FINRA Bars Morgan Stanley Stockbroker In Investigation

Peggy Jean Doherty-Punderson (also known as Peggy Jean Waller) of Lebanon New Hampshire a stockbroker formerly employed by Morgan Stanley has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on the stockbroker’s consent to findings that she failed to cooperate with FINRA during an investigation into transactions she executed with a customer of the firm. Letter of Acceptance Waiver and Consent No. 2019063842601 (Apr. 13, 2020).

According to the AWC, FINRA received word on September 5, 2019 that Doherty was discharged by Morgan Stanley during the period that the stockbroker was under investigation for having entered into a mortgage transaction with a Morgan Stanley customer. On February 25, 2020, FINRA prompted Doherty for information and documentation to determine if her transactions were violative of FINRA Rules.

On March 4, 2020, FINRA personnel were made aware from Doherty’s legal counsel that the stockbroker received the request for her documentation and information but would not be cooperating with that request at any point in FINRA’s investigation. The stockbroker’s conduct was violative of FINRA Rules 2010 and 8210.

Doherty was registered with Morgan Stanley between May 16, 2013 and September 5, 2019.