Cladius Olaniran Tokunboh, of Lewisville, Texas, a stockbroker previously registered with TIAA-CREF Individual and Institutional Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Tokunboh failed to provide testimony when the regulator investigated his potential outside business activities. Letter of Acceptance, Waiver, and Consent No. 2022075617701 (December 13, 2023).
During an investigation into undisclosed outside business activities, FINRA requested testimony from Tokunboh under FINRA Rule 8210. On December 13, 2023, in response to the request, Tokunboh confirmed, via email to FINRA, his refusal to appear for the requested testimony. He confirmed that he would not cooperate in the investigation at any time. By refusing, Tokunboh violated FINRA Rules 8210 and 2010.
Tokunboh was associated with TIAA-CREF Individual and Institutional Services LLC in Lewisville, Texas from July 28, 2015, to July 14, 2022. FINRA Public Disclosure shows that TIAA-CREF discharged him as a stockbroker during the time that he was investigated for possibly failing to disclose outside business activities.
