Jimmie Griffea Suspended by FINRA
Jimmie Griffea (CRD #: 6967113), a broker formerly registered with First Command Brokerage Services, has been suspended by FINRA, according to his BrokerCheck record, accessed on December 13, 2022. If you want to know more about his alleged conduct as a broker, read on.
On September 21, 2022, Jimmie Griffea consented to the entry of findings that he allegedly failed to amend his Uniform Application for Securities Industry Registration or Transfer (Form U4) to disclose a misdemeanor charge.
A Letter of Acceptance, Waiver, & Consent (AWC) alleged that the Form U4 during the relevant period contained Question 14(B)(1)(b): “Have you ever been charged with a misdemeanor specified in 14B(1)(a)?” Specified misdemeanors allegedly included “wrongful taking of property.”
Jimmie Griffea was allegedly aware of his misdemeanor theft charge in January 2020, but failed to amend his Form U4 to disclose it until after his resignation from First Command Brokerage Services in April 2021.
The AWC concluded that these allegations constituted violations of Article V, Section 2(c) of FINRA’s By-Laws and FINRA Rules 1122 and 2010.
Article V, Section 2(c) of FINRA’s By-Laws
Article V, Section 2(c) of FINRA’s By-Laws requires that FINRA members keep their application for registration current at all times and that amendments must be filed within 30 days of learning new information requiring an amendment.
FINRA Rule 1122
FINRA Rule 1122 prohibits the filing of incomplete or inaccurate information with respect to membership or registration documents.
FINRA Rule 2010
FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.
Jimmie Griffea consented to the following sanctions:
- $2,500 fine
- 3-month suspension
His suspension began on October 3, 2022, and will end on January 2, 2023.
You can read a copy of the AWC here.
Resignation from First Command Brokerage Services
On March 15, 2021, Jimmie Griffea was permitted to resign during an investigation by the firm into his alleged failure to disclose a reportable event to the firm.
On January 18, 2020, Jimmie Griffea was charged with misdemeanor theft/embezzlement of U.S. property.
Jimmie Griffea has passed the following exams:
- Series 66 – Uniform Combined State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 – General Securities Representative Examination
He has also worked for First Command Brokerage Services (CRD#:3641).
Kurta Law Can Help
If you worked with Jimmie Griffea and you have concerns about your investments, please contact us today at 877-600-0098 or firstname.lastname@example.org for a free consultation.
For over 20 years, Kurta Law has advocated on behalf of investors who want 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.