Nicholas Randolph Radke Jr. of Irvine California a stockbroker formerly employed by American Independent Securities Group LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to provide FINRA with documentation and information in an investigation into accusations of Radke selling away from the firm. Letter of Acceptance Waiver and Consent No. 20180598999-01 (Dec. 4, 2018).
According to the AWC, a request had been made by FINRA on October 5, 2018 for Radke’s information and documentation to be provided to the regulator. Evidently, Radke was expected to cooperate by October 19, 2018. The AWC stated that FINRA sought information about Radke’s possible involvement in a private securities transaction, particularly whether Radke’s conduct had been approved by American Independent Securities Group.
Radke reportedly failed to furnish FINRA with the information and documentation by the deadline of October 19, 2018. Consequently, another request had been made by FINRA on October 22, 2018. The AWC stated that Radke was reportedly provided until November 15, 2018 to provide the documents and information to FINRA personnel. However, on November 12, 2018, Radke apparently confirmed with FINRA personnel that he would not be cooperating with FINRA’s request at any point. Radke reportedly failed to provide the information and documentation; conduct violative of FINRA Rule 2010 and 8210.
Radke’s registration with American Independent Securities Group LLC was terminated on May 30, 2018.
