James Blake Daughtry of Dothan Alabama a stockbroker formerly registered with Kestra Investment Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate with a FINRA investigation into allegations of his possible unauthorized transactions and fraudulent activities in the accounts of customers. Letter of Acceptance Waiver and Consent No. 2020065293201 (Mar. 18, 2020).
According to the AWC, Daughtry became the subject of a FINRA investigation in 2020. The regulator’s probe concerned potential transactions effected by Daughtry without permission from customers. FINRA determined that Daughtry possibly defrauded customers through these transactions.
On February 21, 2020, the stockbroker was instructed by FINRA to make an appearance and provide recorded testimony as this was a condition of him complying with FINRA Rule 8210. On March 3, 2020, FINRA received word from Daughtry’s legal counsel that the stockbroker received the request but would not be showing up to testify for FINRA. Daughtry’s refusal to cooperate in FINRA’s investigation was violative of FINRA Rules 2010 and 8210 which led to him being barred by the regulator in all capacities.
Daughtry was registered with Ameriprise Financial Services Inc. between October 15, 2010 and February 20, 2015. He was registered with Kestra Investment Services between February 18, 2015 and March 18, 2020.
