Registered Representative Anthony G. Saab Barred by FINRA for Refusing to Provide Documents

The Financial Industry Regulatory Authority (FINRA) barred Anthony G. Saab from associating with any FINRA member firm in all capacities. According to FINRA, Saab violated FINRA Rules 8210 and 2010 by refusing to comply with a request for documents and information related to its investigation into his sales of alternative investments.

Anthony G. Saab first entered the securities industry in 1969. He most recently registered with FINRA through The Fig Group, LLC, where he served as a General Securities Representative and Operations Professional. Following the firm’s withdrawal from FINRA membership in January 2023, Saab became associated with another firm until voluntarily ending that relationship in December 2024. As of the date of the AWC, Saab was not registered with any firm but remained under FINRA’s jurisdiction.

FINRA Rule 8210 allows FINRA to require registered individuals to provide documents and information related to regulatory investigations. Rule 2010 mandates that industry professionals maintain high standards of commercial honor and act fairly in the conduct of business. For example, a representative under investigation must respond truthfully and completely to requests for information. Similarly, if FINRA inquires about a broker’s communication with clients, the broker must comply fully and promptly.

According to the Letter of Acceptance, Waiver, and Consent (AWC), FINRA requested documents from Saab on April 14, 2025. Saab acknowledged receipt of the request during a phone call with FINRA on April 22, 2025, but affirmatively declined to comply. This refusal, documented in the AWC, triggered violations of Rules 8210 and 2010. FINRA concluded that Saab’s failure to cooperate obstructed its investigation and undermined the integrity of its regulatory processes. As a result, Saab consented to a permanent bar from the industry.

Lufrano Law, LLC is a national investment litigation firm and has experience representing investors who have investment disputes with brokers and broker-dealers. Please contact us at (800) 627-2179 for more information if you have been the victim of investment negligence or fraud.

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.