Tyrel L. Sipe— Refusing to Appear for Testimony Regarding His Discharge

Tyrel L. Sipe Allegedly Refused to Appear for Testimony Regarding His Discharge from W&S Brokerage Services, Inc.

Tyrel L. Sipe allegedly refused to appear for testimony regarding his discharge from W&S Brokerage Services, Inc. (WSBS), according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC).

Starting on May 6, 2015, FINRA staff sent requests to Sipe that he appear in person to give testimony in Philadelphia regarding his discharge from WSBS, according to the AWC.

Tyrel L. Sipe Barred by FINRA from Associating with Any Member Firm in Any Capacity

Tyrel L. Sipe reportedly e-mailed FINRA staff on May 14, 2015 that he would not appear to give on-the-record testimony, and thus violated FINRA Rules, according to the AWC.

As a result of the aforementioned behavior, Sipe has been barred by FINRA from associating with any FINRA Member Firm in any capacity.

In April 2013, the AWC reports, Sipe completed and signed a Uniform Application for Securities Industry Registration or Transfer seeking to become registered with FINRA through W&S Brokerage Services, Inc. On January 27, 2014, WSBS filed a Form U5 terminating Sipe, who has not been associated with any member firm since January 27, 2014, but remains subject to FINRA’s jurisdiction, according to the AWC.

The Peiffer Rosca Wolf Securities Lawyers Help Investors

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of broker 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 broker misconduct may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1159 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.