Hawaiian Stockbroker Barred For Ignoring FINRA
Casey Tyler Thompson of Wailuku Hawaii a stockbroker formerly employed by Allstate Financial Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that he failed to provide FINRA with a response to its request for Thompson’s information. Case No. 2017055740601 (Feb. 20, 2018).
FINRA Public Disclosure confirms that FINRA initially sent a notification to Thompson on November 16, 2017 that he was facing a suspension for failing to comply with FINRA’s requests. Thompson was then suspended by FINRA effective December 11, 2017. At that time, Thompson was warned by FINRA that he would be required to request that his suspension be terminated no later than February 19, 2018, otherwise the suspension would convert into a permanent bar. Thompson apparently failed to respond by the deadline, so FINRA automatically barred Thompson in all capacities by February 20, 2018.
Thompson is the subject of a customer initiated investment related written complaint on September 27, 2017, which had been settled for an undisclosed amount to resolve accusations that customers had not authorized the conversion of their term life insurance policies to universal life insurance policies.
Allstate Financial Services terminated Thompson’s registration on August 10, 2017.
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