Jonathan Affe Suspended by FINRA for Allegedly Impersonating Client
Jonathan Affe (CRD #: 4706650), a broker formerly registered with Aegis Capital, was suspended by FINRA, according to his BrokerCheck record, accessed on June 20, 2022. Keep reading if you have questions about Jonathan Affe’s conduct as a broker.
Suspension by FINRA
On April 20, 2022, Jonathan Affe consented to the entry of findings that he allegedly impersonated a client while employed by Vanderbilt Securities.
The Acceptance, Waiver & Consent (AWC) agreement alleges that, on May 18, 2018, Jonathan Affe impersonated the client in the presence of another firm customer as well as during four telephone calls with an insurance company. The alleged purpose of these calls was to obtain information regarding the client’s variable annuity.
The AWC concludes that the alleged impersonation violates FINRA Rule 2010.
FINRA Rule 2010
FINRA Rule 2010 requires brokers to maintain high standards of commercial honor and ethical conduct. Violations of many FINRA Rules qualify as automatic violations of this rule.
Jonathan Affe consented to the following sanctions:
- $5,000 fine
- 15-business day suspension
- His suspension began on May 2, 2022, and ended on May 20, 2022.
You can read the full AWC here.
Previous Allegations of Customer Impersonation
Two firms made similar allegations, suggesting a pattern of misconduct.
Resignation from Vanderbilt Securities
On September 11, 2020, Jonathan Affe was permitted to resign from Vanderbilt Securities after allegedly impersonating a client in May 2018 to obtain information about a variable annuity contract with Ohio National on the client’s behalf.
Resignation from Centaurus Financial
On December 13, 2016, Jonathan Affe was permitted to resign from Centaurus Financial after allegedly impersonating clients during phone calls with the Annuity Operations branch of Prudential Financial.
Jonathan Affe has passed the following exams:
- Series 66 – Uniform Combined State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 – General Securities Representative Examination
He previously worked for the following firms:
- Aegis Capital (CRD#:15007)
- Vanderbilt Securities (CRD#:5953)
- Centaurus Financial (CRD#:30833)
- AXA Advisors (CRD#:6627)
Kurta Law Can Help
If you worked with Jonathan Affe 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.