Alleged Misconduct of Jose Anthony Quinones

Jose Anthony Quinones allegedly violated FINRA Rules 8210 and 2010 by refusing to provide documents and information requested by FINRA during an investigation. FINRA stated that in April 2025, Quinones declined to comply with requests issued in March 2025 as part of a review into a possible undisclosed outside business activity, leading to his bar from associating with any FINRA member in any capacity.

Quinones began his securities industry career in 1984 and most recently served as an Investment Company and Variable Contracts Products Representative with PFS Investments Inc. from October 2014 until December 2024. According to a Form U5 Amendment filed by PFS Investments in January 2025, he was under review for potential involvement in an undisclosed outside business activity at the time he terminated his registration for failure to renew. Quinones is no longer associated with any FINRA member but remains subject to FINRA’s jurisdiction.

FINRA Rule 8210 authorizes the regulator to require individuals and firms under its jurisdiction to provide documents, information, or testimony related to investigations or examinations. Refusing such a request is a violation of Rule 8210 and, by extension, Rule 2010, which mandates that members and associated persons observe high standards of commercial honor and just and equitable principles of trade. For example, if FINRA requests account statements to investigate potential misappropriation of funds, the broker must comply; similarly, if FINRA asks for client communications to assess possible sales practice violations, the broker is obligated to provide them.

According to FINRA, Quinones received Rule 8210 requests on March 4 and March 21, 2025, seeking documents and information related to the Form U5 Amendment. On April 24, 2025, his attorney informed FINRA that Quinones would not produce the requested materials. FINRA determined that this refusal impeded its investigation and constituted violations of both Rule 8210 and Rule 2010.

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The content on this site reflects personal opinions and does not constitute statements of fact. No findings have been made against the firms or individuals mentioned. This blog is intended solely for educational purposes, drawing on publicly available information to provide general insights and a basic understanding of the law. It is not a substitute for legal advice.