Sean William Killoran of New York New York a stockbroker formerly registered with Scotia Capital (USA) Inc. has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that Killoran failed to cooperate with FINRA personnel during FINRA’s investigation into his potential mismarking of securities transactions. Department of Enforcement v. Sean William Killoran Disciplinary Proceeding No. 20160491970-01 (June 21, 2018).
According to the Complaint, Killoran was discharged from Scotia Capital on July 18, 2016 wherein the firm notified FINRA that Killoran’s termination was based upon Killoran’s unsatisfactory performance. The Complaint stated that in April of 2016, Killoran became subject of a FINRA investigation into his possible mismarking of securities in a trading portfolio.
The Complaint alleged that Killoran was scheduled to make an appearance before FINRA personnel on May 15, 2018. On May 11, 2018, Killoran allegedly acknowledged with FINRA personnel that he received FINRA’s request and planned to attend on May 15, 2018. The Complaint stated that Killoran was subsequently asked by FINRA about Killoran’s attorney; however, Killoran failed to provide that information on multiple occasions. On May 15, 2018, Killoran never showed up to testify.
The Complaint revealed that FINRA made another attempt to procure Killoran’s testimony, requesting that Killoran make an appearance in New York on May 22, 2018. Killoran apparently failed to show up on May 22, 2018. FINRA alleged that Killoran’s failure to cooperate was violative of FINRA Rules 2010 and 8210.
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