FINRA Suspends Letisha Clarke-Ekwunife for Alleged Undisclosed Business Activities
Letisha Clarke-Ekwunife (CRD #: 6621090), a broker formerly registered with J.P. Morgan Securities, has been suspended by FINRA, according to her BrokerCheck record, accessed on July 30, 2022. If you want to learn more about Letisha Clarke-Ekwunife’s conduct as a broker, read on.
Suspension by FINRA
According to a Letter of Acceptance, Waiver & Consent (AWC) filed on June 6, 2022, Letisha Clarke-Ekwunife allegedly engaged in an outside business activity without notifying her firm, J.P. Morgan Securities.
Between March 2018 and October 2020, Letisha Clarke-Ekwunife allegedly formed and co-managed a photography and DJ business. The AWC alleges that she filed tax returns and corporate documents on behalf of the business, and reinvested the business’ revenue into its operations.
Letisha Clarke-Ekwunife allegedly falsely claimed that she had not engaged in any undisclosed outside business activities on two annual compliance questionnaires provided to J.P. Morgan.
The AWC concludes that this alleged conduct violates FINRA Rules 3270 and 2010.
FINRA Rules 3270 and 2010
FINRA Rule 3270 requires brokers to disclose to their firm any employment, contracting, or other business they engage in outside their firm. They must inform their firm of their role in the business and what compensation, if any, they expect to receive.
FINRA Rule 2010 requires brokers to uphold high standards of commercial honor. Violations of many FINRA rules are automatic violations of FINRA Rule 2010.
Letisha Clarke-Ekwunife consented to the following sanctions:
- $5,000 fine
- Two-month suspension
Her suspension began on June 6, 2022, and will end on August 5, 2022.
You can read the full AWC here.
Other Business Activities
Letisha Clarke-Ekwunife’s detailed BrokerCheck report does not currently list any outside business activities.
Discharge from J.P. Morgan Securities
On October 26, 2020, JPMorgan Chase Bank fired Letisha Clarke-Ekwunife for allegedly applying for and receiving a loan from the Small Business Administration without a legitimate business purpose.
Letisha Clarke-Ekwunife has passed the following exams:
- Series 66 – Uniform Combined State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 – General Securities Representative Examination
She previously worked for J.P. Morgan Securities (CRD#:79).
Kurta Law Can Help
If you worked with Letisha Clarke-Ekwunife 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.