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.
FINRA barred the advisor, Sung Moo Cho, last month.
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