You may have read that Sean Michael Refsnider of Collingswood, 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.
Do You Need a FINRA 8210 Defense Attorney?
In February 2004, Sean Michael Refsnider joined Ameriprise and became registered as a General Securities Representative. Ameriprise later filed a Uniform Termination Notice (Form U5) disclosing that he had been terminated due to alleged misconduct. According to the findings, FINRA began an investigation into whether Refsnider had converted an elderly customers funds in the amount of $42,000 and used the funds for his personal expenses. The findings state that on three separate occasions, FINRA sent a request to Refsnider for documents and information in connection with the investigation, however, he failed to timely respond or request an extension to the deadline. Although Refsnider is no longer registered or associated with a FINRA member firm, he remains subject to FINRA’s jurisdiction.
FINRA Rule 8210(a) requires 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 [an] investigation” FINRA Rule 8210(c) similarly provides that “[n]o member or person shall fail to provide information or testimony pursuant to this Rule.” A failure to comply with a request for information pursuant to FINRA Rule 8210 is also a violation of FINRA Rule 2010.
Unfortunately, Sean Michael Refsnider 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 Collingswood, 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.
Robert Wayne Pearce
Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $140 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.
Rate this Post
Loading...