On May 10, 2021, JOHN EDGAR SIMMONS JR (JOHN E SIMMONS JR) CRD#: 4878890, a former broker with LPL Financial in Gulf Breeze, Florida, was barred by FINRA from acting as a broker or otherwise associating with a broker-dealer firm.
According to FINRA, without admitting or denying FINRA’s findings, JOHN E SIMMONS JR consented to the sanction and to the entry of findings that he allegedly refused to produce information and documents requested by FINRA in connection with an investigation into the allegations contained in a Form U5 amendment filed by his member firm which disclosed an internal review into his alleged involvement in a private securities transaction without notice to, or approval by, the firm.
According to a recent article in Financial IQ, FINRA began an investigation into the allegations in the Form U5 amendment, but in March of 2021, JOHN E SIMMONS JR, through his lawyer, allegedly told FINRA that he would not provide the documents it requested. FINRA then barred him from the industry. The article stated that LPL filed a Form U5 termination notice for Simmons on Sep. 17, 2020, and since his departure from LPL Financial, Simmons has not registered with another firm.
According to FINRA’s BrokerCheck, JOHN E SIMMONS JR, had been in the securities industry for 15 years. Simmons had been listed with 3 firms, the most recent listed below:
08/07/2015 – 09/17/2020 LPL FINANCIAL LLC – GULF BREEZE, FL
08/12/2011 – 09/09/2015 INVESTORS CAPITAL CORP. – PENSACOLA, FL
If you’ve experienced investment losses through the actions or recommendations of the former LPL FINANCIAL LLC of GULF BREEZE, FL, broker, JOHN E SIMMONS JR, contact the Florida-based Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery of your financial losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group represents clients nationwide before FINRA. We work on a contingency fee basis—no fee to you if no recovery.