Lee Bryan Taylor of Skippack Pennsylvania a stockbroker formerly registered with Purshe Kaplan Sterling Investments (PKS) has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Taylor failed to cooperate with FINRA’s investigation concerning his possible private securities transactions while associated with Purshe Kaplan Sterling Investments. Letter of Acceptance Waiver and Consent No. 2019064209301 (September 28, 2021).
The investigation into Taylor stems from a tip that FINRA received through its Securities Helpline for Seniors. This tip led the regulator to probe Taylor on possible private securities transactions while at Purshe Kaplan Sterling Investments. FINRA learned that Taylor might have made trades in customers’ outside accounts in exchange for compensation and that this was not authorized through PKS.
According to the AWC, on September 2, 2021, Taylor was asked by FINRA to provide information and documents so that it could evaluate whether he violated FINRA rules on selling way. Taylor was supposed to respond by September 16, 2021.
FINRA received a phone call from Taylor on September 17, 2021. He explained that he received its request and would not cooperate at any point in its investigation. FINRA found that Taylor violated Rules 2010 and 8210 for failing to comply.
Taylor was registered with Purshe Kaplan Sterling Investments between October 17, 2011, and September 28, 2021.