Wesley Evans Barred by FINRA and the SEC
Wesley Evans (CRD #: 6617516) has been barred by FINRA and the SEC, according to his BrokerCheck record, accessed on July 22, 2022. Read on if you want to know more about Wesley Evans’s conduct as a broker.
Bar by SEC
On June 30, 2022, the Securities and Exchange Commission concluded an investigation into Wesley Evans’ conduct.
The investigation allegedly found that the State of Washington Department of Financial Institutions entered a final order on March 25, 2021, denying “any future applications by Respondent Evans to be registered as an investment adviser, broker-dealer, investment adviser representative, or securities salesperson.”
According to that order by the State of Washington, Wesley Evans allegedly engaged in “dishonest and unethical business practices” in violation of Section 460-22B-090 of the Washington Administrative Code by misappropriating clients’ funds. He allegedly transferred $14,740 from two clients’ bank accounts to his personal credit cards.
Section 460-22B-090 of the Washington Administrative Code
Section 460-22B-090 of the Washington Administrative Code prohibits the use of dishonest and unethical business practices with regard to the purchase and sale of securities, including the use of investors’ funds.
Sanctions
As a result of the SEC investigation, Welsey Evans was permanently barred.
He is also indefinitely barred from participating in penny stock offerings. These bars went into effect on June 30, 2022.
Bar by FINRA
On July 2, 2020, Wesley Evans consented to the entry of findings that he allegedly refused to provide information and documents in conjunction with a FINRA investigation into his discharge from J.P. Morgan Securities.
According to a letter of Acceptance, Waiver & Consent (AWC), J.P. Morgan Securities allegedly filed a Uniform Termination Notice for Securities Industry Registration (Form U5) on May 5, 2020, stating that Wesley Evans was fired for misappropriating approximately $15,740 in funds from the accounts of JP Morgan Chase Bank customers.
Wesley Evans’ alleged refusal to provide documents and information constitutes violations of FINRA Rules 8210 and 2010.
FINRA Rules 8210 and 2010
FINRA Rule 8210 requires brokers to provide testimony, information, and documents when requested by FINRA. Violations of this rule also violate FINRA Rule 2010, which holds brokers to high standards of commercial honor.
Sanctions
Wesley Evans was indefinitely barred by FINRA in all capacities starting on July 2, 2020.
You can read the full AWC filing here.
Discharge from JP Morgan Securities
On April 23, 2020, Wesley Evans was fired by JP Morgan Chase Bank for allegedly misappropriating approximately $15,740 from bank customers for his personal use.
Background Information
Wesley Evans has passed the following exams:
- Series 63 – Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 6 – Investment Company Products/Variable Contracts Representative Examination
He was previously registered with J.P. Morgan Securities (CRD#:79).
Kurta Law Can Help
If you worked with Wesley Evans 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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