Jason Goodhue is Subject of FINRA Investigation After Allegedly Executing Unauthorized Trades
Jason Goodhue (CRD #: 5121680), a broker registered with Capitol Securities Management, is the subject of a FINRA investigation for allegedly exercising discretionary power in customers’ accounts without prior written authorization, according to his BrokerCheck Record, accessed on December 26, 2021.
A broker must always have the customer’s written authorization before executing any transactions in their account. This is in accordance with FINRA Rule 3260(b), which states that a broker shall not exercise any discretionary power in a customer’s account unless given prior written authorization.
A broker executing unauthorized trades in a customer’s account also violates FINRA Rule 2010, which requires associated persons to observe high standards of commercial honor and just and equitable principles of trade.
On October 11, 2019, Jason Goodhue voluntarily resigned from his position at Buell Securities after allegedly providing dishonest statements to his member firm. According to the allegations, Jason Goodhue claimed that he was given verbal authorization to exercise discretionary power in a customers’ account, However, this was untrue. Jason Goodhue then reportedly asked his co-workers to cover up for his transgression and not disclose that he said he actually had not received oral confirmation from the client.
Jason Goodhue alleged misconduct is a violation of FINRA Rule 2010 which states that FINRA members must observe “high standards of commercial honor and just and equitable principles of trade” in the conduct of their business.
Jason Goodhue has passed the following exams:
- Series 63 – Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 – General Securities Representative Examination
He is a registered broker in 20 states.
Besides Capitol Securities Management and Buell Securities Jason Goodhue has not worked with any other firm.
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