Igor Peter Kislitsa of Citrus Heights, California, a stockbroker formerly registered with PFS Investments Inc., has been suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Kislitsa failed to timely comply with a FINRA investigation concerning his involvement in customer accounts while registered with PFS Investments Inc. Letter of Acceptance Waiver and Consent No. 2020067014603 (June 17, 2022).
According to the AWC, between August 19, 2020, and September 9, 2020, Kislitsa was asked by FINRA to provide documents and information as it related to his termination as a stockbroker by PFS Investments Inc. The securities broker dealer relayed in a Form U5 (Uniform Termination Notice for Securities Industry Registration) that Kislitsa was discharged on June 22, 2020, based upon accusations of Kislitsa’s completion of customers’ investment applications without those customers having been present at the time their applications were completed.
Kislitsa’s response to FINRA’s request came on December 28, 2021, which was a year after the deadline. FINRA found that Kislitsa’s failure to timely cooperate with the investigation showed that he violated FINRA Rules 2010 and 8210.
FINRA Public Disclosure shows that a customer filed an investment related complaint concerning Kislitsa’s activities where the customer requested compensatory damages founded on allegations of Kislitsa’s failure to timely execute a customer’s rollover during the time that Kislitsa was associated with PFS Investments.
Kislitsa was registered with PFS Investments between July 6, 2015, and June 22, 2020.
