Sign of the Financial Industry Regulatory Authority

Kwasi Mensah Aggor of Providence Rhode Island a stockbroker formerly registered with TD Ameritrade Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he neglected to cooperate with FINRA’s investigation into allegations of him selling away from TD Ameritrade. Letter of Acceptance Waiver and Consent No. 2018060383401 (Apr. 17, 2020).

According to the AWC, Aggor was terminated by TD Ameritrade on October 31, 2018 based upon allegations that he neglected to abide by the policies of the firm as it pertained to the stockbroker’s reporting of outside business activities. An investigation into Aggor’s activities commenced by FINRA after it learned of the stockbroker’s termination from TD Ameritrade.

On February 28, 2020, Aggor’s legal counsel had been provided a letter from FINRA indicating that the regulator wanted Aggor to testify as part of FINRA’s investigation into his possible private securities transactions involving a customer of TD Ameritrade. Allegedly, the transactions were handled through an outside business that Aggor never disclosed to the securities broker dealer.

Department of Enforcement received a response from Aggor’s legal counsel on March 26, 2020 which confirmed that Aggor would not testify at any point. FINRA determined that Aggor’s failure to cooperate in this respect constituted violations of Rules 2010 and 8210.