South Florida Arbitration & Litigation Lawyer Blog
Investment Advisor and Broker/Dealer Fraud, Misrepresentation and Mismanagement FINRA Arbitration and Litigation Lawyer, Russell L. Forkey, Esq.
December, 2010:
Norman Lee Kearney Jr. (CRD #1665504, Registered Rep., Portland, Oregon) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Kearney consented to the described sanction and to the entry of findings that he engaged in an outside business activity and did not provide prompt written notice to his firm regarding his association with a limited liability company. The findings stated that, in regard to FINRA’s request for information, Kearney falsely stated to his supervisor and a firm compliance officer that he was not aware of the limited liability company and had no involvement or relationship with it. The findings also stated that Kearney intentionally provided false information in a response to FINRA when he stated that he was not aware of the company until his supervisor brought it to his attention. (FINRA Case #2009017287701).