Brett Allen Defore of Venice Florida a stockbroker formerly employed by Raymond James Associates Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that he failed to cooperate with FINRA by not responding to a request for information. Case No. 2017053983501 (Oct. 2, 2017).
FINRA’s inquiry of Defore may have been brought on by Defore being discharged by Raymond James on March 24, 2017. Apparently, Defore was terminated by the firm founded on allegations that he failed to abide by the procedures and policies of the firm concerning his execution of block trades. Apparently, trades had been executed which were not cancelled or corrected according to the firm’s policies.
According to FINRA Public Disclosure, on June 27, 2017, FINRA issued a Notice of Suspension to Defore for his failure to provide FINRA personnel with requested information. Defore’s suspension became effective on July 21, 2017. Defore was provided three months from the date of his Notice of Suspension to cooperate with FINRA personnel; however, Defore failed to do so. On October 2, 2017, FINRA barred Defore in all capacities.
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