FINRA’s Department of Enforcement initiated an investigation into Inderlied’s alleged misconduct. On November 2, 2015, Inderlied entered into a Consent Order with the State of Missouri where the State found he engaged in dishonest and unethical practices in the securities, investment, and/or insurance business. Thereafter, FINRA specifically investigated whether Inderlied recommended unsuitable investment recommendations. In connection with this investigation, FINRA sent Inderlied a request to provide on the record testimony pursuant to FINRA Rule 8210. According to FINRA, Inderlied failed to cooperate with the investigation.
Based upon the foregoing alleged misconduct, FINRA asserted Inderlied 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, Inderlied 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 Inderlied while employed by Wilbanks Securities, 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.