Bryce Patrick Jenney of Nashville Tennessee a stockbroker formerly registered with Raymond James Associates Inc. has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that (1) Jenney neglected to furnish documentation and information to FINRA when he was under investigation and (2) Jenney failed to testify in response to allegations of him advising customers to purchase or sell investments which were neither authorized for sale nor made available through Raymond James when Jenney was associated with the securities broker dealer. Department of Enforcement v. Bryce Patrick Jenney Disciplinary Proceeding No. 2018060216701 (Dec. 6, 2019).
According to the Complaint, on October 18, 2018, FINRA received word from Raymond James that Jenney was discharged by the securities broker dealer on September 19, 2018 founded on accusations of Jenney making recommendations of investments which Raymond James did not make available for customers. The Complaint stated that Jenney was issued a written request from FINRA on February 7, 2019 which called upon him to furnish documentation and information in regard to his allegedly unauthorized transactions. FINRA asked Jenney to detail his connection to the securities which he allegedly advised customers to purchase.
FINRA alleged that on February 26, 2019, a response was received by FINRA from Jenney which amounted to a two page statement in which the stockbroker categorically denied having advised customers about securities that were unavailable through Raymond James. Jenney purportedly denied having any documents that concerned the securities. FINRA determined that Jenney’s response was insufficient, so on July 15, 2019, the regulator required him to detail how he was connected to one or more companies which issued or offered the investments. The regulator asked Jenney to disclose his bank account and financial records too, according to the Complaint.
The Complaint stated that after an extension was sought and obtained by Jenney, he failed to comply with the new August 19, 2019 deadline. Allegedly, FINRA was made aware from Jenney’s legal counsel that in all likelihood, no information or documents would be provided by Jenney in response to FINRA’s July 2019 request. The regulator stated that no information or documentation has been provided by Jenney since then.
The Complaint stated that on September 12, 2019, Jenney was asked by FINRA to appear before the regulator and testify as to the allegations of his unauthorized transactions. Jenney was warned at this time that his failure to make an appearance would be grounds for a disciplinary proceeding and sanctions which could include a fine, suspension or bar from the securities industry. On October 15, 2019, Jenney’s legal counsel supposedly informed FINRA that Jenney would not make any appearance as part of the investigation. The Complaint stated that Jenney was uncooperative and violated FINRA Rules 2010 and 8210.
