According to a FINRA Disciplinary Announcement, Michael Edward Donnelly (CRD #2276988, Newark, Delaware) submitted an AWC in which he was barred from association with any FINRA member in any capacity.
Without admitting or denying the findings, Donnelly consented to the sanction and to the entry of findings that he failed to provide FINRA with requested information and documentation for an investigation related to allegations that he converted client funds. The findings stated that after Donnelly received a second request, he informed FINRA that he would not cooperate or provide the requested information and documentation.
For the full FINRA case, see FINRA Case #2014042487201.
According to this FINRA Broker Report, Donnelly was employed by First Midwest Securities from May 2006 through June 2009 and Coastal Equities from October 2009 through September 2014.
The foregoing information, which is all publicly available on FINRA’s website, 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 a free consultation with a securities attorney, please call the firm’s Chicago office at 312/238-9650. For more information on The White Law Group, visit https://www.whitesecuritieslaw.com.