Matthew Kerby, of Paoli, Indiana, a stockbroker formerly registered with Edward Jones, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he failed to cooperate in a FINRA investigation into accusations that Kerby converted funds from a customer. Letter of Acceptance, Waiver and Consent, No. 2017056495801 (Jan. 16, 2018).
According to the AWC, Kerby was fired from Edward Jones on November 9, 2017, founded on allegations that Kerby misused the customer’s funds for his own benefit. Apparently, on December 28, 2017, FINRA requested that Kerby provide information and documentation relating to the accusations cited by Edward Jones.
FINRA evidently received a phone call from Kerby’s counsel on January 4, 2018, indicating that Kerby understood what FINRA sought from him but would at no time be cooperating by providing any documentation or information. FINRA ultimately determined that Kerby’s refusal to cooperate with FINRA’s request was conduct violative of FINRA Rules 2010 and 8210.
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