Stewart Ginn

A disciplinary Proceeding was initiated on October 17, 2023, by FINRA’s Department of Enforcement against Stewart Ginn. On August 16, 2024, Ginn submitted an Offer of Settlement, which was accepted by the Complainant, NAC, or ODA, and is now formalized in this Order under FINRA Rule 9270(e)(3). In the settlement, Ginn consents to findings and sanctions without admitting or denying the allegations. Ginn, who has been a General Securities Representative since 2015 with Independent Financial Group, LLC, excessively traded five customers’ accounts from July 2020 to December 2022. The affected customers, including three retired seniors, incurred losses of over $2.22 million while Ginn and IFG earned more than $2.24 million in commissions. Ginn’s actions included frequent, high-cost trading without proper authorization and exercising discretion without written consent, violating FINRA Rules 2010, 2111, 3260, and the Best Interest Obligation under Regulation BI. This Order will be part of Ginn’s permanent disciplinary record and may be used in future actions by FINRA.