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FINRA Broker Allegations

Allegations against: Douglas Covington Osborn

Allegation type: Regulatory

Allegation status: Final

The allegations read: Osborn is subject to a statutory disqualification due to a 1999 felony conviction. On march 11, 1999, osborn pleaded guilty to operating a motor vehicle under the influence of liquor in the third degree in oakland county, michigan. Osborn's conviction was elevated to a felony because it was his third offense within a 10-year period. He previously pleaded guilty to two separate misdemeanors of operating under the influence of liquor on august 23, 1990, and on august 25, 1995. Osborn was sentenced to two years of probation with the first six months to be served in the oakland county jail, followed by electronic monitoring for six months. He also was ordered to undergo periodic substance abuse treatment and testing, and his driving privileges were revoked. Osborne was released from jail early, on july 23, 1999, and he is now on electronic monitoring until january 23, 2000.

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