Deborah Elizabeth Greenlee-Keck, of Mishawaka, Indiana, a stockbroker formerly registered with J.P. Morgan Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on allegations that Greenlee-Keck obstructed a FINRA investigation into allegations of her improper conduct concerning a financial transaction with a customer of the firm. Letter of Acceptance, Waiver and Consent, No. 2015046299801 (Oct. 20, 2017).
According to the AWC, Greenlee-Keck was terminated by J.P. Morgan Securities LLC on July 23, 2015, where the firm later informed FINRA on November 10, 2015, that Greenlee-Keck’s termination had been based on allegations of her misconduct stemming from a financial transaction that Greenlee-Keck effected with someone who eventually became a customer of the firm. Specifically, the firm alleged that Greenlee-Keck used the customer’s funds to pay a bank affiliate customer’s credit card balance.
The AWC stated that from April of 2016, to August of 2017, FINRA sought documentation and information from Greenlee-Keck, according to Rule 8210, to investigate allegations of her wrongdoing that J.P. Morgan Securities LLC eluded to in its November 10, 2015 disclosure. Apparently, Greenlee-Keck furnished limited information to FINRA, only partially fulfilling the requests for information made by the regulator.
The AWC stated that on August 17, 2017, Greenlee-Keck was called upon by FINRA to provide more information and documentation by August 31, 2017. Yet, on August 31, 2017, the day in which Greenlee-Keck responded, she again failed to fully address FINRA’s inquiry. Evidently, FINRA contacted Greenlee-Keck in that regard and imposed a deadline of September 11, 2017, for Greenlee-Keck to cooperate. Greenlee-Keck failed to respond, causing FINRA to find Greenlee-Keck’s conduct violative of FINRA Rules 2010 and 8210.
Following Greenlee-Keck’s termination from J.P. Morgan Securities LLC, she was employed by Wells Fargo Advisors, LLC from June 26, 2015, to October 29, 2015, at which point she was fired for failing to disclose, at the commencement of her employment, that she was previously under internal review by J.P. Morgan Securities. Wells Fargo Advisor indicated that it would not have pursued Greenlee-Keck’s employment if it knew about Greenlee-Keck’s alleged transgression.
FINRA Public Disclosure reveals that Greenlee-Keck was ordered to pay Wells Fargo Advisors $327,521.45 in compensatory damages. In the Matter of the Arbitration Between Wells Fargo Advisors, LLC v. Deborah E. Greenlee-Keck, Case No. 16-01158. A week prior to imposing a permanent bar on Greenlee-Keck, FINRA suspended her in all capacities on October 13, 2017, based on allegations of her failure to communicate with FINRA as to whether she was in compliance with the arbitration award.
Greenlee-Keck has also been subject of a customer initiated investment related written complaint on March 28, 2011, in which the customer requested $32,314.00 in damages based upon allegations of misrepresentation and suitability relating to the customer’s managed account investments during the time that Greenlee-Keck was associated with Chase Investment Services Corp.
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