Trey Taylor (CRD#: 4641256), a broker with International Assets Advisory LLC (CRD#: 10645) and a Registered Investment Adviser (RIA) with International Assets Investment Management LLC (CRD#: 144426) in Springdale, Arkansas, has been suspended by the Financial Industry Regulatory Authority (FINRA), according to his BrokerCheck record accessed on July 15, 2020. Why was Trey Taylor suspended? Read on to learn more.
On June 29, 2020, Trey Taylor consented to FINRA’s findings that he participated in a $30,000 private securities transaction without receiving written approval from his member firm, and in fact concealed the investment from his member firm. This is a violation of FINRA Rule 3280. When the firm learned that Trey Taylor was participating in this transaction, or thinking about it, they warned him that doing so could result in his termination. He denied that he was involved, but this was false. Ultimately, Trey Taylor entered into an Acceptance, Waiver, and Consent (AWC) with FINRA. He consented to a $7,500 fine and a three-month suspension. His suspension will last from July 20, 2020 through October 19, 2020. A copy of Trey Taylor’s AWC can be viewed here.
This recent suspension is not the only disclosure on Trey Taylor’s BrokerCheck record, nor is it the first time that “selling away” has landed him in hot water. On June 11, 2018, a client alleged that Trey Taylor recommended an investment that was not approved by the firm (also known as “selling away”). The client further alleged that Trey Taylor accepted a personal loan. The matter later settled.
Trey Taylor has passed the Series 66 – Uniform Combined State Law Examination, the SIE – Securities Industry Essentials Examination, the Series 7 – General Securities Representative Examination, and the Series 26 – Investment Company Products/Variable Contracts Principal Examination. He is a registered representative and Registered Investment ADviser (RIA) in Arkansas. He is also licensed to sell securities in Oklahoma.
Over his 17-year career in the securities industry, Trey Taylor has worked for seven firms. In addition to International Assets Advisory LLC (CRD#: 10645) and International Assets Investment Management LLC (CRD#: 144426), he has also worked for:
- Moloney Securities Asset Management LLC (CRD#: 282448)
- Moloney Securities Co., Inc. (CRD#: 38535)
- Cetera Advisor Networks LLC (CRD#: 13572)
- Tower Square Securities, Inc. (CRD#: 833)
- Prudential Financial Planning Services (CRD#: 5685)
- Pruco Securities LLC (CRD#: 5685)
If Trey Taylor was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta to learn more about your options for investment loss recovery. Call (877) 238-4175 or email firstname.lastname@example.org for your free case consultation with a securities attorney.