Leona Lynn Parsons of Imperial Beach California a stockbroker formerly employed by J.P. Morgan Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that she failed to cooperate with FINRA personnel in an investigation into Parsons’ alleged unauthorized withdrawals from a customer’s account. Letter of Acceptance Waiver and Consent No. 2018057498301 (May 23, 2018).
According to the AWC, in February of 2018, FINRA was notified by J.P. Morgan Securities LLC that Parsons had been discharged based upon accusations that she (1) effected withdrawals from a customer’s account and failed to provide all of the funds to the customer and (2) furnished withdrawal forms containing signatures of the customer which were not authentic.
The AWC stated that on May 8, 2018, Parsons was sent correspondence from FINRA seeking that Parsons provide recorded testimony on May 18, 2018 in reference to J.P. Morgan’s basis for terminating her. The AWC stated that Parsons e-mailed FINRA personnel on May 9, 2018 to confirm that she received FINRA’s request but would not testify in FINRA’s investigation. FINRA found that Parsons’ refusal to cooperate was violative of FINRA Rules 2010 and 8210.
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