and suffered investment losses that they suspect may be due to fraud, negligence, or inadequate supervision. The North Carolina-based broker-dealer was recently fined $60K and censured by the Financial Industry Regulatory Authority (FINRA)<\/a> after allowing its ex-co founder, president, CCO and CEO Patrick Emanuel Sutherland, to continue to have access to its email, other systems, records, and books, as well as engage in activities on its behalf, even after he was found guilty of multiple felonies in 2016.<\/p>\n

Those felonies, including submitting a false tax return and obstruction of an official proceeding, should have disqualified him from associating with a member firm for a decade. Yet from approximately 10\/28\/2016 to 9\/15\/2019, Sutherland continued to remain involved with Innovation Partners, even discussing securities-related matters with associated persons at the brokerage firm and directing staff regarding commissions for transactions.<\/p>\n

Meantime, Innovation Partners\u2019 current CEO and President Yanique Elaine Lawrence reportedly knew about Sutherland\u2019s continued involvement and was often copied on his direct communications with the firm\u2019s registered representatives. Both Lawrence and Innovation Partners are accused of not setting up and enforcing a suitable supervisory system that should have prevented Sutherland from continuing to be involved with the firm.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Our investor lawyers at SSEK Law Firm are meeting with clients who\u2019ve worked with Innovation Partners and suffered investment losses that they suspect may be due to fraud, negligence, or inadequate supervision. The North Carolina-based broker-dealer was recently fined $60K and censured by the Financial Industry Regulatory Authority (FINRA) after allowing its ex-co founder, president, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3774,3739,3776],"tags":[4214,4212,4213],"class_list":["post-18411","post","type-post","status-publish","format-standard","hentry","category-broker-dealers","category-finra","category-finra-settlements","tag-innovation-partners","tag-patrick-emanuel-sutherland","tag-yanique-elaine-lawrence"],"yoast_head":"\nShepherd Smith Edwards and Kantas Investigates Claims by Clients of Innovation Partners| SSEK Law Firm<\/title>\n<meta name=\"description\" content=\"SSEK Law Firm is meeting with clients of Innovation Partners who suffered investment losses that they suspect may be due to 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