Emily Michelle Thompson, of Wauseon, Ohio, a stockbroker formerly associated with Raymond James Financial Services, Inc., has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that she failed to cooperate with FINRA in an investigation into allegations of unauthorized trading. Letter of Acceptance, Waiver and Consent, No. 20150459629-01 (Nov. 16, 2016).
According to the AWC, FINRA launched an investigation into allegations that Thompson made misrepresentations to customers concerning investments and traded in customer accounts without authorization. As part of the investigation, FINRA requested that Thompson produce information and documents for FINRA review by May 12, 2016, per FINRA Rule 8210.
The AWC stated that Thompson contacted FINRA personnel on May 5, 2016, indicating that she would not be producing the information and documents requested by FINRA at any point. FINRA found that Thompson’s failure to cooperate in this regard was conduct violative of FINRA Rules 2010 and 8210 – leading to her permanent bar.
FINRA Public Disclosure reveals that on April 2, 2015, a customer initiated investment related arbitration claim involving Thompsons’ conduct was settled for $63,956.20 in damages based upon allegations that Thompson made a bond purchase in a customer’s account without the customer’s prior authorization. Additionally, the customer alleged that Thompson made misrepresentations to the customer concerning certificates of deposits.
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