Enoch Stanley Booth of Columbia South Carolina a stockbroker formerly registered with Valic Financial Advisors Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he failed to cooperate with a FINRA investigation in regard to his potential private securities transactions when he was associated with Valic Financial Advisors. Letter of Acceptance Waiver and Consent No. 2021069207301 (July 20, 2021).
According to the AWC, Valic Financial Advisors reported to FINRA that Booth’s registration as stockbroker was terminated supported by accusations that Booth executed a series of private securities transactions. The securities broker dealer also alleged that a self-directed individual retirement account was not disclosed, and neither were arrangements with customers. This all violated Valic Financial Advisors’ policy.
The AWC stated that on June 29, 2021, Booth was asked by FINRA to provide documents relating to the allegations that his employer made about him. Booth was made aware from FINRA that his failure to comply while under investigation could result in sanctions being assessed against him which could include his expulsion as stockbroker. Booth confirmed for the regulator on June 29, 2021 that he received its request and would not cooperate with it. The stockbroker violated FINRA Rules 2010 and 8210 for failing to provide the requested documents to FINRA.
Booth was registered with Valic Financial Advisors between May 3, 2001 and December 18, 2020.