Former LPL Rep Jon L. Cox Under Investigation for Alleged Unauthorized Outside Business Activity and Loans
Jon L. Cox, of Knoxville, Tennessee and formerly of LPL Financial, was terminated on January 22, 2014 for “violation of firm policy regarding outside business activities,” according to a recent Complaint from FINRA’s Department of Enforcement.
Cox, first registered with LPL Financial in May of 2011, allegedly may have engaged in unauthorized outside business activities, private securities transactions and/or unauthorized customer loans, FINRA further alleges.
Cox Allegedly Failed to Respond to Three FINRA Requests; FINRA Levies Sanctions
After failing to respond to three requests to provide information, FINRA filed a complaint seeking sanctions against Cox, previously registered with J.J.B. Hilliard, W.L. Lyons from 8/1990-6/2001, including a bar from the securities industry, the aforementioned FINRA Complaint alleges.
Cox allegedly failed to comply with three written requests from FINRA staff that he provide documents and information pursuant to FlNRA Rules, thus violating multiple FINRA Rules.
Following his termination from LPL Financial, FINRA opened an investigation into whether Cox may have engaged in unauthorized outside business activities, private securities transactions and/or unauthorized customer loans, FINRA reports. After failing to respond to three requests to provide information, FINRA reports that it filed a complaint seeking sanctions, including a bar from the securities industry.
Investment Rights Lawyers Investigating
The Peiffer Wolf investment rights lawyers often represent investors who lose money as a result of investment misconduct. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of investment misconduct may contact the investment rights lawyers at Peiffer Wolf, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 585-310-5140.
Broker: Jon L. Cox
Status: INVESTIGATED by Peiffer Wolf.
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