FINRA Bars Fidelity Stockbroker In Investigation

Gregory John Stouffer of New York New York a stockbroker formerly registered with Gregory John Stouffer has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to furnish information and documentation to FINRA when he was under investigation. Letter of Acceptance Waiver and Consent No. 2019062357401 (Apr. 17, 2020).

According to the AWC, on March 20, 2020, Stouffer was asked by FINRA to hand over information and documentation and to testify for the regulator as part of its investigation. The AWC stated that FINRA was notified by Stouffer’s legal counsel on April 11, 2020 that Stouffer would not be complying by either furnishing any of the requested information or by providing recorded testimony. Stouffer violated FINRA Rules 2010 and 8210 by declining to cooperate with the regulator.

FINRA Public Disclosure reveals that a customer filed an investment related complaint involving Stouffer’s conduct in which the customer requested compensatory damages based upon allegations that misrepresentations had been made by Stouffer as it pertained to a variable annuity purchased by the customer when Stouffer was associated with Chase Investment Services Corp (now known as JP Morgan Securities LLC). The complaint also alleges that the customer was prompted by Stouffer to sign blank documents relating to the purchase of the annuity.

Stouffer was registered with Fidelity Brokerage Services between December 21, 2012 and April 19, 2018.