Angelina Ozlem Todurge, of Palm Beach, Florida, a stockbroker formerly registered with J.P. Morgan Securities LLC, has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that she obstructed a FINRA investigation into allegations that she converted funds. Letter of Acceptance, Waiver and Consent, No. 2016051002701(Apr. 17, 2017).
According to the AWC, on August 15, 2016, J.P. Morgan Securities notified FINRA that Todurge’s registration was terminated by the firm based upon allegations that she did not report third party funds that had been received by her, where the funds were placed inside her own bank account. The AWC revealed that an investigation was launched by FINRA in this regard, particularly in reference to Todurge’s alleged conversion of $13,000.00. Apparently, on January 23, 2017, Todurge was sent a letter by FINRA, based on Rule 8210, which requested that she provide FINRA with information and documentation pertaining to the allegations by January 31, 2017.
The AWC stated that Todurge failed to respond to FINRA’s first request, resulting in FINRA sending another request to Todurge. Todurge failed to respond on February 14, 2017 – the due date in which information and documentation was to be disclosed to FINRA. Rather, on February 14, 2017, Todurge spoke with FINRA staff to indicate that she received the request but would not be providing the information at any point. Consequently, FINRA found that Todurge’s failure to cooperate was conduct violative of FINRA Rule 2010 and 8210.
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