D. Allen Blankenship

12/07/2023: FINANCIAL INDUSTRY REGULATORY AUTHORITY OFFICE OF HEARING OFFICERS Department of Enforcement, Complainant, v. D. Allen Blankenship, CRD No.2842335, Respondent. Disciplinary Proceeding No. 2019064333401 COMPLAINT The Department of Enforcement alleges: SUMMARY 1. During the period from August 2016 to September 2019 (the “Relevant Period”), while registered through the firm, Independent Financial Group, LLC (BD No. 7717) (IFG), respondent D. Allen Blankenship engaged in unsuitable mutual fund trading. Specifically, Blankenship, solely to earn commissions, recommended unsuitable short-term trading of Class A mutual funds that caused 11 customer accounts to pay $21,158.45 in excessive sales charges. Blankenship also caused 37 customer accounts to miss $21,873.91 in Class A mutual fund breakpoint discounts.

10/31/2025: Respondent engaged in a pattern of unsuitable trading in mutual fund shares in violation of FINRA Rules 2111 and 2010. He facilitated the unsuitable trading by circumventing his firm’s supervision, which was unethical and violated FINRA Rule 2010. He also falsely marked mutual fund transactions as unsolicited when they were not, which caused his firm’s books and records to be inaccurate and violated FINRA Rules 4511 and 2010. For this misconduct, we bar Respondent from associating with any FINRA member firm in any capacity and order him to pay costs.

Reference 2019064333401data-portal.finra.orgfinra.orgdata-portal.finra.org