Tr?id=566623520170033&ev=PageView&noscript=1

FINRA Bars Former Cambridge Advisor After Refusal to Cooperate With Communications Probe

Posted on February 26th, 2026 at 3:35 PM
FINRA Bars Former Cambridge Advisor After Refusal to Cooperate With Communications Probe

From the desk of Jim Eccleston at Eccleston Law

A former advisor affiliated with Cambridge Investment Research has been barred from the securities industry after declining to comply with a regulatory investigation, according to the Financial Industry Regulatory Authority (FINRA).

Jay D. Zornes consented to FINRA's findings without admitting or denying them. ThinkAdvisor reports that he maintained registration with the firm as a securities representative from March 2014 through May 2025.

The firm permitted Zornes to resign while under investigation for allegedly communicating with clients through unapproved email addresses and an unauthorized text messaging number, as reflected in a termination filing.

According to ThinkAdvisor, FINRA requested documents and information as part of its review into potential off channel communications with customers. The regulator also required on the record (OTR) testimony. Zornes refused both requests.

Regulators continue to scrutinize electronic communications that occur outside firm supervised systems, including texting and messaging applications. The SEC has imposed significant penalties across the industry for similar violations in recent years, according to ThinkAdvisor.

 

Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

Tags: eccleston, eccleston law, finra

Return to Archive

TESTIMONIALS

Previous
Next
Quotes Bigger

This was the best of all possible outcomes and I cannot thank you and the team enough.

Michael S.

LATEST NEWS AND ARTICLES

1785772777 Law
August 3, 2026
FINRA Launches Review of High-Risk Structured Notes Sales and Supervision

The Financial Industry Regulatory Authority (FINRA) has launched a regulatory sweep examining the sale of high-risk structured products, with particular attention on non-principal protected "worst-of" structured notes, according to AdvisorHub.

1785531573 Law
July 31, 2026
Former Alabama Financial Advisor Barred After Selling His Practice

The U.S.

1785428190 Law
July 30, 2026
CFP Board Proposes New Rules for Handling Expunged Criminal Records

The CFP Board has announced that it is considering a proposal to change how it treats applicants with expunged criminal convictions, according to Wealth Management.