Barry Jin (also known as Boqian Jin) of New York New York a stockbroker formerly employed by Spartan Capital Securities has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity on May 30, 2019 based upon allegations that he failed to comply with a settlement agreement or arbitration award.
This is not the first time that Jin has been sanctioned by FINRA. In fact, Jin has been barred by FINRA as of April 21, 2017 founded on allegations of the stockbroker’s failure to provide FINRA with information that had been requested of him. According to FINRA Public Disclosure, information was sought from Jin by FINRA following his disclosures of customer disputes. The regulator issued Jin a Notice of Suspension on January 6, 2017 and then issued a Suspension from Association letter to him on January 30, 2017. Jin was provided with three months from the Notice of Suspension to get FINRA to terminate the suspension on the grounds of his cooperation. Jin’s response was not provided by the April 20, 2017 deadline so he was automatically barred the following day.
FINRA Public Disclosure confirms that Jin has been identified in five additional customer initiated investment related disputes concerning accusations of his misconduct while employed by securities broker dealers including PHX Financial, Aegis Capital Corp and Spartan Capital Securities. On November 12, 2015, a customer initiated investment related complaint concerning Jin’s activities was settled for $24,250.00 in damages supported by allegations that trades of over-the-counter equities had been executed in the customer’s account without the customer’s knowledge or consent when Jin was associated with Aegis Capital Corp.
Another customer initiated investment related complaint pertaining to Jin was resolved for $20,000.00 in damages on March 3, 2016 based upon accusations that unauthorized transactions were effected in the customer’s account causing the Aegis Capital Corp customer to experience losses on over-the-counter equities. The stockbroker is the subject of a customer initiated investment related complaint which was settled on November 29, 2016 for $9,614.00 in damages founded on allegations of bad common and preferred stock transactions executed by Jin at Spartan Capital Securities.
Jin is also the subject of a customer initiated investment related arbitration claim which was resolved for $13,422.00 in damages supported by accusations of Jin’s options trades being facilitated without the customer’s permission.
Since May 10, 2007, Jin has been associated with seven different securities broker dealers, two of which have been expelled by regulators for violation of federal securities laws or are otherwise defunct.
