FINRA recently announced that it has barred Jeremy Gerald Tintle (CRD #2817173, Hawley, Pennsylvania) from association with any FINRA member in any capacity.
The FINRA notice stated that, without admitting or denying the allegations, Tintle consented to the described sanction and to the entry of findings that he participated in a private securities transaction outside the scope of his association with his member firm without providing the firm with prior written notice of the proposed transaction, his proposed role in it, or the selling compensation he may receive from it.
On Tintle’s firm’s annual compliance questionnaire, he allegedly falsely represented that he had not participated in private securities transactions away from his firm without its prior approval. The findings stated that Tintle purportedly recommended that a customer invest in a limited partnership without reasonable grounds to believe that the recommendation was suitable, as its speculative and illiquid nature was inconsistent with the customer’s other security holdings, financial situation and needs.
FINRA further found that the customer’s allegedly unsuitable concentrated position in the investment exposed her to a risk of loss that exceeded her risk tolerance and investment objectives. The findings also stated that at two member firms, Tintle misapplied customer funds by inducing customers to withdraw funds from their brokerage accounts and wire the funds to third parties as Tintle directed. The funds were apparently not applied to the purchase of securities as the customers intended but were retained by the transferees. One of the customers complained to Tintle’s firm and the firm reimbursed her the $45,300 that had been wired out of her account. Another customer repeatedly asked Tintle why the alleged investments were not reflected on his firm account statements, to which Tintle never provided an explanation. After Tintle was terminated from his firm, the customer learned from the firm that the funds had not been invested in a firm fund as Tintle had led him to believe.
The case number with FINRA’s full findings is FINRA Case #2010024623501)
The White Law Group is investigating the liability that Glick’s FINRA employer may have for his actions.
When a broker violates industry rules, his or her employer may be liable for negligent supervision and responsible for investment losses in a FINRA dispute resolution claim.
According to Tintle’s BrokerCheck report, he worked with Oppenheimer & Co. from September 2008 through June 2011, Morgan Keegan & Company from November 2006 through October 2008, and Citigroup Global Markets from February 2001 through November 2006.
If you were a client of Jeremy Tintle and would like to discuss your potential to recover your losses through a FINRA arbitration claim, please call the securities attorney of The White Law Group at (312) 238-9650 for a free consultation.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.
To learn more about The White Law Group, visit www.WhiteSecuritesLaw.com.