FINRA Lawyer Blog
On March 18, 2020, FINRA barred FA James Daughtry for his refusal to appear for an on-the-record interview, which is akin to a deposition. Daughtry consented to the bar from the securities industry by executing the Letter of Acceptance, Waiver and Consent (AWC) in Department of Enforcement v. James Blake Daughtry, Matter No. 2020065293201.
Background
According to BrokerCheck, Daughtry entered the securities industry in 1999. He registered with Kestra Investment Services, LLC in February 2015 and remained with Kestra until his termination in March 2020. James Daughtry worked from a branch located in Dothan, Alabama.
FINRA’s Investigation
According to the AWC, “on February 21, 2020, in connection with an investigation into potentially fraudulent and unauthorized transactions in several of Daughtry’s customers’ accounts, FINRA sent a request to Daughtry for an on-the-record interview pursuant to FINRA Rule 8210.” Apparently, Daughtry’s attorney informed FINRA of Daughtry’s refusal to appear for the OTR.
Herskovits PLLC
Herskovits PLLC has decades of experience representing defrauded investors as well as securities industry participants. Our firm has handled hundreds of FINRA arbitration claims and our principal attorney is a FINRA arbitrator and former in-house counsel for an investment bank. Feel free to call us for a consultation at 212-897-5410.