Stephen Spencer Gladstone of New York, New York, a stockbroker formerly registered with Liberty Associates Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity, supported by findings that Gladstone failed to cooperate with FINRA when he was under investigation for a private securities transaction. Letter of Acceptance, Waiver, and Consent No. 2022074015901 (April 8, 2022).
According to the AWC, Gladstone was under FINRA investigation relating to his possible private securities transactions while registered with Liberty Associates. The AWC states that on March 17, 2022, Gladstone was instructed to testify. When he appeared, he testified to some but not all of FINRA’s questions. He refused to answer questions after a certain point and indicated that he had no intent to further cooperate. The regulator states that Gladstone’s refusal to comply with its investigation showed that Gladstone violated FINRA Rules 2010 and 8210.
Gladstone was employed by Liberty Associates between February 16, 2017, and May 29, 2020.
