The Financial Industry Regulatory Authority barred an ex-Wells Fargo broker from association with any FINRA member in any capacity after he refused to appear for on-the-record testimony as part of an investigation into the events that resulted in his termination from the firm for “unprofessional conduct,” according to FINRA.
Without admitting or denying the findings, Leonard C. Kinsman signed a letter of acceptance, waiver and consent May 8 in which he agreed to FINRA’s sanction. FINRA accepted the letter Wednesday.
From June 2014 to July 2019, Kinsman was registered as a general securities representative through an association with Wells Fargo Advisors Financial Network, according to FINRA. He was also registered through the firm as a general securities principal from March 2015 to July 2019.
On July 4, 2019, Wells Fargo filed a Form U5, stating that it discharged Kinsman for unprofessional conduct, according to the FINRA AWC letter, which did not specify what he did to warrant the termination.
Wells Fargo declined to comment Thursday. A. Manny Alicandro, the attorney who represented Kinsman in the dispute with FINRA, did not immediately respond to a request for comment.