The Financial Industry Regulatory Authority Inc. has barred James Blake Daughtry, a broker with Kestra Investment Services in Dothan, Ala., for failing to cooperate with a Finra inquiry into his conduct.
In a letter of acceptance, waiver and consent, Finra said that during a telephone call between staff and Mr. Daughtry's counsel March 3, Mr. Daughtry acknowledged that he received Finra’s request and said that he would not appear for on-the-record testimony at any time.
Finra was conducting an investigation into potentially fraudulent and unauthorized transactions in several of Mr. Daughtry’s customers’ accounts.
Mr. Daughtry began his securities career at Liberty Securities in 1999 and worked at five firms before affiliating with Kestra in 2015.
Chasing productivity is one thing, but when you're cutting corners, missing details, and making mistakes, it's time to take a step back.
It is not clear how many employees will be affected, but none of the private partnership’s 20,000 financial advisors will see their jobs at risk.
The historic summer sitting saw a roughly two-thirds pass rate, with most CFP hopefuls falling in the under-40 age group.
"The greed and deception of this Ponzi scheme has resulted in the same way they have throughout history," said Daniel Brubaker, U.S. Postal Inspection Service inspector in charge.
Elsewhere, an advisor formerly with a Commonwealth affiliate firm is launching her own independent practice with an Osaic OSJ.
Stan Gregor, Chairman & CEO of Summit Financial Holdings, explores how RIAs can meet growing demand for family office-style services among mass affluent clients through tax-first planning, technology, and collaboration—positioning firms for long-term success
Chris Vizzi, Co-Founder & Partner of South Coast Investment Advisors, LLC, shares how 2025 estate tax changes—$13.99M per person—offer more than tax savings. Learn how to pass on purpose, values, and vision to unite generations and give wealth lasting meaning
