Gregory Allen Zale of Mesa Arizona a stockbroker formerly employed by LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that Zale failed to provide FINRA with information requested of him. Case No. 2016050228801 (Mar. 17, 2017).
According to FINRA Public Disclosure, Zale’s activities were examined by FINRA personnel in 2016, following Zale’s termination from LPL Financial. Specifically, LPL Financial discharged Zale on May 3, 2016 founded on accusations that Zale did not cooperate with requests from the firm’s compliance department.
What they were investigating FINRA and LPL offer no clue.
FINRA reportedly issued Zale a Notice of Suspension on December 14, 2016. Zale was then suspended on January 9, 2017. By this point, Zale was apparently informed that by continuing to fail to cooperate with FINRA’s requests, Zale would be automatically barred by March 16, 2017. Zale evidently failed to furnish the information that FINRA requested of him by the deadline imposed. Consequently, FINRA barred him on March 17, 2017.
