Neil Walter Koch of Minneapolis, Minnesota, a stockbroker formerly registered with American Enterprise Investment Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Koch refused to give documents and information to FINRA during an investigation into the circumstances of Koch’s employment termination by American Enterprise Investment Services. Letter of Acceptance, Waiver, and Consent No. 2022074162901 (June 28, 2022).
According to the AWC, FINRA launched an investigation into Koch following its receipt of a Form U5 (Uniform Termination Notice for Securities Industry Registration) from American Enterprise Investment Services. This Form U5 shows that Koch was discharged as a stockbroker based upon the alleged violation sof company policy relating to his activities away from the securities broker dealer.
According to the AWC, on April 8, 2022, FINRA asked Koch to provide documents and information in response to the allegations against him. FINRA states that Koch did not respond. By April 25, 2022, a second request had been made by FINRA. Koch spoke with FINRA between April 13, 2022, and June 10, 2022, relaying that he would not provide any documents or information in the investigation. FINRA found that Koch’s refusal to cooperate showed that he violated Rules 2010 and 8210.
Koch was registered with American Enterprise Investment Services between July 16, 2015, and February 16, 2022.
