In the Matter of Duggins

Duggins allegedly failed to provide on-the-record testimony requested by FINRA as a part of its investigation into whether Duggins churned and excessively traded customer accounts. The complaint alleges that Duggins initially cooperated with the investigation, producing documents including financial statements in response to a request from FINRA. However, Duggins did not appear for testimony in three instances, nor did he contact FINRA to reschedule his testimony. The testimony requested of Duggins was material to FINRA’s investigation and his refusal to appear for testimony impeded its investigation into his potential misconduct, according to FINRA

Summary generated from official Financial Industry Regulatory Authority press release