Jordan Palmer John of Omaha, Nebraska, a stockbroker formerly registered with TD Ameritrade Inc., is the subject of an enforcement action initiated by Financial Industry Regulatory Authority (FINRA) in which the regulator is seeking sanctions against John based upon allegations that John failed to cooperate in a FINRA investigation. Department of Enforcement v. Jordan Palmer John, No. 2021071672302 (Sept. 7, 2022).
According to the Complaint, FINRA started an investigation into John in June 2021 concerning the reason that Ameritrade terminated him as a stockbroker. FINRA states that on June 15, 2021, a Uniform Termination Notice for Securities Industry Registration (known as a Form U5) was filed with FINRA by Ameritrade. The securities broker dealer disclosed that John failed to behave consistently with its Code of Business Conduct and Ethics with regard to John’s activities in a brokerage account.
John allegedly did not respond to FINRA’s request for a statement concerning his termination. FINRA states that on July 16, 2021, it sent another request to John. John did not respond.
John was then suspended from associating with any FINRA member in any capacity based upon allegations that he failed to respond to FINRA’s request for information. He was warned that the suspension would be effective until he complied with FINRA’s requests, and that his failure to respond going forward could result in FINRA barring him from associating with FINRA member firms in all capacities.
The Complaint states that John violated FINRA Rules 2010 and 8210 because he failed to provide documents and information in the investigation.
From 2020 to 2021, John was associated with TD Ameritrade Inc. From 2018 to 2020, he was associated with Wells Fargo Clearing Services.
