Charlotte A. Guin of Houston TX, a former general securities representative with J.P. Morgan Securities LLC, was barred from association with any FINRA-registered firm in all capacities after failing to provide information and documentation in connection with FINRA’s investigation into allegations that Guin converted the funds of a non-Firm customer. FINRA Letter of Acceptance, Waiver, and Consent No. 2015045263801 (Aug. 5, 2015).
According to the AWC
FINRA, pursuant to Rule 8210, sent Guin multiple requests to provide information in connection with an investigation that Guin converted funds from a non-Firm customer. The AWC indicates that after Guin failed to provide the requested documents after the second deadline, Guin’s counsel spoke with FINRA and confirmed that while Guin had received the requests to provide information, that she would not be producing information and documentation at any point. Consequently, according to the AWC, Guin’s failure to satisfy FINRA’s requests resulted in violations of FINRA Rule 2010 and 8210. Guin was barred by FINRA as a result.
FINRA registered representatives like Guin who do not cooperate with FINRA’s investigations often face a permanent bar from practicing in the securities industry as such lack of cooperation violates FINRA’s Rule 8210 – requiring that no member or person shall fail to provide information or testimony or permit an inspection and copying of books, records, or accounts pursuant to the rule. FINRA typically accompanies a Rule 8210 violation with a Rule 2010 violation when individuals, according to FINRA, do not appear to observe high standards for commercial honor and just and equitable principles of trade.
FINRA Public Disclosure Records
Public disclosure records reveal that prior to being permanently barred by FINRA, Guin had been terminated (discharged) by J.P. Morgan Securities LLC after Guin was alleged to have potentially recommended an unapproved outside investment to a client that was not disclosed to the firm.
Guiliano Law Group
If you have been the victim of securities fraud and you have a complaint, you should consult with an attorney. The practice of Nicholas J. Guiliano, Esq., and The Guiliano Law Group, P.C., is limited to the representation of investors in claims for fraud in connection with the sale of securities, the sale or recommendation of excessively risky or unsuitable securities, breach of fiduciary duty, and the failure to supervise. We accept representation on a contingent fee basis, meaning there is no cost unless we make a recovery for you, and there is never any charge for a consultation or an evaluation of your claim. For more information contact us at (877) SEC-ATTY.