FINRA Reportedly Bars Brett Ashy, Mississippi Financial Advisor
According to the Financial Industry Regulatory Authority (FINRA), on February 7 the regulator issued a Letter of Acceptance, waiver and consent (AWC) in which Brett Alexander Ashy (CRD #5794420, Jackson, Mississippi) was reportedly barred from association with any FINRA member in all capacities.
FINRA was reportedly investigating Ashy for a customer complaint concerning an alleged unauthorized transaction. Since Ashy reportedly refused to appear for FINRA on-the record testimony, he was consequently barred from the securities industry.
According to his FINRA BrokerCheck report, Brett Ashy was registered with MWA Financial Services in Jackson, MS from October 2015 until he was discharged in February 2016. Prior to that, he worked for NY Life Securities in Ridgeland, MS from January 2011 until he resigned in September 2014 after “violating company policy requiring genuine customer signatures on variable annuity policy delivery receipts, and for improperly sharing variable annuity commissions with an unregistered person.”
For FINRA’s full findings, see FINRA Case #2017053798601.
Free Consultation with a Securities Attorney
The White Law Group is investigating potential claims involving the liability Ashy’s employers may have for failing to properly supervise him.
Brokerage firms are required to properly supervise their advisors. They must ensure that those advisors are complying with applicable FINRA rules and regulations. If it can be demonstrated that Ashy’s former employer failed to properly supervise him, his employer may be held responsible for the losses in a FINRA arbitration claim.
If you are concerned about your investments with Brett Ashy, the securities attorneys at The White Law Group may be able to help you. If you would like a free consultation to discuss your litigation options, please call the offices of The White Law Group at 1-888-637-5510.
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.