Bankers Life Stockbroker Barred In Investigation
Jefferey William Dyra of Naperville Illinois a stockbroker formerly employed by Bankers Life Securities has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Dyra refused to cooperate with a FINRA investigation into accusations of his misappropriation of customer funds. Letter of Acceptance Waiver and Consent No. 2019063228001 (Oct. 29, 2019).
According to the AWC, Dyra had been discharged by Bankers Life Securities on July 12, 2019 founded upon allegations that the funds belonging to one of his customers at Banker’s affiliate company had been misappropriated by the stockbroker. Allegedly, an investigation into Dyra’s activities commenced by FINRA following receipt of Bankers Life Securities’ information. Specifically, FINRA sought to determine if Dyra’s activities ran afoul of FINRA rules or federal securities laws.
The AWC stated that on July 31, 2019 and again on August 27, 2019, Dyra was asked by FINRA to furnish information and documentation. Allegedly, the request had been acknowledged by Dyra on September 2, 2019. However, FINRA was informed that Dyra would at no point cooperate in the investigation into his possible misappropriation of customer funds. Dyra’s conduct was found by FINRA to be violative of FINRA Rules 2010 and 8210.