Thomas Aloysius Skove, of New York, New York, a stockbroker formerly registered with Scotia Capital (USA) Inc., 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 cooperate in an investigation into allegations that he effected fraudulent securities transactions in May of 2015. Letter of Acceptance, Waiver and Consent, No. 20150463515-01 (June 8, 2017).
According to the AWC, FINRA was notified that Skove was terminated by Scotia Capita (USA) Inc. on July 9, 2015, based upon allegations that Skove effected potentially pre-arranged sales and purchases of eight securities. FINRA followed up in this regard by launching an investigation into Skove’s activities according to Rule 8210, where in April of 2017, Skove was asked by FINRA to provide recorded testimony in reference to the allegations of his wrongdoing.
The AWC stated that Skove’s counsel, after delaying Skove’s scheduled testimony, reported to FINRA that Skove would not be cooperating in the investigation. FINRA found that Skove’s failure to testify was conduct violative of FINRA Rules 2010 and 8210, which resulted in his bar.
Thomas Aloysius Skove, of New York, New York, a stockbroker formerly registered with Scotia Capital (USA) Inc., 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 cooperate in an investigation into allegations that he effected fraudulent securities transactions in May of 2015. Letter of Acceptance, Waiver and Consent, No. 20150463515-01 (June 8, 2017).
According to the AWC, FINRA was notified that Skove was terminated by Scotia Capita (USA) Inc. on July 9, 2015, based upon allegations that Skove effected potentially pre-arranged sales and purchases of eight securities. FINRA followed up in this regard by launching an investigation into Skove’s activities according to Rule 8210, where in April of 2017, Skove was asked by FINRA to provide recorded testimony in reference to the allegations of his wrongdoing.
The AWC stated that Skove’s counsel, after delaying Skove’s scheduled testimony, reported to FINRA that Skove would not be cooperating in the investigation. FINRA found that Skove’s failure to testify was conduct violative of FINRA Rules 2010 and 8210, which resulted in his bar.
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