Jonathan Scot Zwickel submitted a Letter of Acceptance, Waiver and Consent (AWC) to the Financial Industry Regulatory Authority (FINRA) in which he was barred for failing to appear for on-the-record testimony in violation of FINRA Rules 8210 and 2010.
In January 2011, Jonathan Scot Zwickel joined Clinger & Co. as a General Securities Representative and General Securities Principal. According to the FINRA findings, Zwickel remained with Clinger until the firm was expelled in 2020 and his association was terminated. The findings stated that FINRA opened an investigation and sent a request for on-the-record testimony as to whether Zwickel engaged in an undisclosed outside business activity. The findings also stated that Zwickel allegedly acknowledged the misconduct but ultimately refused to appear for on-the-record testimony during his phone conversation with FINRA staff. Jonathan Scot Zwickel is no longer associated with any FINRA member firm but remains under FINRA’s jurisdiction.
FINRA Rule 8210 authorizes FINRA, in the course of its investigations, to require persons over whom FINRA possesses 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 the investigation.” FINRA Rule 2010 provides that “[a] member, in the conduct of its business, shall observe high standards of commercial honor and just and equitable principles of trade.”
Without admitting or denying FINRA’s findings, Jonathan Scot Zwickel was barred from association with any FINRA member in all capacities.
Stockbrokers have been known to engage in many practices that may violate industry and firm rules, practices, and procedures. In order to protect investors from stockbroker misconduct, FINRA rules require brokerage firms to establish and implement a supervisory system. The implementation of these industry rules requires supervisors to monitor their employees to ensure compliance 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 fail to establish and implement these protective measures, they may be liable to investors for damages which flow from the broker’s misconduct. Therefore, investors who have suffered losses stemming from misconduct by their broker can file claims to recover damages against broker-dealers, like Clinger & Co., which should consistently oversee its brokers’ activities in order to prevent the above-described misconduct.
Have you suffered losses in your Clinger & Co. account due to misconduct by your broker? Was Jonathan Scot Zwickel your stockbroker? 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 Clinger & Co. stockbrokers who may have engaged in broker misconduct and caused investors’ losses.
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 40 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 visit our website, www.secatty.com, post a comment, call (800) 732-2889, or email Mr. Pearce at firstname.lastname@example.org for answers to any of your questions about this blog post and/or any related matter.