FINRA’s Department of Enforcement initiated an investigation into Blasik’s business dealings. FINRA alleged Blasik engaged in an unapproved and undisclosed outside business activity. In connection with this investigation, FINRA sent Blasik a request for documents and information on December 19, 2014. According to FINRA, Blasik acknowledged receipt of FINRA's Rule 8210 request and informed staff he would not cooperate with FINRA’s investigation.
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, Blasik failed to provide information and documents in response to FINRA’s request, thereby violating FINRA Rule 8210. FINRA has very little tolerance for uncooperative members; and promptly barred Blasik from the financial industry.
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