Wesley James Evans of Seattle Washington a stockbroker formerly registered with JP Morgan Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he obstructed a FINRA investigation concerning allegations of his misappropriation of a customer’s funds. Letter of Acceptance Waiver and Consent No. 2020066576201 (July 2, 2020).
According to the AWC, on May 6, 2020, FINRA learned that Evans was discharged by JP Morgan founded on accusations of the stockbroker’s misappropriation of $15,740.00 from a customer for Evans’s personal use. The securities broker dealer indicated that Evans admitted to having misappropriated the customer’s funds.
On May 8, 2020, a request was made by FINRA for Evans’s information and documentation concerning his alleged misuse of customer funds. Evans corresponded with FINRA personnel on May 18, 2020 to confirm that he received its request and had refused to furnish any information or documentation to the regulator. Evans’s refusal to cooperate with FINRA’s requests constituted the violation of Rules 2010 and 8210.
