Igor Kislitsa is the Subject of a FINRA Investigation
Igor Kislitsa (CRD #: 6324794), a broker formerly registered with PFS Investments, was recently barred for allegedly failing to respond to FINRA requests for information, according to his BrokerCheck Record, accessed on December 16, 2021.
The investigation stems from allegations that he refused to provide documents and information requested by FINRA in connection with its investigation based on allegations in PFS Investments’ Form U5 for Igor Kislitsa dated June 22, 2020.
According to the Form U5, PFS Investments terminated Igor Kislitsa for allegedly completing securities applications without customers being present. The U5 also disclosed that an internal review revealed that Igor Kislitsa received the customers’ personally identifiable information through email and completed the application based on the emailed information.
By refusing to produce the documents and information requested pursuant to FINRA Rule 8210, Igor Kislitsa violated FINRA Rules 8210 and 2010.
FINRA Rule 8210 requires that registered brokers supply FINRA staff with all information and documents requested in the course of an investigation. A violation of FINRA Rule 8210 is also a violation of FINRA Rule 2010, which requires member firms and their associated persons to “observe high standards of commercial honor and just and equitable principles of trade.”
You can read a copy of the AWC here.
Pursuant to FINRA Rule 9552 and in accordance with FINRA’s Notice of Suspension letter dated December 15, 2020, Igor Kislitsa was suspended on January 8, 2021, from associating with any FINRA member firm in all capacities.
FINRA Rule 9552 applies in situations where a brokerage firm or representative has failed to provide information or keep information current. FINRA Rule 9552 is a Notice of Suspension if corrective action is not taken.
Employment Termination Details
On May 28, 2020, PFS Investments fired Igor Kislitsa for allegedly completing securities applications without the customer being present.
On December 25, 2015, Igor Kislitsa’s license was restricted for 3 years by California’s Department of Insurance after he failed to notify the commission of a felony charge within 30 days. According to the misdemeanor charges, Igor Kislitsa was involved in a DUI and evading a police officer.
Igor Kislitsa has passed the following exams:
- Series 63 – Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 6 – Investment Company Products/Variable Contracts Representative Examination
He has not worked with any other firm besides PFS Investments.
Kurta Law Can Help
If you have been victimized by Igor Kislitsa as a broker, don’t hesitate to get in touch with us today at 877-600-0098 or firstname.lastname@example.org 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 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. Please reach out if you have any questions about what steps to take next.