You may have read that Kathleen M. Bott of Spokane, Washington 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 January 2008, Kathleen M. Bott joined D.A. Davidson and became registered as a General Securities Principal. The firm later filed a Uniform Termination Notice (Form U5) in February 2020, disclosing that Bott had resigned when they learned that she was facing theft charges. According to the findings, FINRA sent a request to Bott for information, including bank account documents during an investigation into the alleged misconduct. The findings stated that Bott had acknowledged the request but ultimately failed to provide the bank statements within the given deadline. The findings further state that Bott had later responded to FINRA in and email and during a phone call, stating that she allegedly refused to provide any information or documents at any given time. Although Kathleen M. Bott is no longer associated with a FINRA member, she remains subject to FINRA’s jurisdiction.
Do You Need a FINRA 8210 Defense Attorney?
FINRA Rule 8210(a) provides that FINRA has the right to “require a 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.” Rule 8210(c) provides that “no member or person shall fail to provide information pursuant to this Rule.” A failure to comply with FINRA Rule 8210 is also 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,Kathleen M. Bott 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 Spokane, Washington 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 Washington 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 Washington citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889, or via e-mail.