A former broker with BBVA Securities in Birmingham, Alabama, was expelled from the industry on Tuesday for failing to cooperate with a FINRA investigation into alleged misconduct.
Eric Darty was terminated from BBVA in October after a series of unauthorized transactions involving accounts or funds of customers of both BBVA and its affiliate bank, FINRA claimed in a disciplinary filing.
The alleged wrongdoing occurred from November 2015 to October 2016, according to the regulator.
FINRA said Darty declined to provide bank and credit card statements, tax returns, cashiers' checks and other documents and information that it requested, a decision that automatically results in a bar.
Darty could not be reached for comment. In his settlement with FINRA, he neither admitted nor denied the charges but consented to an entry of FINRA's findings.
Darty worked for BBVA from March 2014 to October 2016, when he was discharged for irregularities in accounts in which he appeared to have been involved, according to his BrokerCheck report. He joined BBVA Compass, the firm's affiliate bank, in September 2012.
Al Ortiz, a spokesman for BBVA Compass, declined to comment, saying it does not disclose information concerning employee matters.
Register or login for access to this item and much more
All Bank Investment Consultant content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access