Jan Haynes Suspended by FINRA for Allegedly Failing to Respond to Requests for Information

Jan Haynes (CRD #: 833875), a broker formerly registered with Integrity Brokerage Services, was recently suspended for allegedly failing to respond to FINRA requests for information, according to his BrokerCheck Record accessed on November 29, 2021. Jan Haynes’ alleged conduct is a violation of FINRA Rule 8210. 

FINRA Rule 8210 requires members to provide information under oath, if requested, regarding any matter that pertains to an investigation, complaint, examination, or proceeding. 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.” 

Sanctions 

Pursuant to FINRA Rule 9552 and in accordance with FINRA’s Notice of Suspension letter dated October 19, 2021, Jan Haynes was suspended on November 12, 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. This means if Jan Haynes fails to request termination of the suspension within three months of the date of the Notice of Suspension, he will automatically be barred on January 24, 2021, from association with any FINRA member in all capacities pursuant to FINRA Rule 9552(h). 

Investor Disputes 

Jan Haynes has a prior history of unsuitability disputes.  

A broker or financial advisor who recommends a security or investment is subject to FINRA rules. 

1. FINRA Rule 2111 requires registered financial advisors to have a “reasonable basis” to believe that a recommended transaction or investment strategy suits their client’s needs. 
2. FINRA Rule 2020 prohibits brokerage firms and stockbrokers from making material misrepresentations or inducing people into buying investments with false statements about their potential benefits. 
3. FINRA Rule 2010 states that brokers must uphold high standards of commercial honor.  

Pending Dispute 

On July 19, 2021, an investor filed a dispute against Jan Haynes. According to the investor, between 2015 and April 2020, he allegedly misrepresented unsuitable investment recommendations, engaged in potentially fraudulent activity with respect to certain investments, and breached his fiduciary duty. The damage amount requested is $589,862.00. 

Settled Disputes 

Between 2006 to 2021, Jan Haynes was involved in six suitability disputes. These disputes were collectively settled for $300,500.  

Investors who rely on their brokers for recommendations may be able to recover their losses through FINRA arbitration if their broker recommended or misinterpreted an unsuitable investment.  

Background Information 

Jan Haynes has passed the following exams: 

• Series 63 – Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• PC – AMEX Put and Call Exam 
• Series 7 – General Securities Representative Examination 
• Series 24 – General Securities Principal Examination 

Jan Haynes has also worked with the following firms 

• Centaurus Financial (CRD#:30833) 
• National Securities Corporation (CRD#:7569) 
• The Concord Equity Group (CRD#:14569) 
• First Montauk Securities Corp. (CRD#:13755) 

• J. Robbins Securities (CRD#:42584) 
• Ras Securities Corp. (CRD#:28212) 
• Cohig & Associates (CRD#:16184) 
• Dickinson & Co. (CRD#:689) 

• Advest, Inc. (CRD#:10) 
• Newhard, Cook & Co. Incorporated (CRD#:619) 
• Bateman Eichler, Hill Richards, Incorporated (CRD#:76) 
• E. F. Hutton & Company (CRD#:235) 
• Shearson Lehman Brothers (CRD#:7506) 

• Detwiler, Ryan & Co (CRD#:12956) 
• Sutro & Co. Incorporated (CRDd#:801) 
• San Diego Securities Incorporated (CRD#:4136) 
• Dean Witter Reynolds (CRD#:7556) 
• Shearson Loeb Rhoades (CRD#:7506) 

Kurta Law Can Help  

If you have been victimized by Jan Haynes as a broker, don’t hesitate to get in touch with us today at 877-600-0098 or 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 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.