Alan Mason (CRD #1302190, New York, New York)

May 22, 2024 – An AWC was issued in which Mason was fined $5,000, suspended from association with any FINRA member in all capacities for two months, and ordered to pay disgorgement of commissions received in the amount of $1,324.38, plus interest. Without admitting or denying the findings, Mason consented to the sanctions and to the entry of findings that he willfully violated Rule 15/-1(a)(1) under the Securities Exchange Act of 1934 (Regulation Bl) by recommending that a retail customer invest at least 20 percent of her liquid net worth in a speculative, unrated debt security. The findings stated that the customer opened an individual account with Mason’s member firm through Mason. The customer reported a moderate risk tolerance with a liquid net worth between $200,001 and $500,000. The customer’s stated investment objective was growth and income, and it did not include speculation. Mason recommended that the customer invest $50,000 in bonds from a third offering of a publicly traded financial services company that focused on providing liquidity to holders of illiquid investments and alternative assets. Mason later recommended that the customer invest an additional $50,000 in a fourth offering of bonds by the company. As a result, Mason earned $1,324.38 in commissions in connection with his second recommendation. Mason’s recommendation that the customer invest an additional $50,000 in the bonds was not in her best interest based on her investment profile, including her moderate risk tolerance, in light of the high degree of risk associated with the bonds. The customer brought and settled an arbitration against the firm relating to her bond investments. The suspension is in effect from August 5, 2024, through October 4, 2024. (FINRA Case #2021070498102) If you have suffered losses as a result of Alan Mason's act and/or actions we would like to hear from you. We are currently investigating claims on behalf of clients who have suffered significant losses in their portfolios that are managed by Alan Mason. The Schwartz Law Firm represents investors in claims against financial advisors and their firms. If you have questions about your potential claim or need assistance from an investment fraud lawyer, please contact us at 866-618-0545 or email Matthew Schwartz directly at mschwartz@tslfirm.com.