Kenneth Paul Mulvaney of Norwell Massachusetts a stockbroker formerly employed by MHA Financial Corp has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that Mulvaney failed to cooperate with FINRA’s information requests. Case No. 2016050424501 (Aug. 21, 2017).
FINRA Public Disclosure reveals that Mulvaney was at first suspended on June 12, 2017 for failing to honor FINRA’s request for information. FINRA provided Mulvaney approximately three months to cooperate with the regulator either by providing the information requested of him or requesting that his suspension be lifted on other grounds. Apparently, Mulvaney failed to provide FINRA with sufficient documentation to end his suspension by the August 20, 2017 deadline. As a result, Mulvaney was barred by FINRA in all capacities on August 21, 2017.
In addition, on April 25, 2016, a customer filed an investment related complaint concerning Mulvaney’s activities where the customer requested unspecified damages founded on allegations that between 2013 and 2015, while Mulvaney was associated with MHA Financial Corp, he placed trades in the customer’s account on an excessive basis and invested the customer’s money in stock and over-the-counter equities that were inappropriate for the customer.
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