Jayanth Hebbar Fined and Suspended by FINRA
Jayanth Hebbar (CRD #: 5244889), a suspended stock broker, allegedly broker FINRA rules. This is according to his BrokerCheck record, accessed on May 16, 2022. Details regarding his suspension are provided below.
On March 1, 2022, FINRA suspended Jayanth Hebbar following allegations that he did not obtain his firm’s written consent to maintain outside securities accounts, in violation of FINRA Rule 3210. He allegedly had 11 outside securities accounts, of which he allegedly only disclosed one. He also allegedly executed trades for approximately 14 securities on Jeffries’ Restricted List — their list of securities that the firm prohibits their stock brokers from buying and selling.
FINRA fined Jayanth Hebbar $10,000 and suspended him for six months. This is according to his AWC—you can read a copy here.
Jayanth Hebbar was permitted to resign from Jeffries on December 23, 2020, following the same allegations described in the AWC.
Jayanth Hebbar has passed the following exams:
- SIE – Securities Industry Essentials Examination
- Series 56 Proprietary Trader Qualification Examination
Besides Jefferies (CRD #: 2347), he has also worked for Avatar Securities (CRD #: 147763).
Kurta Law Can Help
If you worked with Jayanth Hebbar and have concerns about your investments, please contact us today at 877-600-0098 or firstname.lastname@example.org for a free consultation.
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