The Financial Industry Regulatory Authority has barred a former Goldman Sachs broker over the firm’s allegation that he submitted inaccurate expense reimbursement requests, according to FINRA.
Without admitting or denying FINRA’s findings, Jared Ailstock signed a FINRA letter of acceptance, waiver and consent on April 2 in which he consented to its sanction against him that he be barred from associating with any FINRA member in all capacities. FINRA signed the letter Thursday.
Goldman Sachs and Adrienne Ward, an attorney at the New York law firm Olshan Frome Wolosky who represented Ailstock, did not immediately respond to requests for comment on Friday.
Ailstock became associated with Goldman Sachs in June 2015 and in July 2015 became registered with FINRA as a rep.
On Dec. 17, 2019, the firm filed a Form U5 Uniform Termination Notice disclosing that he had been discharged based on “concerns regarding inaccurate business expense reimbursement submissions for which the individual has agreed to work through a reimbursement plan,” according to FINRA.