Johnathan Paul Hagood, of Los Angeles, California, a stockbroker registered with Wells Fargo Clearing Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Hagood failed to respond to FINRA requests for information. FINRA Case No. 2023077635001 (January 8, 2024).
On October 3, 2023, FINRA initiated a regulatory action against Hagood due to his failure to respond to requests for information as required under FINRA Rule 9552(h). Despite being given until January 8, 2024, to request the termination of his suspension, Hagood did not comply. Therefore, based on FINRA’s Notice of Suspension dated October 3, 2023, and the Suspension from Association letter dated October 30, 2023, Hagood was automatically barred indefinitely, starting January 8, 2024.
FINRA Public Disclosure shows that Hagood is referenced in three customer initiated investment related disputes concerning Hagood’s conduct while associated with securities broker dealers. On March 10, 2023, a customer initiated investment related FINRA securities arbitration claim involving Hagood’s conduct was settled for $87,500.00 in damages based upon allegations that Hagood engaged in unsuitable and unauthorized trading during the period that Hagood was associated with Wells Fargo Clearing Services LLC. FINRA Arbitration No. 22-01906.
Hagood is also referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested more than $150,000.00 in damages based upon allegations that Hagood engaged in unauthorized trading when Hagood was associated with Wells Fargo Clearing Services LLC. FINRA Arbitration No. 22-01906 (August 23, 2022).
On December 20, 2022, Wells Fargo Clearing Services LLC discharged Hagood based upon allegations that Hagood communicated with a customer by personal text message, failed to orally confirm certain trades in the customer’s account before executing those transactions, and sent the same customer money to avoid a complaint.
Hagood was associated with Wells Fargo Clearing Services LLC in Los Angeles, California from September 14, 2017, to January 18, 2023.
