Scott Sherwin Polish, of Mentor, Ohio, a stockbroker formerly registered with Wells Fargo Clearing Services, LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he obstructed a FINRA investigation into allegations that Polish converted customer funds. Letter of Acceptance, Waiver and Consent, No. 2017053893501 (May 22, 2017).
According to the AWC, on April 13, 2017, Polish was terminated from Wells Fargo based upon allegations that he confessed to have retrieved monies from the accounts of two customers in order to pay off his personal debts. The AWC stated that FINRA followed up in this regard by launching an investigation into the allegations of Polish’s conversion of the customers’ monies.
The AWC revealed that on April 14, 2017, Polish was sent correspondence from FINRA which requested that Polish disclose information and documentation pertaining to FINRA’s investigation into Polish’s alleged misconduct, based on Rule 8210. Polish reportedly reached out to FINRA on May 3, 2017, where he indicated that he received FINRA’s documentation request but would not be cooperating further. FINRA found that Polish’s failure to provide the information and documentation was conduct violative of FINRA Rules 2010 and 8210, resulting in his permanent bar.
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