Donovan St. Anthony Hunter Allegedly Engaged in Unapproved Outside Business Activities & Solicited Funds from a Customer
Donovan St. Anthony Hunter, of Houston Texas, and a stockbroker formerly employed by J.P. Morgan Securities LLC, allegedly engaged in unapproved outside business activities and also allegedly solicited funds from a customer, according to a FINRA Letter of Acceptance, Waiver & Consent (AWC) under review by investor rights attorney Alan Rosca.
The aforementioned AWC was included in a Final Regulatory Action filed on Hunter’s FINRA BrokerCheck Report. The Regulatory Action was filed on March 6, 2019, FINRA states, and also claims that Hunter allegedly used said client funds for his own personal use. J.P. Morgan alleged that Hunter allegedly solicited the investment from a customer of the firm, FINRA notes.
Donovan Hunter was allegedly discharged by J.P. Morgan on August 27, 2018 for purportedly soliciting investment in an unapproved outside business activity from a Chases Customer, allegedly using the funds for his personal use, FINRA states.
Hunter has allegedly not been associated with any FINRA member firm since his termination from J.P. Morgan, but still remains subject to FINRA’s jurisdiction under FINRA’s By-Laws, FINRA notes.
Donovan Hunter worked for J.P.. Morgan Securities in Houston, Texas from April 4th, 2016 until August 31, 2018, FINRA notes.
J.P.. Morgan Securities filed an Employment Separation After Allegations on August 27, 2018, FINRA notes.
Securities attorney Alan Rosca, of the Goldman Scarlato & Penny PC law firm, is investigating activity related to Donovan Hunter’s alleged unapproved outside business activities and solicitation of funds from a customer. Investors who believe they may have lost money in activity related to Donovan Hunter’s alleged unapproved outside business activities and solicitation of funds from a customer are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.
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Donovan Hunter Indefinitely Barred by FINRA
Donovan Hunter, based on the alleged aforementioned behavior, fell under the scope of a FINRA investigation, FINRA notes.
Hunter then refused to provide information requested by FINRA staff pursuant to FINRA Rules, FINRA states. Hunter thereby violated FINRA Rules, FINRA notes.
FINRA Rules authorize FINRA, in the course of its investigations, to require a person associated with a FINRA member to provide information orally, in writing, or electronically … with respect to any matter involved in the investigation.
Hunter allegedly received correspondence from FINRA which requested his information be provided under FINRA Rules so that FINRA could examine the accusations of Hunter’s alleged misconduct referenced by J.P. Morgan, FINRA notes.
Hunter’s response to FINRA’s requests were reportedly due on November 28, 2018 and December 27, 2018, respectively, FINRA states.
The aforementioned AWC states that Hunter allegedly did not respond to FINRA’s requests, and reportedly did not hand over the information until January 7, 2019, FINRA notes.
FINRA then tried to reach Hunter a second time to request more information from him for the investigation, yet, on February 8, 2019, Hunter purportedly reported to FINRA personnel that he would not be providing the information requested by the regulator, FINRA notes.
Hunter then reportedly confirmed that he understood the nature of FINRA’s request but would at no point be participating in the investigation into his alleged misconduct, the AWC states. FINRA then found Hunter’s conduct in violation of FINRA Rules, FINRA notes.
FINRA Rules further provide that no person shall fail to provide information … pursuant to this Rule, FINRA notes. Donovan Hunter was then indefinitely barred by FINRA for his failure to cooperate in FINRA’s investigation of the allegations that led to his termination, FINRA states.
Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints mentioned in this article, unless otherwise indicated.
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Securities Lawyer Investigating
The Goldman Scarlato & Penny PC law firm represents investors who lose money as a result of investment-related misconduct and are currently investigating Donovan Hunter’s alleged unapproved outside business activities and solicitation of funds from a customer. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.
Investors who believe they lost money as a result of Donovan Hunter’s alleged unapproved outside business activities and solicitation of funds from a customer may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at email@example.com, or through the contact form on this webpage.