Ohio Broker with History of Allegations of Securities Rule Violations Barred from Associating with FINRA Member Firms for Refusing to Cooperate with InvestigationFriday, November 22, 2019
On November 12, 2019, the Financial Industry Regulatory Authority (FINRA) Department of Enforcement approved a Letter of Acceptance, Waiver and Consent (AWC) submitted by former Capital City Securities, LLC general securities representative, Clint Keener, for failing to cooperate with a FINRA investigation. Keener was associated with Capital City in Powell, Ohio from May 2012 to October 2019.
According to the AWC, Keener was being investigated for potentially making unsuitable recommendations. FINRA Department of Enforcement sent him a request for on-the-record testimony pursuant to FINRA Rule 8210. Through his counsel, Keener acknowledged FINRA’s request and stated that he would not appear for on-the-record testimony at any time, thus violating FINRA Rule 8210 and 2010.
By signing the AWC, Clint Keener consented to a bar from associating with any FINRA member firm in any capacity.
This AWC is not Keener’s first disclosure on this WebCRD. When Keener worked for Stifel, Nicolaus & Company, Incorporated in Mansfield, Ohio (November 2001 to October 2008), he was discharged for alleged unauthorized trading. In July 2010, he entered into a Letter of Acceptance, Waiver and Consent for allegedly recommending unsuitable transactions resulting in an overconcentration in below grade bonds in a customer’s account. He also mismarked 52 order tickets in at least two customer accounts and exercised discretion without written authorization in six customers’ accounts. To resolve these allegations, FINRA imposed a $7,500 fine and a two-month suspension.
Oftentimes brokerage firms can be held liable for the brokers’ misconduct if they failed to supervise them while registered at the firm. If your broker cost you money, you may be able to recover from him or her or the brokerage firm where he or she was registered. Since 1998, the experienced attorneys at ChapmanAlbin LLC have been fighting for victims of investment fraud and broker misconduct. Call us today at 1-877-410-8172 for a free consultation.