Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on February 10, 2017 indicate that former Florida-based Harbor Light Securities broker Jennifer Steele has been sanctioned by FINRA and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Ms. Steele (CRD# 2761110).
Jennifer Steele has spent sixteen years in the securities industry and was most recently registered with Harbor Light Securities in Tampa, Florida (2012-2016). Previous registrations include JP Turner & Company in Tampa, Florida; Gunnallen Financial in Tampa, Florida; and Wachovia Securities in St. Louis, Missouri. She is currently not registered with any state or firm.
According to her BrokerCheck report, Jennifer Steele has been sanction by FINRA.
In November 2016 FINRA sanctioned Jennifer Steele following allegations “failed to provide prior written notice to, and receive approval from her employing member firm of an outside business activity for which she was the sole owner and managing member, and from which she had a reasonable expectation of compensation.” According to FINRA: “the outside business activity was a limited liability corporation that had been formed for tax and asset protection purposes, and Steele received a salary and distributions from the outside business. The findings stated that the firm’s written supervisory procedures (WSPs) required registered representatives to provide prior written notice to the firm and to receive approval from the firm for all outside business activities.” She was issued a one-month suspension and a fine of $5,000.
FINRA rules dictate that brokers like Jennifer Steele may not participate in outside business activities without providing written notice to their employer. FINRA Rule 3270 states: “No registered person may be an employee, independent contractor, sole proprietor, officer, director or partner of another person, or be compensated, or have the reasonable expectation of compensation, from any other person as a result of any business activity outside the scope of the relationship with his or her member firm, unless he or she has provided prior written notice to the member, in such form as specified by the member.” Brokers who violate this rule may be subject to disciplinary activity.
If you or someone you know has a complaint regarding Jennifer Steele, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup lost funds. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.