CFP Board Enforces Interim Suspension on Randy Alford

WASHINGTON, June 16, 2017, / PRNewswire/– Certified Financial Planner Board of Standards, Inc. (CFP Board) revealed today that it has enforced an automated interim suspension of Randy Alford’s CFP ® accreditation.

CFP Board enforced an automated interim suspension, efficient March 16, 2017, after finding that the Financial Industry Regulatory Authority, Inc. (FINRA) disallowed Mr. Alford from associating in any capacity with any FINRA member company for cannot offer info to FINRA throughout its examination. FINRA started its examination after it found Mr. Alford was released from his position as a signed-up agent for cannot reveal an outdoors business activity including a restricted collaboration and for offering away without his company’s approval. Mr. Alford did not react to FINRA’s ask for files and details. This failure to react breached FINRA Rule 8210, and triggered FINRA to issue a Notice of Suspension to Mr. Alford in December 2015. The suspension lasted from January 2016 to March 2016, when it was transformed into a long-term bar due to Mr. Alford’s failure to demand the termination of his suspension within 3 months of FINRA’s Notice of Suspension. Pursuant to FINRA Rule 9552(h), Mr. Alford was immediately disallowed from connecting with any FINRA member in any capacity in March 2016. Pursuant to Article 5.7 of CFP Board’s Disciplinary Rules and Procedures,” [a] n interim suspension will right away be released without a hearing when CFP Board Counsel gets proof of a conviction or an expert discipline in accordance with Article 13.1 for … cancellation of a monetary expert license (securities, insurance, accounting or bank-related license).” Under the interim suspension order, Mr. Alford’s right to use the CFP ® accreditation marks are suspended pending CFP Board’s finished examination and possible more disciplinary procedures.

CFP Board’s enforcement procedure is a vital customer defense. CFP ® specialists consent to comply with CFP Board’s Standards of Professional Conduct (Standards), that includes the Code of Ethics and Professional Responsibility (Code of Ethics), Rules of Conduct and Financial Planning Practice Standards (Practice Standards). The Standards stated the ethical requirements for monetary coordinators who hold the CFP ® accreditation.

CFP Board imposes its ethical requirements by examining occurrences of supposed dishonest habits by CFP ® specialists. In cases where offenses are discovered, the Disciplinary and Ethics Commission (Commission) might enforce discipline varying from a personal censure or public letter of admonition to the suspension or cancellation of an individual’s right to use the CFP ® marks. CFP Board’s Disciplinary Rules and Procedures (Disciplinary Rules) stated the procedure for examining matters and enforcing discipline where offenses have been discovered.

Previous J.P. Morgan Representative Ousted for Blowing Off FINRA Examination

Another previous bank associate has been expelled from the market for choosing not to work together with an FINRA examination into supposed misbehavior.

Moises David Rivera-Castillo, a previous associate signed up with J.P. Morgan Securities in Mount Kisco, N.Y., decreased to offer the regulator with files and details it asked for, a choice that instantly leads to getting disallowed, FINRA stated in a current disciplinary filing.

Rivera-Castillo might not be grabbed remark. In his settlement with FINRA, he neither confessed nor rejected the charges but granted an entry of FINRA’s findings.

Rivera-Castillo signed up with J.P. Morgan Chase Bank in February 2012 and J.P. Morgan Securities in October 2012, inning accordance with BrokerCheck records. He was released from the bank in September for the supposed misbehavior.

Michael Fusco, a spokesperson for Chase Wealth Management, decreased to comment.

Rivera-Castillo is the 3rd previous J.P. Morgan associate since November to be disallowed for decreasing FINRA’s ask for details. Bo Li, previously with J.P. Morgan Chase in Salt Lake City, was gotten rid of in early December for choosing not to stand for an on-the-record statement relating to deals in his personal checking account. Whitley Kiara Hood, a previous representative in Chicago, was expelled in November for decreasing to offer on-the-record Testament concerning claims that she abused funds from a J.P. Morgan-affiliated bank.

The 3 sign up with at least 2 other bank consultants disallowed in 2016 for blowing off FINRA examinations. Mark Peter Koestner, a previous advisor with Wells Fargo in Naples, Fla., was disallowed last April, and Kenneth Lynn Miller, a previous broker with First Tennessee Bank in Memphis, Tenn., was ousted last March.

Ex-J.P. Morgan Broker Expelled for Not Adhering to FINRA Probe

Another previous J.P. Morgan representative has been ousted from the market for choosing not to comply with an FINRA examination.

Angelina Ozlem Todurge, a previous broker with J.P. Morgan Securities in Palm Beach, Florida, decreased to offer the regulator with the files and info it had to examine accusations that she transformed $13,000 for personal use, inning accordance with her settlement with FINRA.

Failure to abide by FINRA examinations immediately lead to a bar, the regulator stated.

Todurge was ended from J.P. Morgan in August 2016 for apparently cannot report funds that were errantly wired to her Chase checking account from a 3rd party. The company implicated her of using the funds for her personal use, FINRA declared.

Todurge might not be grabbed remark. In her settlement, Todurge neither confessed nor rejected the charges but granted an entry of FINRA’s findings.

Todurge worked for J.P. Morgan from December 2016 to August 2016, when she was released for the supposed misbehavior, inning accordance with BrokerCheck records. She worked for both J.P.Morgan Securities and J.P. Morgan Chase Bank.

Michael Fusco, a spokesperson for Chase Wealth Management, decreased to discuss the matter.

Todurge signs up with at least 3 others previous J.P. Morgan representatives who were disallowed for decreasing FINRA’s ask for info. Moises David Rivera-Castillo, previously with J.P. Morgan in Mount Kisco, New York, was disallowed in December for cannot supply files associated with claims that he released and used unapproved bank debit cards for personal use. Bo Li, a previous representative in Salt Lake City, was likewise expelled in December for choosing not to stand for an on-the-record statement relating to deals in his personal checking account. And Whitley Kiara Hood, when with J.P. Morgan in Chicago, was eliminated in November for decreasing to supply on-the-record statement concerning claims that she abused funds from a J.P. Morgan-affiliated bank.

Copyright © 2017 by lonesomecountyband.com - All rights reserved.