FINRA’s Department of Enforcement initiated an investigation into Fabio’s alleged misconduct. Specifically, FINRA’s investigation concerned allegations Fabio misappropriated $65,000 from a retail bank customer’s account in violation of FINRA rules and regulations. In connection with this investigation, FINRA sent Fabio a request to provide documents and information pursuant to FINRA Rule 8210. According to FINRA, Fabio 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 Fabio violated FINRA Rules 2010 and 8210. Specifically, FINRA Rule 8210 authorizes FINRA, in the course of its investigation, 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...”
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 Fabio while he worked for Wells Fargo, 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.