Kittiany Davis Barrios, a former stockbroker with PFS Investments Inc. in Cranbury, New Jersey, was barred by Financial Industry Regulatory Authority (FINRA) on October 17, 2024. The bar resulted from Davis Barrios’s refusal to provide documents, information, and on-the-record testimony during a FINRA investigation, violating FINRA Rules 8210 and 2010. Letter of Acceptance, Waiver, and Consent (AWC) No. 2023080015802.
The investigation began following a FINRA Rule 4530(f) filing by PFS Investments, which reported a civil complaint filed by a customer against the securities broker dealer. Initially, Davis Barrios cooperated but stopped in September 2024. On August 9, 2024, FINRA requested documents and scheduled her testimony for September 18, 2024. After receiving no response, FINRA sent a second request on September 10, 2024. On September 11, 2024, Davis Barrios confirmed her refusal to comply with FINRA’s requests.
As a result, FINRA issued a permanent bar, effective October 17, 2024, preventing Davis Barrios from associating with any FINRA member firm in any capacity.
Barrios had been allowed to resign from PFS Investments on January 26, 2024, during an internal review regarding her potential involvement in undisclosed outside business activities and private securities transactions. She was registered with PFS Investments Inc. from March 15, 2019, to February 22, 2024.
