According to a FINRA disciplinary actions announcement, Jeremy Gerald Tintle (CRD #2817173, Hawley, Pennsylvania) recently submitted an Offer of Settlement in which he was barred from association with any FINRA member in any capacity.
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 falsely represented that he had not participated in private securities transactions away from his firm without its prior approval. The findings stated that Tintle 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. The customer’s 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 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.
For the full findings, see FINRA Case #2010024623501
According to Tintle’s FINRA Broker Report, he was employed by Oppenheimer & Co. from September 2008 through June 2011 and Morgan Keegan & Company from November 2006 through October 2008.
The foregoing information, which is all publicly available on FINRA’s website, is being provided by The White Law Group.
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