Louis Paul Kreisberg of Brentwood Tennessee a stockbroker formerly registered with Wavecrest Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he neglected to comply with requests that FINRA made of him during the period that he was under investigation for potential private securities transactions. Letter of Acceptance Waiver and Consent No. 2019064980201 (June 3, 2021).
According to the AWC, on May 29, 2020, Kreisberg was being investigated by FINRA for private securities transactions. He was asked by the regulator to provide information and documents that related to these possible transactions. The AWC indicated that Kreisberg initially complied with FINRA but subsequently stopped cooperating.
FINRA indicated that some of the documents that it requested had not been provided by Kreisberg. The stockbroker failed to comply after FINRA discussed the missing documents with him. FINRA received a message from Kreisberg’s lawyer on April 27, 2021 confirming that Kreisberg would do no more for FINRA in the investigation. Kreisberg’s refusal to cooperate resulted in him being barred for violating FINRA Rules 2010 and 8210.
Kreisberg was associated with Wavecrest Securities between January 22, 2013 and April 29, 2020.
