Another former bank rep has been booted out of the industry for refusing to comply with a FINRA investigation.

Kerbye Arthur, a broker associate who worked for Wells Fargo in Greenacres, Florida, was barred for ignoring FINRA's repeated requests for documents and information it needed to investigate allegations that she made inaccurate statements on a mortgage gift letter, according to her recent settlement with the regulator.

Bloomberg News

Arthur's alleged statements in the mortgage gift letter related to another employee's mortgage application, FINRA said.

Arthur could not be reached for comment. In her settlement with FINRA, she neither admitted nor denied the charges but consented to an entry of FINRA's findings.

Arthur worked for both Wells Fargo Bank and Wells Fargo Advisors, according to BrokerCheck records. She joined the bank in February 2011 and began to work simultaneously for Wells Fargo Advisors in January 2015.

Arthur voluntarily resigned from Wells Fargo Advisors in August 2015 over the alleged inaccurate statements on the mortgage gift letter, her BrokerCheck report notes.

Emily Acquisto, a spokeswoman for Wells Fargo, declined to comment on the matter.

Arthur joins a former high-level Wells Fargo executive who was also barred last week for refusing to cooperate with a FINRA investigation. Shelley Freeman, the bank's former Los Angeles regional president who was dismissed in the wake of the bank's sales practices scandal, was ousted for declining to provide FINRA with requested documents.

At least eight former bank reps, not counting Freeman, have been barred this year for failing to comply with FINRA probes.

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