Kevin James Lee of Lake Oswego Oregon is a stockbroker formerly registered with Martin Nelson and Co. Inc. who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate with FINRA’s investigation into allegations of his undisclosed outside business activity. Letter of Acceptance Waiver and Consent No. 2017056157801 (Apr. 11, 2018).
According to the AWC, an examination had been conducted by FINRA with regard to the payments a customer provided him. FINRA attempted to assess if Lee took part in an outside business activity that had not been disclosed to Martin Nelson and Co. Inc., as well as whether Lee committed other infractions of FINRA rules. The AWC stated that on November 20, 2017, Lee was sent a letter from FINRA personnel which called upon him to provide documentation and information to FINRA personnel as part of its investigation into his activities. Evidently; however, Lee neglected to provide FINRA with a response by the December 2, 2017 deadline.
The AWC stated that on December 4, 2017, FINRA submitted another request to Lee for the documentation and information. On January 30, 2018, Lee reportedly furnished a response to FINRA that was incomplete. Consequently, FINRA reached out to Lee again on February 1, 2018, requesting that Lee furnish the missing documentation and information to FINRA and provide additional information for FINRA’s review. The AWC stated that Lee again failed to fully respond to FINRA, prompting FINRA to make a final request for the information and documentation on February 26, 2018. Lee reportedly failed to comply.
The AWC stated that counsel for Lee reached out to FINRA on March 14, 2018 to confirm that FINRA’s requests had been received by Lee but that Lee would at no point be providing tax returns sought by FINRA. Consequently, FINRA found Lee to have violated FINRA Rules 2010 and 8210.
Lee’s employment with Martin Nelson & Co., Inc. was terminated on April 7, 2017.
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