Do You Need a FINRA 8210 Defense Attorney?
You may have read that Jeffrey Allan Broten of Barnegat, New Jersey 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.
From February 2018 to August 2019, Jeffrey Allan Broten was registered with First Standard as a General Securities Representative. The firm later filed a Uniform Termination Notice (Form U5) disclosing that Broten had voluntarily terminated his registration. According to the findings, FINRA sent a request to Broten for on-the-record testimony in connection to alleged unsuitable and unauthorized trading. The findings state that Broten responded to FINRA through email stating that he allegedly received, acknowledged, and refused to provide the on-the-record testimony at any given time. Although Jeffrey Allan Broten is no longer registered or associated with a FINRA member firm he remains subject to FINRA’s jurisdiction.
FINRA Rule 8210(a)(1) states, in relevant part, that FINRA may require a person subject to its jurisdiction “to provide information orally, in writing, or electronically and to testify at a location specified by FINRA staff with respect to any matter involved in a FINRA investigation or examination.” FINRA Rule 8210(c) further states that “no person shall fail to provide information or testimony pursuant to this Rule.” A violation of FINRA Rule 8210 is also a violation of FINRA Rule 2010.
Unfortunately, Jeffrey Allan Broten 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 Barnegat, New Jersey 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 Jersey 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 Jersey citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889, or via e-mail.