Tami Susan Balas of Montoursville Pennsylvania a stockbroker formerly registered with SCF Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that Balas did not respond to a FINRA inquiry. Case No. 2017056821201 (Nov. 19, 2018).
FINRA Public Disclosure reveals that Balas initially faced a suspension from FINRA on November 19, 2018. This comes after FINRA made attempts at procuring Balas’ information but to no avail. FINRA apparently cautioned Balas about the potential for Balas to be barred in all capacities for continued non-compliance. FINRA reportedly provided Balas a deadline of November 18, 2018 to seek that her suspension be lifted. However, Balas failed to respond to the regulator by the deadline that was imposed. Consequently, FINRA barred Balas in all capacities on November 19, 2018.
Prior to FINRA’s regulatory action against Balas, on December 22, 2017, Balas was discharged by SCF Securities Inc. based upon accusations that a customer of the firm complained after having provided Balas with a loan that was not paid back to the customer. Balas reportedly admitted to the firm that she borrowed the customer’s funds despite her previously denying ever having borrowed funds from customers when administered SCF Securities Inc. compliance questionnaires.
