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.