FINRA Bars Patrick English Following Alleged Failure to Provide Testimony
Patrick English (CRD #: 5189025), a broker formerly registered with Comerica Securities, has been barred by FINRA, according to his BrokerCheck record, accessed on October 22, 2022. If you want to know more about Patrick English’s conduct as a broker, read on.
Bar by FINRA
On August 12, 2022, Patrick English consented to the entry of findings that he allegedly refused to appear for on-the-record testimony requested by FINRA as part of an investigation into his resignation from Comerica Securities in 2021.
According to a Letter of Acceptance, Waiver & Consent (AWC), Comerica Securities filed a Uniform Termination Notice for Securities Industry Registration (Form U5) allegedly disclosing that the firm permitted Patrick English to resign due to the following allegations:
- Violations of firm policies and procedures involving the use of text messages for exchanging trading directions
- Improper use of discretion in client accounts
- False reports made to clients that unplaced trades had been executed
The AWC alleged that Patrick English initially cooperated with FINRA’s requests, providing documents and information in November 2021, but ceased cooperating in July 2022. On July 19, 2022, his counsel allegedly stated his refusal to appear for testimony.
The AWC concluded that this alleged refusal to appear for testimony violated FINRA Rules 8210 and 2010.
FINRA Rules 8210 and 2010
FINRA Rule 8210 requires members to supply records, information, and testimony upon request by FINRA.
FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.
Sanctions
FINRA permanently barred Patrick English on August 12, 2022.
You can read a copy of the AWC here.
Resignation from Comerica Securities
On February 9, 2021, Patrick English was permitted to resign from Comerica Securities following allegations that he represented to clients that their instructed transactions were executed when he had instead failed to place the transactions.
Background Information
Patrick English has passed the following exams:
- Series 66 – Uniform Combined State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 – General Securities Representative Examination
In the past, he worked for the following firms:
- Comerica Securities (CRD#:17079)
- Fidelity Brokerage Services (CRD#:7784)
- Wells Fargo Advisors (CRD#:19616)
- Wells Fargo Investments (CRD#:10582)
Kurta Law Can Help
If you worked with Patrick English and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com 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.
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