Investor's Rights Blog with Robert Pearce

Staten Island, New York FINRA Defense Lawyers

Do You Need a FINRA Defense Attorney? You may have read that Matthew Angelo Siliato Staten Island, New York was permanently barred by the Financial Industry Regulatory Authority (“FINRA”) from working in the securities industry because he failed to comply with FINRA Rule 8210 and 2010. In December 2018, Matthew Angelo Siliato joined Wynston Hill Capital, LLC while registered as a General Securities Representative. According to the findings, FINRA sent Siliato a request to appear for an on-the-record testimony in connection with their investigation into his alleged unauthorized and excessive trading. The findings state that Siliato responded to FINRA during a phone call, stating that he allegedly received, acknowledged, and refused to appear at any time. Although Matthew Angelo Siliato is no longer associated with any FINRA member firm, he remains subject to FINRA’s jurisdiction. FINRA Rule 8210(a)(1) states, in relevant part, that FINRA staff shall have the right to “require a member, person associated with a member, or any other person subject to FINRA’s jurisdiction to provide information orally, in writing, or electronically…with respect to any matter involved in the investigation, complaint, examination, or proceeding.” A failure to comply with a request for documents and information issued pursuant to FINRA Rule 8210 is a violation of FINRA Rule 2010, which requires associated persons to “observe high standards of commercial honor and just and equitable principles of trade.” Unfortunately, Matthew Angelo Siliato might have avoided that FINRA 8210 bar from the securities industry with a skilled and experienced FINRA 8210 defense attorney. It is important, early on, to have a FINRA defense attorney advise you on how not to make matters worse and resolve the dispute with the least amount of sanctions which could range from censures to fines, suspensions, permanent bars, and/or referrals to federal or state prosecutors. You will need an experienced FINRA defense lawyer who not only has knowledge of FINRA rules and procedures, the securities laws and the appropriate sanction for the alleged misconduct but also has an excellent reputation and credibility with the FINRA attorneys to negotiate the best outcome. Free Initial Consultation With FINRA 8210 Defense Attorney Serving Financial Advisors Throughout Staten Island, New York And Nationwide The Law Offices of Robert Wayne Pearce, P.A. understands what is at stake in FINRA securities law matters and works tirelessly to secure the best possible result for you and your case. Attorney Pearce’s FINRA defense skills are highly regarded throughout New York and across the nation. For dedicated representation by an attorney with over 40 years of experience and success in all kinds of FINRA disputes serving New York citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889, or via e-mail.

Nov 25, 2021

Scottsdale, Arizona FINRA Defense Lawyers

Do You Need a FINRA Defense Attorney? You may have read that John Lee Scott of Scottsdale, Arizona was permanently barred by the Financial Industry Regulatory Authority (“FINRA”) from working in the securities industry because he failed to comply with FINRA Rule 8210 and 2010. In March 2017, John Lee Scott joined LPL Financial, LLC as an Investment Company and Variable Contracts Products Representative. According to the findings, FINRA sent Scott a request to appear for an on-the-record testimony in connection with their investigation into whether he participated in undisclosed outside business activities and private securities transactions. The findings state that Scott responded to FINRA through email stating that he allegedly received, acknowledged, and refused to appear for an on-the-record testimony at any time. John Lee Scott is currently associated with another member firm and remains subject to FINRA’s jurisdiction. FINRA Rule 8210(a)(1) states, in relevant part, that FINRA staff shall have the right to “require a member, person associated with a member, or any other person subject to FINRA’s jurisdiction to provide information orally, in writing, or electronically…with respect to any matter involved in the investigation, complaint, examination, or proceeding.” A failure to comply with a request for documents and information issued pursuant to FINRA Rule 8210 is a violation of FINRA Rule 2010, which requires associated persons to “observe high standards of commercial honor and just and equitable principles of trade.” Unfortunately, John Lee Scott might have avoided that FINRA 8210 bar from the securities industry with a skilled and experienced FINRA 8210 defense attorney. It is important, early on, to have a FINRA defense attorney advise you on how not to make matters worse and resolve the dispute with the least amount of sanctions which could range from censures to fines, suspensions, permanent bars, and/or referrals to federal or state prosecutors. You will need an experienced FINRA defense lawyer who not only has knowledge of FINRA rules and procedures, the securities laws and the appropriate sanction for the alleged misconduct but also has an excellent reputation and credibility with the FINRA attorneys to negotiate the best outcome. Free Initial Consultation With FINRA 8210 Defense Attorney Serving Financial Advisors Throughout Scottsdale, Arizona And Nationwide The Law Offices of Robert Wayne Pearce, P.A. understands what is at stake in FINRA securities law matters and works tirelessly to secure the best possible result for you and your case. Attorney Pearce’s FINRA defense skills are highly regarded throughout Arizona and across the nation. For dedicated representation by an attorney with over 40 years of experience and success in all kinds of FINRA disputes serving Arizona citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889, or via e-mail.

Nov 23, 2021

New York, New York FINRA Defense Lawyers

Do You Need a FINRA Defense Attorney? You may have read that Jared Evan Ailstock of New York, New York was permanently barred by the Financial Industry Regulatory Authority (“FINRA”) from working in the securities industry because he failed to comply with FINRA Rule 8210 and 2010. In June 2015, Jared Evan Ailstock joined Goldman Sachs & Co. LLC as a General Securities Representative and as an Investment Banking Representative. The firm later filed a Uniform Termination Notice for Securities Industry Registration (Form U5) stating that Ailstock had been discharged due to alleged misconduct. According to the findings, FINRA sent Ailstock a request to appear for and provide an on-the-record testimony regarding their investigation as to whether he submitted inaccurate business expense reimbursement requests to his firm. The findings state that Ailstock responded to FINRA through email, stating that he allegedly received, acknowledged, and refused the request to appear for an on-the-record testimony at any time. Although Jared Evan Ailstock is no longer associated with any FINRA member firm, he remains subject to FINRA’s jurisdiction. FINRA Rule 8210 states, in relevant part, that FINRA has the right to require a “person subject to FINRA’ s jurisdiction to provide information orally, in writing, or electronically with respect to any matter involved in the investigation, complaint, examination or proceeding.” FINRA Rule 8210 also specifies that “no person shall fail to provide information or testimony pursuant to this Rule.” A failure to provide information and/or testimony requested by FINRA pursuant to Rule 8210 violates Rule 8210. Conduct that violates FINRA Rule 8210 also violates FINRA Rule 2010, which requires associated persons to “observe high standards of commercial honor and just and equitable principals of trade.” Unfortunately, Jared Ailstock might have avoided that FINRA 8210 bar from the securities industry with a skilled and experienced FINRA 8210 defense attorney. It is important, early on, to have a FINRA defense attorney advise you on how not to make matters worse and resolve the dispute with the least amount of sanctions which could range from censures to fines, suspensions, permanent bars, and/or referrals to federal or state prosecutors. You will need an experienced FINRA defense lawyer who not only has knowledge of FINRA rules and procedures, the securities laws and the appropriate sanction for the alleged misconduct but also has an excellent reputation and credibility with the FINRA attorneys to negotiate the best outcome. Free Initial Consultation With FINRA 8210 Defense Attorney Serving Financial Advisors Throughout New York And Nationwide The Law Offices of Robert Wayne Pearce, P.A. understands what is at stake in FINRA securities law matters and works tirelessly to secure the best possible result for you and your case. Attorney Pearce’s FINRA defense skills are highly regarded throughout New York and across the nation. For dedicated representation by an attorney with over 40 years of experience and success in all kinds of FINRA disputes serving New York citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889, or via e-mail.

Nov 21, 2021

Virginia Beach, Virginia FINRA Defense Lawyers

Do You Need a FINRA Defense Attorney? You may have read that Hugues Guirand of Virginia Beach, Virginia was permanently barred by the Financial Industry Regulatory Authority (“FINRA”) from working in the securities industry because he failed to comply with FINRA Rule 8210 and 2010. In July 2007, Hugues Guirand joined Woodstock Financial Group Inc. while registered as a Corporate Securities Representative. The firm later filed a Uniform Termination Notice (Form U5), disclosing that Guirand had been discharged due to alleged misconduct. According to the findings, FINRA sent Guirand a request to provide documents and information and appear for an on-the-record testimony in connection with their investigation into whether he solicited customer’s investment in certain transactions. The findings state that Guirand has not responded to FINRA for the request for documents and information and has not appeared for an on-the-record testimony. Although Hugues Guirand is not currently associated with any FINRA member firm, he remains subject to FINRA’s jurisdiction. FINRA Rule 8210(a)(1) states, in relevant part, that FINRA staff shall have the right to “require a member, person associated with a member, or any other person subject to FINRA’s jurisdiction to provide information orally, in writing, or electronically…with respect to any matter involved in the investigation, complaint, examination, or proceeding.” A failure to comply with a request for documents and information issued pursuant to FINRA Rule 8210 is a violation of FINRA Rule 2010, which requires associated persons to “observe high standards of commercial honor and just and equitable principles of trade.” Unfortunately, Hugues Guirand might have avoided that FINRA 8210 bar from the securities industry with a skilled and experienced FINRA 8210 defense attorney. It is important, early on, to have a FINRA defense attorney advise you on how not to make matters worse and resolve the dispute with the least amount of sanctions which could range from censures to fines, suspensions, permanent bars, and/or referrals to federal or state prosecutors. You will need an experienced FINRA defense lawyer who not only has knowledge of FINRA rules and procedures, the securities laws and the appropriate sanction for the alleged misconduct but also has an excellent reputation and credibility with the FINRA attorneys to negotiate the best outcome. Free Initial Consultation With FINRA 8210 Defense Attorney Serving Financial Advisors Throughout Virginia Beach, Virginia And Nationwide The Law Offices of Robert Wayne Pearce, P.A. understands what is at stake in FINRA securities law matters and works tirelessly to secure the best possible result for you and your case. Attorney Pearce’s FINRA defense skills are highly regarded throughout Virginia and across the nation. For dedicated representation by an attorney with over 40 years of experience and success in all kinds of FINRA disputes serving Virginia citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889, or via e-mail.

Nov 19, 2021

Bethlehem, Georgia FINRA Defense Lawyers

Do You Need a FINRA Defense Attorney? You may have read that Joia Evans of Bethlehem, Georgia was permanently barred by the Financial Industry Regulatory Authority (“FINRA”) from working in the securities industry because she failed to comply with FINRA Rule 8210 and 2010. In June 2015, Joia Evans joined TIAA-CREF Individual & Institutional Services, LLC and became registered as a General Securities Representative. The firm later filed a Uniform Termination Notice for Securities Industry Registration (Form U5) on November 13, 2020, disclosing that she had been terminated due to alleged misconduct. According to the findings, FINRA sent Evans a request to provide documents and information in connection with their investigation regarding Evans’s potential participation in outside business activities while registered with her member firm. The findings state that Evans responded to FINRA through email, stating that she allegedly received, acknowledged, and refused to provide the requested documents and information at any time. Although Joia Evans is no longer associated with any FINRA member firm, she remains subject to FINRA’s jurisdiction. FINRA Rule 8210 states, in relevant part, that FINRA has the right to require a “person subject to FINRA’ s jurisdiction to provide information orally, in writing, or electronically with respect to any matter involved in the investigation, complaint, examination or proceeding.” FINRA Rule 8210 also specifies that “no person shall fail to provide information or testimony pursuant to this Rule.” A failure to provide information and/or testimony requested by FINRA pursuant to Rule 8210 violates Rule 8210. Conduct that violates FINRA Rule 8210 also violates FINRA Rule 2010, which requires associated persons to “observe high standards of commercial honor and just and equitable principals of trade. “ Unfortunately, Joia Evans might have avoided that FINRA 8210 bar from the securities industry with a skilled and experienced FINRA 8210 defense attorney. It is important, early on, to have a FINRA defense attorney advise you on how not to make matters worse and resolve the dispute with the least amount of sanctions which could range from censures to fines, suspensions, permanent bars, and/or referrals to federal or state prosecutors. You will need an experienced FINRA defense lawyer who not only has knowledge of FINRA rules and procedures, the securities laws and the appropriate sanction for the alleged misconduct but also has an excellent reputation and credibility with the FINRA attorneys to negotiate the best outcome. Free Initial Consultation With FINRA 8210 Defense Attorney Serving Financial Advisors Throughout Bethlehem, Georgia And Nationwide The Law Offices of Robert Wayne Pearce, P.A. understands what is at stake in FINRA securities law matters and works tirelessly to secure the best possible result for you and your case. Attorney Pearce’s FINRA defense skills are highly regarded throughout Georgia and across the nation. For dedicated representation by an attorney with over 40 years of experience and success in all kinds of FINRA disputes serving Georgia citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889, or via e-mail.

Nov 17, 2021

Ramsey, New Jersey FINRA Securities Arbitration Attorney

Did Scott David Fergang Cause You Investment Losses? Scott David Fergang of Ramsey, New Jersey submitted a Letter of Acceptance, Waiver and Consent to the Financial Industry Regulatory Authority in which he was fined $5,000 and suspended from association with any FINRA member in all capacities for a period of 15 days. The sanctions were based on findings that he allegedly exercised discretionary trading without authorization in violation of NASD Rule 2510(b) and FINRA Rule 2010. The suspension was in effect from May 17, 2021, through June 7, 2021. In July 2015, Scott David Fergang joined RBC Capital Markets, LLC and became registered as a General Securities Sales Supervisor. The firm later filed a Uniform Termination for Securities Industry Registration, disclosing that Fergang was terminated due to alleged misconduct. According to FINRA’s findings, from February 15 through March 2019, Fergang allegedly exercised discretionary trading in four customers’ accounts effecting approximately 814 transactions. The findings state that prior to placing the trades, Fergang allegedly failed to obtain written authorization from the customers to exercise discretion in their accounts and RBC did not accept any as discretionary accounts. Scott David Fergang is currently registered with a FINRA member firm and remains subject to FINRA’s jurisdiction. NASD Rule 2510(b) prohibits registered representatives from “exercising any discretionary power in a customer’s account” unless the customer has provided prior written authorization to the representative and the account has been accepted as a discretionary account, in writing, by the representative’s member firm. A violation of NASD Rule 2510(b) is also a violation of FINRA Rule 2010, to “observe high standards of commercial honor and just and equitable principles of trade.”. Do You Need a New Jersey FINRA Securities Arbitration Attorney? Are you a New Jersey investor who has suffered significant losses in your stock brokerage and investment accounts? Did your New Jersey stockbroker or investment advisor misrepresent facts, fail to disclose facts making the statements made false and misleading, recommend unsuitable investments or strategies, excessively trade or churn, mismanage your investment account or engage in other kinds of stockbroker misconduct? If so, you need representation by an experienced, highly-rated and nationally recognized FINRA securities arbitration attorney—a lawyer who knows FINRA rules and procedures inside and out and how to handle these FINRA arbitration cases as well as other complex legal issues. Free Initial Consultation With Experienced FINRA Securities Arbitration Attorneys Serving Ramsey, New Jersey Residents In FINRA Arbitration Proceedings At The Law Offices of Robert Wayne Pearce, P.A. we represent investors in all kinds of securities, commodities and investment law disputes in FINRA, AAA and JAMS arbitration and mediation proceedings. Attorney Pearce and his staff represent investors throughout New Jersey, and across the United States on a CONTINGENCY FEE basis which means you pay nothing – NO FEES-NO COSTS – unless we put money in your pocket after receiving a settlement or FINRA arbitration award. Se habla español For dedicated representation by Attorney Pearce with over 40 years of experience and success in all kinds of securities, commodities and investment law disputes serving New Jersey citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.

Nov 15, 2021

Bow, New Hampshire FINRA Defense Lawyers

Do You Need a FINRA Defense Attorney? You may have read that Gilbert W. Cox of Bow, New Hampshire was permanently barred by the Financial Industry Regulatory Authority (“FINRA”) from working in the securities industry because he failed to comply with FINRA Rule 8210 and 2010. In January 2020, Gilbert W. Cox joined Citizens Securities, Inc. while registered as an Investment Company and Variable Contracts Products Representative. The firm later filed a Uniform Termination Notice (Form U5), disclosing that Cox had been terminated for allegedly failing to cooperate with an internal employment investigation seeking information about his outside business activities. According to the findings, FINRA sent Cox a request to provide documents and information in connection with their investigation into his termination with the member firm. The findings state that Cox responded to FINRA through email stating that he allegedly received, acknowledged, and refused to appear at any time. Although Gilbert W. Cox is no longer associated with any FINRA member firm, he remains subject to FINRA’s jurisdiction. FINRA Rule 8210(a)(1) states, in relevant part, that FINRA staff shall have the right to “require a member, person associated with a member, or any other person subject to FINRA’s jurisdiction to provide information orally, in writing, or electronically…with respect to any matter involved in the investigation, complaint, examination, or proceeding.” A failure to comply with a request for documents and information issued pursuant to FINRA Rule 8210 is a violation of FINRA Rule 2010, which requires associated persons to “observe high standards of commercial honor and just and equitable principles of trade.” Unfortunately, Gilbert Cox might have avoided that FINRA 8210 bar from the securities industry with a skilled and experienced FINRA 8210 defense attorney. It is important, early on, to have a FINRA defense attorney advise you on how not to make matters worse and resolve the dispute with the least amount of sanctions which could range from censures to fines, suspensions, permanent bars, and/or referrals to federal or state prosecutors. You will need an experienced FINRA defense lawyer who not only has knowledge of FINRA rules and procedures, the securities laws and the appropriate sanction for the alleged misconduct but also has an excellent reputation and credibility with the FINRA attorneys to negotiate the best outcome. Free Initial Consultation With FINRA 8210 Defense Attorney Serving Financial Advisors Throughout Bow, New Hampshire And Nationwide The Law Offices of Robert Wayne Pearce, P.A. understands what is at stake in FINRA securities law matters and works tirelessly to secure the best possible result for you and your case. Attorney Pearce’s FINRA defense skills are highly regarded throughout New Hampshire. and across the nation. For dedicated representation by an attorney with over 40 years of experience and success in all kinds of FINRA disputes serving New Hampshire citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889, or via e-mail.

Nov 13, 2021

Northridge, California Stockbroker Fraud Lawyer

Did Sun Hyung Kim Cause You Investment Losses? Sun Hyung Kim of Northridge, California submitted a Letter of Acceptance, Waiver and Consent (AWC) to the Financial Industry Regulatory Authority (FINRA) in which he was barred from association with any FINRA member in all capacities. The sanction was based on findings that he allegedly executed unauthorized transactions, provided false and misleading information and caused his firm to maintain inaccurate books and records in violation of FINRA Rule 4511, 8210 and 2010. In March 2015, Sun Hyung Kim joined Kayan Securities, Inc. and became registered as a General Securities Representative. According to FINRA’s findings, while associated with the member firm, Kim effected 162 unauthorized transactions in the brokerage accounts of one customer. The findings state that during a FINRA investigation, Kim allegedly provided false information regarding the transactions. In addition, Kim also caused his firm to maintain inaccurate books and records when he allegedly mismarked the 162 trades in the accounts of the customer as “unsolicited.” Sun Hyung Kim is currently registered with a FINRA member firm and remains subject to FINRA’s jurisdiction. FINRA Rule 4511 provides that each member firm ““shall make and preserve books and records as required under the FINRA rules, the Exchange Act and the applicable Exchange Act rules.”” Exchange Act Rule 17a-3 requires firms to make a record of ““each brokerage order, and of any other instruction, given or received for the purchase or sale of securities, whether executed or unexecuted.”” This record ““shall show the terms and conditions of the order or instructions,”” which includes whether the order was solicited or unsolicited. FINRA Rule 8210 requires persons subject to FINRA’‘s jurisdiction to provide information in connection with FINRA investigations. Providing false or misleading information to FINRA in response to a Rule 8210 request violates both Rule 8210 and FINRA Rule 2010. Do You Need a California FINRA Securities Arbitration Attorney? Are you a California investor who has suffered significant losses your stock brokerage and investment accounts? Did your California stockbroker or investment advisor, misrepresent facts about the securities, investments or strategies they were recommending or otherwise mismanage your investment account? If so, you need representation by an experienced, highly-rated and nationally recognized FINRA arbitration attorney — an attorney who knows FINRA rules and procedures and how to handle these FINRA arbitration cases as well as other complex legal issues. Free Initial Consultation With Experienced Securities Misrepresentation and Stockbroker Fraud Lawyers Serving Northridge, California Residents in FINRA Securities Arbitrations At The Law Offices of Robert Wayne Pearce, P.A. we represent investors in all kinds of securities, commodities and investment law disputes in FINRA, AAA and JAMS arbitration and mediation proceedings. Attorney Pearce and his staff represent investors throughout California, and across the United States on a CONTINGENCY FEE basis which means you pay nothing – NO FEES-NO COSTS – unless we put money in your pocket after receiving a settlement or FINRA arbitration award. Se habla español For dedicated representation by Attorney Pearce with over 40 years of experience and success in all kinds of securities, commodities and investment law disputes serving California citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.

Nov 11, 2021

Farmington, Missouri Securities Account Theft Attorney

Did Tonia Berg Cause You Investment Losses? Tonia Berg of Farmington, Missouri submitted a Letter of Acceptance, Waiver and Consent form to the Financial Industry Regulatory Authority in which she was barred from association with any FINRA member in all capacities. The sanction was based on findings that she allegedly converted funds and forged signatures in violation of FINRA Rules 2150(a) and 2010. In August 2016, Tonia Berg joined Edward Jones as a non-registered fingerprint (NRF) person. The firm later filed an NRF amendment to disclose Berg’s termination due to alleged misconduct. According to FINRA’s findings, Berg allegedly converted $44,200 from her mother’s retirement and brokerage accounts at Edward Jones in two separate wire transfers to a bank account of a third-party individual. The findings state that Berg was able to complete the transfers by forging her mother’s signature on two Client Authorization forms without her mother’s knowledge or consent. Although Tonia Berg is not currently registered or associated with a member firm, she remains subject to FINRA’s jurisdiction. FINRA Rule 2150(a) provides that “no person associated with a member [firm] shall make improper use of a customer’s securities or funds.” Conversion is an intentional and unauthorized taking of and/or exercise of ownership over property by one who neither owns the property nor is entitled to possess it. Conversion of customer funds is a violation of FINRA Rules 2150(a) and 2010. FINRA Rule 2010 requires associated persons, in the conduct of their business, to observe “high standards of commercial honor and just and equitable principles of trade.” Signing another person’s name to documents, without authority, constitutes forgery. Forgery is also a violation of FINRA Rule 2010. Are you a Farmington, Missouri investor who has suffered significant losses in your stock brokerage and investment accounts? Did your Farmington, Missouri stockbroker or investment advisor transfer assets without your authority to the stockbroker or another party, steal, or otherwise commit theft in your investment account? If so, you will need to have representation from an experienced, highly rated, and nationally recognized FINRA arbitration securities law attorney—an attorney who knows FINRA rules and procedures inside and out and how to handle these FINRA arbitration forgery cases and other complex legal issues. Free Initial Consultation With Experienced Attorneys Handling Securities Account Theft Cases Serving Farmington, Missouri Residents in FINRA Arbitrations At The Law Offices of Robert Wayne Pearce, P.A. we represent investors in all kinds of securities, commodities, and investment law disputes in FINRA, AAA and JAMS arbitration and mediation proceedings. Attorney Pearce and his staff represent investors throughout Missouri, and across the United States on a CONTINGENCY FEE basis which means you pay nothing – NO FEES-NO COSTS – unless we put money in your pocket after receiving a settlement or FINRA arbitration award. Se habla español For dedicated representation by Attorney Pearce with over 40 years of experience and success in all kinds of securities, commodities, and investment law disputes serving Missouri citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.

Nov 9, 2021

New York, New York FINRA Defense Lawyers

Do You Need a FINRA Defense Attorney? You may have read that Evan A. Schottenstein of New York, New York was permanently barred by the Financial Industry Regulatory Authority (“FINRA”) from working in the securities industry because he failed to comply with FINRA Rule 8210 and 2010. In March 2014, Evan A. Schottenstein was registered with J.P. Morgan Securities LLC as a General Securities Representative. The firm later filed a Uniform Termination Notice for Securities Industry Registration (Form U5) stating that Schottenstein had been discharged due to concerns relating to previous trading activity. According to the findings, FINRA sent Schottenstein a request to appear for and provide an on-the-record testimony regarding their investigation into his termination. The findings state that Schottenstein responded to FINRA through email, stating that he allegedly received, acknowledged, and refused the request to appear for an on-the-record testimony at any time. Although Evan A. Schottenstein is no longer associated with any FINRA member firm, he remains subject to FINRA’s jurisdiction. FINRA Rule 8210 states, in relevant part, that FINRA has the right to require a “person subject to FINRA’ s jurisdiction to provide information orally, in writing, or electronically with respect to any matter involved in the investigation, complaint, examination or proceeding.” FINRA Rule 8210 also specifies that “no person shall fail to provide information or testimony pursuant to this Rule.” A failure to provide information and/or testimony requested by FINRA pursuant to Rule 8210 violates Rule 8210. Conduct that violates FINRA Rule 8210 also violates FINRA Rule 2010, which requires associated persons to “observe high standards of commercial honor and just and equitable principals of trade. “ Unfortunately, Evan A. Schottenstein might have avoided that FINRA 8210 bar from the securities industry with a skilled and experienced FINRA 8210 defense attorney. It is important, early on, to have a FINRA defense attorney advise you on how not to make matters worse and resolve the dispute with the least amount of sanctions which could range from censures to fines, suspensions, permanent bars, and/or referrals to federal or state prosecutors. You will need an experienced FINRA defense lawyer who not only has knowledge of FINRA rules and procedures, the securities laws and the appropriate sanction for the alleged misconduct but also has an excellent reputation and credibility with the FINRA attorneys to negotiate the best outcome. Free Initial Consultation With FINRA 8210 Defense Attorney Serving Financial Advisors Throughout New York And Nationwide The Law Offices of Robert Wayne Pearce, P.A. understands what is at stake in FINRA securities law matters and works tirelessly to secure the best possible result for you and your case. Attorney Pearce’s FINRA defense skills are highly regarded throughout New York and across the nation. For dedicated representation by an attorney with over 40 years of experience and success in all kinds of FINRA disputes serving New York citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889, or via e-mail.

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