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TAG | Failure to comply with recordkeeping requirements

Feb/12

29

Weston, FL, Rep Sanctioned by FINRA

Comments off · Posted by Securities Lawyer in FINRA

The following information was obtained on FINRA’s website’s ‘Disciplinary Actions, February 2012.”
 
Jeffrey Scott Donner (CRD #2631248, Registered Principal, Weston, Florida)
 
was barred from association with any FINRA member in any capacity. The sanction was based on findings that Donner executed several unauthorized transactions in customers’ accounts at his member firm without their knowledge and consent.
 
These findings stated that Donner exercised discretion in a customer’s account without written authorization; Donner neither sought nor obtained the customer’s or his member firm’s authorization.
 
These findings also stated that Donner used his personal email account to send business-related emails to customers and admitted to FINRA that he used an unapproved, personal email account to send emails to and receive emails from his customers.
 
The findings also included that his firm’s WSPs required that the firm review email communication between registered representatives and customers, but Donner did not forward any of these emails to the firm for review. FINRA found that Donner’s use of his personal email account prevented his firm from accessing these customer communications and complying with its obligations to review correspondence between registered representatives and their customers, and from complying with its recordkeeping requirements.
(FINRA Case #2009020228501)
The information from FINRA’s website has ended.
 
Securities Lawyer, Lars K. Soreide, of Soreide Law Group, PLLC, has represented clients nationwide.
For a free consultation with an attorney, please call 888-760-6552, or visit our website at: www.securitieslawyer.com.

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Oct/11

19

Weston, Florida, Broker Jeffrey Scott Donner, Named in FINRA Complaint

Comments off · Posted by Securities Lawyer in FINRA

Jeffrey Scott Donner (CRD #2631248, Registered Principal, Weston, Florida)
 
was named as a respondent in a FINRA complaint alleging that he executed transactions in the accounts of customers at his member firm without their prior knowledge, authorization or consent.
 
This complaint alleges that Donner exercised discretion in a customer’s account and
effected securities transactions without the the customer’s prior written authorization or his firm’s written acceptance of the account as discretionary. The complaint also alleges that Donner’s firm did not permit discretion to be utilized in retail brokerage accounts.
 
Further, the complaint alleges that while Donner was registered with his firm, he exchanged business-related emails with customers, using a personal email account that the firm did not approve, and Donner did not forward to his firm any of the emails sent to or received from customers at his personal email address contrary to his firm’s WSPs that require email communication between registered representatives and customers be reviewed by the firm. In addition, the complaint alleges that by using his personal email address to communicate with customers, Donner prevented his firm from accessing these customer communications and complying with its obligations to review correspondence between registered representatives and their customers.
 
The complaint alleges that by using his personal email address to communicate with customers and failing to forward the customer communications to his firm, Donner prevented the firm from complying with its recordkeeping requirements. (FINRA Case #2009020228501)
 
This information was obtained on FINRA’s website under “Disciplinary Actions,” October, 2011.

Securities Attorney, Lars Soreide, of Soreide Law Group, PLLC, has represented clients nationwide. If you or a family ember have sustained a stock/securities loss through Jeffrey Scott Donner of Weston, FL, call a Securities Arbitration Lawyer for a free consultation on how to potentially recover your losses.  To speak with an attorney, call 888-760-6552, or visit www.securitieslawyer.com

Soreide Law Group, PLLC., representing investors nationwide before FINRA  the Financial Industry Regulatory Authority.

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