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.
