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Ceondre Colvin Barred by FINRA

Ceondre Colvin (CRD #: 7329753), a broker formerly registered with NYLIFE Securities, has been barred by FINRA, according to his BrokerCheck record, accessed on January 14, 2024. Keep reading if you have questions regarding his alleged conduct. 

Bar by FINRA

On November 27, 2024, Ceondre Colvin consented to the entry of findings that he allegedly refused to provide documents and information and to appear for on-the-record testimony requested as part of a FINRA investigation.

According to a Letter of Acceptance, Waiver & Consent (AWC), FINRA was allegedly investigating an investor complaint filed against Ceondre Colvin, disclosed in an amendment to his Uniform Termination Notice for Securities Industry Registration (Form U5).

The AWC concluded that Ceondre Colvin’s alleged refusal to comply with FINRA requests 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

Ceondre Colvin was barred by FINRA on November 27, 2024. You can read the full AWC here.

Termination from NYLIFE Securities

On May 30, 2024, NYLIFE Securities fired Ceondre Colvin for allegedly making unauthorized withdrawals from two clients’ bank accounts to pay for personal expenses. The firm allegedly also filed a fraud report with the Pennsylvania Division of Insurance.

FINRA Rule 2150

FINRA Rule 2150 prohibits the improper use of investors’ funds.

Investor Dispute

On March 22, 2024, an investor named Ceondre Colvin in a dispute alleging that he incurred a surrender charge upon transferring a variable annuity in December 2022. The investor further alleged that Ceondre Colvin did not inform him that, instead of investing in an IRA, the client was invested in the stock market.

Lastly, the client alleged that money was withdrawn from his credit union account using information he provided. This dispute was settled for $95,549.48.

FINRA Rule 2020

FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts, like surrender charges, violates this rule.

Background Information 

Ceondre Colvin has passed the following exams: 

  • Series 6TO Investment Company Products/Variable Contracts Representative Examination 
  • SIE – Securities Industry Essentials Examination 

He previously worked with NYLIFE Securities (CRD#:5167).

Kurta Law Can Help 

If you have worked with Ceondre Colvin and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that 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. Do not let securities fraud go unchecked. Start your recovery process today.