Michigan Man Barred from FINRA

Posted on February 3rd, 2020 at 4:58 PM
Michigan Man Barred from FINRA

From the Desk of Jim Eccleston at Eccleston Law LLC:

Jaime Michael Westenbarger has been barred from association with any FINRA member in all capacities. On October 2, 2019, Westenbarger signed a Letter of Acceptance, Waiver and Consent (“AWC”), in which he consented to the bar, without admitting or denying FINRA’s findings detailed in the AWC.

FINRA initially requested information and documents from Westenbarger following the receipt of a Form U5 detailing Westenbarger’s termination from Securities America, Inc.  According to the Form U5, Westenbarger was terminated for violating firm policies and procedures regarding borrowing funds from clients. 

FINRA found that Westenbarger intentionally provided a partial response to its request for information and failed to provide requested documents.  According to FINRA, Westenbarger’s responses to FINRA’s requests for information did not substantially comply with all aspects of the request. Prior to the AWC, Westenbarger informed FINRA that he would not be producing any more documents.

The attorneys of Eccleston Law LLC represent investors and advisors nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of practice for financial investors and advisors including Securities FraudCompliance ProtectionBreach of Fiduciary DutyFINRA Matters, and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today.

Related Attorneys: James J. Eccleston

Tags: james eccleston, eccleston law, eccleston law llc, eccleston, finra, james westenbarger, awc,

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