Alexander Vesneske of Amherst New York a stockbroker formerly registered with MT Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that Vesneske failed to cooperate with a FINRA investigation where the regulator tried to determine if he violated FINRA rules while registered with MT Securities. Letter of Acceptance Waiver and Consent No. 2020068377301 (July 20, 2021).
According to the AWC, on October 20, 2020, FINRA received confirmation from MT Securities that Vesneske was terminated as stockbroker because he allegedly violated MT’s policy regarding the use or alleged abuse of a Power of Attorney granted by a family member. The AWC stated that on May 18, 2021, FINRA requested for Vesneske to make an apperance to testify in response to the accusations made against him by his former employer. The stockbroker did not comply. He told the regulator he got its request and that he would not testify at any point in the investigation. Vesneske violated FINRA Rules 2010 and 8210 for this reason.
FINRA Public Disclosure states that when Vesneske was discharged by MT Securities, the firm alleged that he used another person’s assets for his own benefit. Vesneske was registered with MT Securities between January 14, 2016 and October 20, 2020.
