Pavel Shklyar of Norwood New Jersey is a stockbroker formerly registered with J.P. Morgan Chase Bank who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he obstructed FINRA’s investigation into accusations of Shklyar’s private securities transactions. Letter of Acceptance Waiver and Consent No. 2017052725301 (Feb. 28 2018).
According to the AWC, Shklyar was investigated by FINRA in regard to having possibly sold away from his firm. As part of the regulator’s investigation, FINRA’s personnel requested that Shklyar furnish information and documentation to FINRA according to FINRA Rule 8210. However, Shklyar’s counsel corresponded with FINRA staff on February 13, 2018, in which it was communicated to FINRA that Shklyar understood what FINRA asked him to provide but that he would not be cooperating by providing the information and documentation at any point. Consequently, FINRA concluded that Shklyar’s conduct was violative of FINRA Rules 2010 and 8210.
FINRA Public Disclosure reveals that J.P. Morgan fired Shklyar on February 1, 2018, during which time the firm questioned Shklyar about engaging in outside business activities and Shklyar declined to provide information that the firm requested. Since February 16, 1996, Shklyar has been associated with eight different broker dealers, one of which has been expelled by securities regulators for violation of federal securities laws or is otherwise defunct.
The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.
This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com
