FINRA Issues Bar To Tracy Morton

Soreide Law Group is investigating possible investor claims against securities broker Tracy Lynn Morton (CRD: 4880691, Tulsa, Oklahoma). Evidently, FINRA sanctioned the securities broker, who worked for Allstate Financial Services LLC. Allegedly, Morton failed to cooperate with FINRA’s investigation. Here is a brief summary of FINRA’s allegations against Morton.

FINRA Bars Morton For Failure To Provide Information

Evidently, on February 27, 2023, FINRA issued Acceptance, Waiver, and Consent No. 2023077489001 barring Tracy Morton for infractions. Specifically, the regulator prohibited Morton from working as a broker for a FINRA-member firm. Notably, FINRA alleged that Morton failed to provide information and documents to FINRA when it conducted an investigation.

In January 2023, Allstate Financial Services, LLC terminated Morton's employment and submitted a notice (Form U5) stating that Morton was terminated by the parent company for allegedly having an undisclosed interest in an insurance agency, which was supposedly considered an outside business activity.

FINRA’s Request Denied By Tracy Morton

On January 18, 2023, FINRA sent a request to Morton as part of its investigation into the alleged undisclosed outside business activity. The request, made under FINRA Rule 8210, asked for the submission of information and documents by February 1, 2023.

Supposedly, FINRA told Morton that failing to comply with this request would be a violation of FINRA Rule 8210 and could result in sanctions, such as being barred from the securities industry. However, Morton allegedly has not provided the requested information and documents to FINRA up to the present time.

Also, Morton's communication with FINRA staff in February 2023 confirms her receipt of the request. Notably, she agreed not to provide the requested information and documents at any point.

By refusing to provide the requested information and documents in accordance with FINRA Rule 8210, Morton violated both FINRA Rules 8210 and 2010, according to the AWC.

Morton Employment Information

• Morton worked for Allstate Financial Services LLC in Tulsa, Oklahoma, as a securities broker from December 2, 2004, to January 4, 2023.

Damages Resulting From Allstate Financial Services LLC Securities Broker Morton?

Did you suffer losses from investing with Tracy Morton? If so, get in touch with Soreide Law Group at (888) 760-6552 and talk with a securities lawyer about a potential recovery of your losses. Soreide Law Group, who has effectively recovered money for hundreds of investors throughout the United States, represents clients on a contingency fee basis and advances all costs. Morton and brokerage firms Morton worked for deny any and all allegations of sales practice violations.