Thomas Bradley Kintz, of Boynton Beach, Florida, a stockbroker registered with Benjamin F. Edwards Company Inc., has been fined $7,500.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Kintz engaged in unauthorized trading during the time that he was associated with Benjamin F. Edwards Company Inc. Letter of Acceptance, Waiver, and Consent No. 2021069196401 (March 6, 2024).
According to the AWC, Kintz’s unauthorized trading occurred from June 2018 to June 2019, involving around 400 transactions in exchange-traded products. Kintz discussed the investment strategy with the customers but did not obtain their approval on the days of the trades. Additionally, Kintz used unauthorized communication devices for investment recommendations, which was against the firm’s policies.
Kintz was found to have violated NASD Rule 2510(b) and FINRA Rules 2010 and 3260(b) by exercising discretion without proper authorization in the accounts of two customers.
FINRA Public Disclosure additionally shows that a customer initiated a FINRA securities arbitration claim regarding Thomas Kintz. The claim was settled for $65,000.00 in damages based on allegations that Kintz engaged in unauthorized trading and generated excessive commissions in connection with the sale of exchange-traded products during the time that he was associated with Benjamin F. Edwards Company Inc. FINRA Arbitration No. 21-00051 (March 10, 2021).
Kintz has been associated with T3 Trading Group LLC in New York, New York since August 24, 2022. Previously, he was associated with Benjamin F. Edwards Company Inc. in Boynton Beach, Florida, from February 20, 2017, to May 26, 2022.
