Another previous bank representative has been expelled from the market for choosing not to work together with a 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 info it asked for, a choice that instantly leads to getting disallowed, FINRA stated in a current disciplinary filing.
FINRA was checking out accusations that he provided unapproved bank debit cards and used those cards to make purchases and withdraw funds for personal use, according to the 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, according to BrokerCheck records. He was released from the bank in September for the supposed misbehavior.
Michael Fusco, a representative for Chase Wealth Management, decreased to comment.
Rivera-Castillo is the 3rd previous J.P. Morgan representative since November to be disallowed for decreasing FINRA’s ask for info. Bo Li, previously with J.P. Morgan Chase in Salt Lake City, was eliminated in early December for choosing not to stand for on-the-record testament relating to deals in his personal savings account. Whitley Kiara Hood, a previous associate in Chicago, was expelled in November for decreasing to supply on-the-record statement relating to 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 consultant 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.