FINRA’s Department of Enforcement initiated an investigation into Moe’s alleged misconduct. Specifically, FINRA’s investigation concerned allegations Moe converted customer funds during her employment with UnionBanc. In connection with this investigation, FINRA sent Moe a request to provide on-the-record-testimony pursuant to FINRA Rule 8210. According to FINRA, Moe acknowledged receipt of FINRA’s Rule 8210 request; yet she failed to cooperate with FINRA’s investigation.
Based upon the foregoing alleged misconduct, FINRA asserted Moe violated FINRA Rules 2010 and 8210. Specifically, FINRA Rule 8210 authorizes FINRA, in the course of its investigations, to require persons associated with a FINRA member to “provide information orally, in writing, or electronically . . . with respect to any matter involved in the investigation...” Here, Moe failed to provide information in response to FINRA’s request, thereby violating FINRA Rule 8210.
Lufrano Law, LLC is a national securities litigation firm and has experience representing investors who have investment disputes with brokers and broker-dealers. If you suffered investment damages with Moe while employed by UnionBanc, you may be able to recover your losses through FINRA arbitration. Our firm only receives a fee if you recover money. Please contact one of our attorneys at (800) 627-2179 to schedule a free consultation or complete our free case evaluator.