Snyder’s FINRA BrokerCheck reveals three customer disputes that were settled and two pending customer disputes. Snyder is no longer associated with any FINRA-member; however, he remains subject to FINRA’s jurisdiction and disciplinary power.
FINRA’s Department of Enforcement initiated an investigation into Snyder’s alleged misconduct. Specifically, FINRA investigated whether Snyder privately settled with a customer for investment losses without the knowledge or authorization of his employing member firm. In connection with this investigation, FINRA sent Snyder a request to testify on the record pursuant to FINRA Rule 8210. According to FINRA, Snyder acknowledged receipt of FINRA’s Rule 8210 requests; yet he failed to cooperate with FINRA’s investigation.
Based upon the foregoing alleged misconduct, FINRA asserted Snyder 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, Snyer failed to provide testimony 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 Snyder from while Rockwell Global or Network 1 Financial Securities Inc employed him, 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.