Jacob Popek Subject of FINRA Fine and Suspension
Jacob Popek (CRD #: 6815448), a broker previously registered with Country Capital Management Company, is the subject of a FINRA fine and suspension, according to his BrokerCheck record, accessed on November 8, 2021. This suspension stems from allegations related to undisclosed outside securities accounts in violation of FINRA Rules 3210 and 2010.
FINRA Letter of Acceptance, Waiver, and Consent Agreement
According to an Acceptance, Waiver, and Consent agreement dated September 9, 2021, Jacob Popek consented to the findings that he failed to obtain written consent from his member firm, Wells Fargo Clearing Services, to maintain or open outside securities accounts.
The findings further allege that Jacob Popek continued to maintain and effect trades in his outside brokerage accounts after informing the firm of the accounts and receiving multiple instructions from Wells Fargo Clearing Services to close the accounts. Jacob Popek also reportedly maintained additional outside brokerage accounts that he failed to disclose to Wells Fargo Clearing Services. He allegedly falsely attested on a firm compliance questionnaire that he had no outside brokerage accounts. By failing to acquire written permission from his member firm to keep or open outside securities accounts, he allegedly violated FINRA Rules 3210 and 2010.
You can read a copy of the AWC here.
FINRA Rules 3210 and 2010
According to FINRA Rule 3210, all registered members must declare their outside accounts to their member firm and notify their member firm in writing when they intend to open any new account. A violation of FINRA Rule 3210 also constitutes a violation of FINRA Rule 2010, which requires registered representatives to observe high standards of commercial honor and just and equitable principles of trade.
As part of the terms of the AWC, Jacob Popek consented to a three-month suspension and a $2,500 fine. His suspension ends on December 19, 2021.
Jacob Popek Employment Termination Details
On April 21, 2020, Jacob Popek was fired from his position at Wells Fargo Clearing Services following allegations that he provided inaccurate information to his manager and Wells Fargo Clearing Services regarding the status of an outside brokerage account.
Jacob Popek Background Information
Jacob Popek has passed the following exams:
- Series 66 - Uniform Combined State Law Examination
- Series 63 - Uniform Securities Agent State Law Examination
- SIE - Securities Industry Essentials Examination
- Series 7 - General Securities Representative Examination
He has worked with the following firms:
- Country Capital Management Company (CRD#:12060)
- Wells Fargo Clearing Services (CRD#:19616)
- TD Ameritrade (CRD#:7870)
- Scottrade, Inc (CRD#:8206)
Kurta Law Can Help
If you have been victimized after working with Jacob Popek, don't hesitate to contact us today at 877-600-0098 or email@example.com for a free consultation.
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