Jermaine Doral Joseph, Florida Broker Formerly with PFS Investments Barred by FINRA

Soreide Law Group, based in South Florida, obtained the following information from the February, 2018, Disciplinary Report from FINRA:
Jermaine Doral Joseph (CRD #6056737, Miami Gardens, Florida)
was barred by FINRA for allegedly serving as a personal representative in two wills executed by a client, and served as a representative payee for a non-client with the Social Security Administration, contrary to his member firm’s policy and without notice to or permission from it.
FIRNA’s findings stated that Jermaine Doral Joseph comingled the client’s funds when he deposited a $30,000 check from the client for an investment into an account he was using as his personal checking account and which contained his own funds. Although the client knew of and consented to the deposit, commingling client funds with personal funds violated FINRA Rule 2010.
Additionally, FINRA’s findings stated that Jermaine Doral Joseph made false statements to the firm in connection with its investigation of his relationship with the client. Joseph falsely denied serving as the client’s executor or personal representative, and falsely said that none of the checks she gave him had been spent.
FINRA’s findings also included that Jermaine Doral Joseph failed to disclose the existence of an outside securities account he opened at another firm and in which he traded. FINRA found that Joseph submitted a false compliance attestation to the firm in which he attested that he had not opened any outside securities accounts.
(FINRA Case #2016050028401)
According to FINRA’s BrokerCheck, which is available to the public on FINRA’s website, Jermaine Doral Joseph has two disclosures on his report. One of those was an “Employment Separation after Allegations.”  Joseph was permitted to resign after allegations of, “FIRM OBTAINED INFORMATION INDICATING THAT THE AGENT MAY HAVE BEEN ENGAGED IN IMPROPER FINANCIAL TRANSACTION(S) INVOLVING A CUSTOMER. THE INVOLVED CUSTOMER IS NOW DECEASED.”
Joseph had been in the securities industry for two years and was with the following firm:
06/23/2015 - 05/17/2016  PFS INVESTMENTS INC - HIALEAH GARDENS, FL
04/16/2013 - 02/11/2015  PFS INVESTMENTS INC - HIALEAH GARDENS, FL
If you or an elderly loved one experienced losses due to former Hialeah Gardens, Florida, PFS Investments broker, Jermaine Doral Joseph, actions or recommendations, contact Soreide Law Group, conveniently located in South Florida.  You can speak with an experienced securities lawyer at no cost to you regarding the possible recovery of your investment losses through a FINRA arbitration at:  888-760-6552.
Soreide Law Group represents clients nationally before FINRA.  We operate on a contingency fee basis—no fee if no recovery.