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Joshua Helmle Embroiled in Investor Dispute After Allegedly Failing to Supervise

Feb 28, 2022 Failure to Supervise

Joshua Helmle (CRD #:2195760), a broker formerly registered with Integrity Brokerage, is involved in an investor dispute, according to his  BrokerCheck Record accessed on February 19, 2022.  

According to the allegations filed on December 14, 2021, Joshua Helmle, who was the owner and Chief Compliance Officer of Integrity Brokerage, allegedly failed to supervise Jan Earl Haynes. Jan Earl Haynes allegedly recommended securities while asking the clients to write checks payable to Haynes Financial Group and was no longer responding to the client inquiries regarding the whereabouts of their investment dollars.

The damage amount requested is $489,862. The case is still pending.

Brokerage firms are required by FINRA under FINRA Rule 3110 to properly supervise their brokers and financial advisers. 

FINRA Rule 3110 requires firms to:

  1. Maintain a supervisory system reasonably designed to achieve compliance with FINRA rules. 
  2. Designate a registered principle whose job it is to carry out supervisory responsibilities. 
  3. Make reasonable efforts to determine that all supervisory personnel are qualified, either by experience or training. 

When an investment broker engages in wrongdoing against a client's interests resulting in losses or damages resulting from the misconduct, the brokerage firm and its designated supervisor may be held liable for the client's losses.

Employment Resignation Details

On December 17, 2020, Joshua Helmle was permitted to resign from his position at Integrity Brokerage following an internal investigation into Joshua Helmle's performance of supervisory responsibilities, potential breach of firm procedures, unauthorized representation of the firm in a disciplinary proceeding, and prior alleged misconduct in an enforcement proceeding. 

FINRA Bar

On April 22, 2020, Joshua Helmle was barred by FINRA after being named in a FINRA complaint. According to the allegations, Joshua Helmle permitted a statutorily disqualified person to engage in securities transactions. 

Statutory disqualifications include certain misdemeanors and felonies. 

Joshua Helmle also consented to a $10,753.33 fine.FINRA 

Background Information

Joshua Helmle has passed the following exams:

  • Series 65 - Uniform Investment Adviser Law Examination
  • Series 63 - Uniform Securities Agent State Law Examination
  • SIE - Securities Industry Essentials Examination
  • Series 55 - Limited Representative-Equity Trader Exam
  • Series 7 - General Securities Representative Examination
  • Series 6 - Investment Company Products/Variable Contracts Representative Examination
  • Series 28 - Introducing Broker/Dealer Financial Operations Principal Examination
  • Series 53 - Municipal Securities Principal Examination
  • Series 4 - Registered Options Principal Examination
  • Series 24 - General Securities Principal Examination

Besides Integrity Brokerage, Joshua Helmle has also worked with the following firms:

  • Tradeway Securities Group (CRD#:29794)
  • E. Frey & Company (CRD#:23595)
  • Nicholas-Applegate Securities (CRD#:31205)
  • Jack White & Company (CRD#:7645)
  • Legend Capital Corporation (CRD#:4149)
  • Titan/Value Equities Group (CRD#:6359)

Kurta Law Can Help 

If you have been victimized after working with Joshua Helmle, don't hesitate to contact 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. Please contact us for any questions about how to proceed.