Taiwo Wiley (CRD #5638478) Has a Regulatory Event Disclosure on FINRA BrokerCheck

Taiwo Wiley (CRD #5638478) was previously registered as an investment professional. Taiwo Wiley’s FINRA BrokerCheck report shows a regulatory event. We reviewed the report on February 5, 2026. It reflects one regulatory event. If you invested with Taiwo Wiley and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Regulatory Action(s)

Taiwo Wiley’s FINRA BrokerCheck report reflects one regulatory event. A summary is below:

On December 29, 2025, FINRA issued a letter that suspended Taiwo Wiley in all capacities. The report lists the sanction as an indefinite suspension. FINRA cited a failure to comply with an arbitration award or settlement agreement. FINRA also cited a failure to respond to a request about the status of compliance. The report states the suspension continues until the required payment is made or the debt is discharged.

Related document: FINRA Arbitration Award (Case 24-00197)

Rule Summary #1: FINRA Rule 9554 (Failure to Comply with an Arbitration Award)

FINRA Rule 9554 allows FINRA to suspend an associated person who does not comply with an arbitration award or related settlement. The process can lead to an indefinite suspension until the obligation is satisfied. Read the rule here: FINRA Rule 9554

Rule Summary #2: FINRA Rule 12904 (Awards)

FINRA Rule 12904 explains how arbitration awards are issued and served in customer arbitrations. Award procedures matter because unpaid awards can trigger a FINRA Rule 9554 suspension. Read the rule here: FINRA Rule 12904

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on His FINRA BrokerCheck report, Taiwo Wiley:

Is not currently registered as an investment adviser representative, according to the IAPD/BrokerCheck report.

Has passed the Series 66 exam (Uniform Combined State Law Examination).

Was previously registered with firms that include Wells Fargo Clearing Services, LLC; Merrill Lynch, Pierce, Fenner & Smith Incorporated; and Wells Fargo Advisors, LLC.

Kurta Law Can Help

If you have worked with Taiwo Wiley and you have concerns about his activity, Kurta Law may be able to help you evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Securities Attorney | What Is Securities Fraud

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.