Joseph Corey Quintons, of Alpharetta, Georgia, a stockbroker formerly registered with NYLife Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Quintons failed to cooperate during an investigation into his potential violations of FINRA rules relating to regulatory disclosures. Letter of Acceptance, Waiver, and Consent No. 2022075403801 (Sept. 5, 2023).
According to the AWC, FINRA carried out the investigation to ascertain whether Quintons had failed to disclose information on his Form U4 (Uniform Application for Securities Industry Registration or Transfer). As part of this investigation, FINRA sent Quintons a request for documents and information on April 19, 2023, under FINRA Rule 8210. After failing to receive an adequate response, FINRA issued a second request on June 5, 2023, notifying the stockbroker that his lack of response constituted a violation of regulatory rules.
Quintons finally partially responded to FINRA’s requests on June 21, 2023. However, the response was incomplete. In a phone conversation with FINRA on July 21, 2023, he acknowledged receiving both the initial and follow-up requests from the regulator but declared he would not be providing the remaining documents and information that had been requested. Therefore, Quintons was in violation of FINRA Rules 2010 and 8210.
This is not the first time that Quintons has been the subject of a regulatory action. He was ordered by Georgia Department of Banking and Finance to cease and desist activities that violated Georgia Residential Mortgage Act based upon allegations that he made misrepresentations or omissions of material fact relating to mortgage transactions during the time that he was associated with Advent Mortgage Inc. Georgia Department of Banking and Finance Case No. OSAH-DBF-MBL-0702586-75-Gatto.
Quintons was associated with NYLife Securities as a stockbroker between April 21, 2022, and September 16, 2022. He was permitted to resign based upon allegations of his failure to disclose information on his Form U4.
