John A. Coleman, of Pittsburgh, Pennsylvania, a stockbroker for Geneos Wealth Management, Inc., was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he failed to cooperate in a FINRA investigation into allegations of non-disclosure of outside business activities. Letter of Acceptance, Waiver and Consent, No. 2016048859001 (June 6, 2016).
According to the AWC, FINRA reached out to Coleman amid allegations that Coleman did not disclose an outside business activity to which he was involved while working at Geneos Wealth Management Inc. On April 14, 2016, FINRA personnel requested that Coleman provide recorded testimony, per FINRA Rule 8210.
Apparently, Coleman’s counsel acknowledged FINRA’s request in a May 24, 2016 e-mail, and confirmed that Coleman would not be cooperating by providing recorded testimony for FINRA at any point. FINRA found Coleman’s failure to testify to be violative of FINRA Rule 8210 and 2010, which led to his permanent bar.
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.