Press "Enter" to skip to content

Previous J.P. Morgan Associate Disallowed for Choosing Not to Comply with FINRA Examination

FINRA has eradicated a previous J.P. Morgan signed up associate from the brokerage market for cannot comply with an examination into accusations that she abused funds from a bank connected with J.P. Morgan Securities.

Whitley Kiara Hood worked for J.P. Morgan in Chicago and was willingly ended in April, according to a settlement she reached with FINRA this month. She decreased to supply on the record testament concerning the claims versus her, a choice that instantly leads to a bar, FINRA stated.

FINRA did not supply information of the supposed misbehavior beyond keeping in mind that it related to the possible diversion of funds from a J.P. Morgan-affiliated bank.

Hood did not return voice messages left at Northern Trust, where she works as an expert, according to her LinkedIn profile. Hood works as “a reporting contact for the customer to supply resolution of complicated deals” and “offers support to account supervisors with questions gotten from customers concerning particular reporting problems,” she composes in her profile.

Northern Trust Corp. is not noted as a FINRA member company. The bar enforced by the regulator avoids her from working for FINRA member companies in any capacity, according to the settlement arrangement.

Hood worked for J.P. Morgan Chase Bank from June 2013 to October 2014, when she signed up with J.P. Morgan Securities, BrokerCheck records reveal.

In her settlement with FINRA, Hood neither confessed nor rejected the charges, but granted an entry of FINRA’s findings.

Michael Fusco, a spokesperson for Chase Wealth Management, decreased to discuss the matter.

Hood signs up with at least 2 other bank consultants disallowed from the market this year for choosing not to comply with FINRA examinations. Mark Peter Koestner, a previous advisor with Wells Fargo in Naples, Florida, was disallowed in April for denying FINRA’s demand to stand for an on-the-record interview relating to claims that he participated in a personal securities deal or an outdoors business activity that was not authorized. Kenneth Lynn Miller, a previous broker with First Tennessee Bank implicated of taking money from retail bank consumers, dealing with a comparable fate. He was ousted in March for choosing not to supply the regulator with the files and info it asked for.

Copyright © 2017 by All rights reserved.