Andrew Scott Jensen of Atlanta Georgia a stockbroker formerly employed by Hornor Townsend Kent Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that Jensen neglected to provide information to FINRA after it was formally requested of him by the regulator. Case No. 2016049110601 (Nov. 21, 2016).
FINRA Public Disclosure reveals that Jensen was issued a Notice of Suspension on August 17, 2016 for failing to comply with FINRA’s requests for his information. Subsequently, on September 14, 2016, Jensen’s suspension went into effect. FINRA reportedly informed Jensen by the time he was suspended that he could be barred in all capacities for failing to request that his suspension be terminated by November 20, 2016. FINRA reported that Jensen neglected to respond to its personnel by the deadline imposed. Consequently, Jensen was barred by FINRA in all capacities on November 21, 2016.
FINRA may have been inquiring into the basis behind Jensen’s back to back terminations from FINRA member broker firms – Jensen’s only two employers in the securities industry. Particularly, FINRA Public Disclosure confirms that Jensen was employed with AXA Advisors, LLC between August 27, 2010 and October 12, 2015 – at which point AXA Advisors terminated Jensen’s registration based upon accusations that he did not document information about the suitability of customers’ investment purchases, and failed to obtain the necessary documents in regard to customers’ investment transactions; conduct violative of AXA Advisors’ procedures and policies.
Jensen was registered with Hornor Townsend & Kent Inc. between October 22, 2015 and March 3, 2016 – at which time the firm discharged him supported by allegations that Jensen did not inform Hornor Townsend Kent about his failure to comply with AXA Advisors and the basis behind his termination from the firm.
