Doan Nguyen Permanently Barred by FINRA
Doan Nguyen (CRD #: 6554242) has been barred by FINRA, according to his BrokerCheck record, accessed on June 19, 2022. Read on to learn more about Doan Nguyen’s conduct as a broker.
Bar by FINRA
A letter of Acceptance, Waiver & Consent (AWC) filed on April 21, 2022, alleges that Doan Nguyen refused to provide information and documents requested as part of a FINRA investigation into his resignation from Raymond James.
The AWC alleges that Raymond James cited the reason for Doan Nguyen’s resignation being his participation in an undisclosed and unapproved outside business activity.
The AWC states that the alleged refusal to provide information and documents violates FINRA Rules 8210 and 2010.
FINRA Rules 8210 and 2010
FINRA Rule 8210 requires members to submit their books and records for inspection by FINRA, as well as to appear for testimony, in connection with FINRA investigations.
A violation of FINRA Rule 8210 is also a violation of FINRA Rule 2010, which holds brokers to high standards of professional honor.
FINRA Rule 3270
FINRA Rule 3270 requires brokers to disclose to their firm any business activities they take part in outside of their role at their firm.
On April 21, 2022, Doan Nguyen was permanently barred from association with FINRA members in all capacities.
You can read the full AWC agreement here.
Outside Business Activity
Doan Nguyen’s detailed BrokerCheck report lists two outside business activities:
- Branch Compliance Supervisor and registered investment dealer at Raymond James Limited, the parent company of Raymond James (USA).
- Full-time employee at Raymond James Financial Planning, the insurance and estate planning division of Raymond James Limited. He engages in life insurance sales and financial planning.
Resignation from Raymond James
On April 14, 2021, Doan Nguyen was permitted to resign from Raymond James after allegedly participating in an outside business activity without the knowledge or approval of his firm.
Doan Nguyen has passed the following exams:
- Series 66 – Uniform Combined State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 – General Securities Representative Examination
- Series 24 – General Securities Principal Examination
He previously worked for Raymond James (USA) (CRD#:25853).
Kurta Law Can Help
If you worked with Doan Nguyen and you have concerns about your investments, please contact us today at 877-600-0098 or email@example.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.