Kirsten Flynn Hawkins of Staunton, Virginia, submitted an Acceptance, Waiver and Consent (AWC) to, settle violations of Financial Industry Regulatory Authority (FINRA) Rule 8210 for failing to provide the documents and information requested in connection with a FINRA investigation.
Ms. Hawkins voluntarily resigned from the securities industry with FINRA on November 13, 2014, and her registration with FINRA was terminated on December 10, 2014. As of now, Ms. Hawkins is not associated with a FINRA member firm, but still remains subject to FINRA’s jurisdiction pursuant.
Shortly after her resignation, FINRA began an investigation into allegations that Ms. Hawkins converted approximately $500,000 from a SunTrust customer. Ms. Hawkins refused to provide the required documents and information, causing her to violate FINRA Rules.
According to FINRA, the investigation involved allegations that Ms. Hawkins converted approximately $500,000, from a SunTrust customer. FINRA requested that Ms. Hawkins provides the required documents and information about this investment, and because she refused to do so she violated FINRA Rules 8210 and FINRA Rule 2010 which states that a member, in the conduct of its business, shall observe high standards of commercial honor and just and equitable principles of trade.
Stockbrokers and other financial industry professionals have been known to engage in different types of misconduct which violate industry and firm rules, practices, and procedures. In order to protect customers from stockbroker misconduct, FINRA rules require broker dealers to establish and implement a supervisory system. The implementation of these rules require supervisors to monitor employees to ensure they comply with federal and state securities laws, securities industry rules and regulations, and the brokerage firm’s own policies and procedures. If broker dealers and/or their supervisors do not establish and implement these protective measures, they may be a liable to investors for damages flowing from the misconduct. As a result, investors who have suffered losses because of their stockbroker’s prohibited conduct can file a claim to recover damages against broker dealers like SunTrust Investment services, which should consistently oversee its employees in order to prevent stockbroker misconduct.
Have you suffered losses in your SunTrust Investment Services account due to your stockbroker’s prohibited conduct? If so, call Robert Pearce at the Law Offices of Robert Wayne Pearce, P.A. for a free consultation. Mr. Pearce is accepting clients with valid claims against SunTrust Investment Services stockbrokers for and/or other unauthorized and illegal conduct.
The most important of investors’ rights is the right to be informed! This Investors’ Rights blog post is by the Law Offices of Robert Wayne Pearce, P.A., located in Boca Raton, Florida. For over 33 years, Attorney Pearce has tried, arbitrated, and mediated hundreds of disputes involving complex securities, commodities, and investment law issues. The lawyers at our law firm are devoted to protecting investors’ rights throughout the United States and internationally! Please post a comment, call (800) 732-2889, send Mr. Pearce an email at firstname.lastname@example.org, and/or visit our website at www.secatty.com for answers to any of your questions about this blog post and/or any related matter.