Gerald Lee Brodsky of New York New York a stockbroker formerly registered with Dinosaur Financial Group L.L.C. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Brodsky failed to cooperate with an investigation concerning his outside business activities. Letter of Acceptance, Waiver and Consent No. 2019061083602 (Aug. 29, 2019).
According to the AWC, Brodsky was sent a letter from FINRA personnel on May 17, 2019 calling upon him to provide information and documentation to the regulator as part of an investigation into of his outside business activities. Apparently, Brodsky was expected to cooperate with FINRA under Rule 8210 by providing a response no later than May 31, 2019.
The AWC stated that Brodsky obtained legal counsel who procured an extension from FINRA allowing Brodsky until June 14, 2019 to produce the information and documentation. Brodsky provided a response to FINRA on June 14, 2019 but it did not address FINRA’s request in full. Apparently, FINRA was subsequently made aware from Brodsky’s legal counsel that Brodsky was not willing to provide any additional documentation to FINRA in the course of the investigation into his outside business activities. FINRA found Brodsky’s conduct violative of FINRA Rules 2010 and 8210, which resulted in him being barred from the securities industry.
Brodsky’s registration with Dinosaur Financial Group L.L.C. has been terminated as of October 19, 2016. The AWC stated that Brodsky attempted to register with John W. Loofbourrow Associates Inc. on September 7, 2018 but his registration was not authorized by FINRA. Brodsky has been associated with at least one securities broker dealer who has been expelled by a securities regulator for violation of federal securities laws or who is otherwise defunct.
