FINRA Bars Bob Koestler For Alleged Refusal to Provide Testimony
Bob Koestler (CRD #: 7023515), a broker registered with LPL Financial, has been barred by FINRA, according to his BrokerCheck record, accessed on January 5, 2023. Read on to learn more about his alleged conduct as a broker.
Bar by FINRA
On November 29, 2022, Bob Koestler consented to the entry of findings that he allegedly refused to appear for on-the-record testimony requested by FINRA.
According to a Letter of Acceptance, Waiver & Consent (AWC), LPL Financial filed an amended Uniform Termination Notice for Securities Industry Registration (Form U5) disclosing that it had conducted an internal review into Bob Koestler’s alleged involvement in potentially unauthorized trading and the marking of solicited trades as unsolicited.
The AWC alleged Bob Koestler informed FINRA of his refusal to appear for on-the-record testimony on October 18, 2022.
The AWC concluded that this alleged refusal violated FINRA Rules 8210 and 2010.
FINRA Rule 8210
FINRA Rule 8210 requires members to submit their books and records for inspection and to appear for testimony in connection with FINRA investigations.
FINRA Rule 2010
FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.
Sanctions
Bob Koestler was indefinitely barred by FINRA starting on November 29, 2022.
You can read a copy of the AWC here.
Background Information
Bob Koestler has passed the following exams:
- Series 66 – Uniform Combined State Law Examination
- Series 7TO – General Securities Representative Examination
- SIE – Securities Industry Essentials Examination
He has also worked for LPL Financial (CRD#:6413) and Ameriprise Financial Services (CRD#:6363).
Kurta Law Can Help
If you worked with Bob Koestler and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.
For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.
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