Securities Investigation – Jed E. Tinder
According to the Financial Industry Regulatory Authority, the regulator has permanently barred Jed E. Tinder of Missoula, Montana, from the securities industry.
In August 2017, FINRA reportedly began an examination into whether Tinder conducted outside business activities, participated in private securities transactions, engaged in sales practice violations, or otherwise acted in violation rules or federal securities laws while he was registered with FINRA through Western International Securities.
FINRA staff reportedly sent separate requests to Tinder for him to provide information and documents. In a letter to FINRA staff dated October 26, 2017, Tinder allegedly informed FINRA that he would not produce the documents requested by FINRA.
During correspondence with FINRA staff, Tinder also allegedly confirmed that he would not produce the documents requested by FINRA, purportedly informed FINRA that he would not provide any further information in response to FINRA’s requests, and stated that he would not appear at any time for on-the-record.
According to his BrokerCheck report, Tinder was registered with Western International Securities in Missoula, Montana from August 2005 through January 2016. He has eight disclosures listed on his Broker report, including two pending customer disputes.
Allegations include recklessness and negligence and unsuitable recommendations. Tinder is not currently registered as a broker.
For FINRA’s full findings see FINRA case NO. 2017054713901.
Failure to Supervise
Brokerage firms are required to adequately supervise their advisors. They must ensure they are complying with FINRA rules.
When brokers abuse client accounts and conduct transactions that violate securities laws, the brokerage firm they are working with may be liable for investment losses. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.
The brokerage firms can be held responsible for any losses in a FINRA arbitration claim if it is determined that they failed to properly supervise their agent.
Did you suffer losses investing with Jed E. Tinder? If so, the attorneys at The White Law Group may be able to help you to recover your losses. For a free consultation, please call (888) 637-5510.
The foregoing information, which is all publicly available, is being provided by The White Law Group.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee. For more information, please visit our website, www.whitesecuritieslaw.com.