Country Capital Management Broker Barred in Investigation
Justin L. Ferguson, of Columbus, Georgia, a stockbroker for Country Capital Management Company, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he misappropriated customer funds. Letter of Acceptance, Waiver and Consent, No. 2016048699301 (Mar. 15, 2016).
According to the AWC, on January 5, 2016, Ferguson was first terminated by Country Capital Management Company amid allegations that Ferguson submitted fraudulent home insurance policies via an affiliate of the firm.
Subsequently, on February 8, 2016, FINRA requested, per Rule 8210, that Ferguson provide information and documentation pertaining to allegations that he engaged in misappropriation of monies belonging to a customer of County Capital Management Company’s affiliate. The AWC stated that FINRA called upon Ferguson to provide such information by February 12, 2016.
The AWC stated that on February 12, 2016, FINRA received an e-mail from Ferguson, in which Ferguson indicated that he was not going to provide FINRA with such information and documentation pursuant to their request, nor at any point afterwards. FINRA found that Ferguson’s failure to cooperate in this regard was violative of FINRA Rules 2010 and 8210, leading to his permanent bar.
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