Barbara Jean Waters, of New York, New York, a stockbroker formerly registered with Morgan Stanley, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by consenting to findings that she failed to testify in a FINRA investigation concerning allegations that she provided false accounting documents to her firm. Letter of Acceptance, Waiver and Consent, No. 2015047719501 (Sept. 25, 2017).
According to the AWC, Morgan Stanley notified FINRA on November 3, 2015, that Waters was fired on October 5 ,2015, because she furnished phony expense report information to her firm. FINRA then investigated Waters’ alleged misconduct, requesting on November 3, 2015, that she provide recorded testimony to FINRA staff about allegations of her falsification of documents. Waters reportedly spoke with FINRA staff on July 25, 2017, and confirmed that she would at no point provide recorded testimony or otherwise assist FINRA in their inquiry. Consequently, FINRA found that Waters’ conduct was violative of FINRA Rules 2010 and 8210.
FINRA Public Disclosure reveals that Waters was previously fined and suspended by FINRA supported by allegations that she failed to communicate with FINRA staff; Waters did not provide information to FINRA about her business activities and obligations after the information was sought of her by FINRA. Case No. 2015047719501 (Apr. 7, 2016).
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