In the Matter of Jeffrey Kenneth Galvani and Stuart A. Jeffery

Jeffrey Kenneth Galvani and Stuart A. Jeffery were barred from association with any FINRA member in all capacities. According to FINRA, the sanctions were based on the findings that Galvani and Jeffrey failed to provide on-the-record record testimony requested by FINRA in connection with its investigation their roles with outside entities that provided services to customers who traded low-priced securities, often known as penny stocks, and their disclosures to their member firm about those activities.

Summary generated from official Financial Industry Regulatory Authority press release