Pylar Pinkston Suspended by FINRA

Pylar Pinkston (CRD #: 1800007), a broker formerly registered with Wells Fargo Clearing Services, has been suspended by FINRA, according to her BrokerCheck record, accessed on July 5, 2023. Keep reading to learn more about her alleged conduct as a broker.

FINRA Suspension

On April 17, 2023, Pylar Pinkston received a Letter of Suspension alleging that she failed to comply with an arbitration award/settlement agreement or to adequately respond to a FINRA request for information about the status of his compliance.

Her suspension will continue until the required payment is made or discharged.

On September 1, 2022, Wells Fargo Clearing Services filed a complaint against Pylar Pinkston alleging that she breached a promissory note. An arbitration award made her liable for $134,431.66, the alleged amount of the note, plus interest.

You can read a copy of the arbitration award here.

Article VI, Section 3 of FINRA By-Laws

Article VI, Section 3 of FINRA By-Laws allows FINRA to suspend or cancel the membership of any member who fails to comply with arbitration awards or settlement agreements.

FINRA Rule 9554

FINRA Rule 9554 penalizes brokers for failing to comply with arbitration awards or settlements by suspending or canceling their registration. Brokers can request a hearing within 21 days, after which their suspension or cancellation becomes final.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Background Information

Pylar Pinkston 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 7 – General Securities Representative Examination

She previously worked for the following firms:

• Wells Fargo Clearing Services (CRD#:19616)
• Morgan Stanley Smith Barney (CRD#:149777)
• Citigroup Global Markets (CRD#:7059)
• Banc One Securities Corporation (CRD#:16999)
• MBank Capital Markets (CRD#:22904)
• Claremont Financial Services (CRD#:16260)

Kurta Law Can Help

If you worked with Pylar Pinkston 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.