November 19, 2020
The Financial Industry Regulatory Authority (FINRA) Department of Enforcement recently approved a Letter of Acceptance, Waiver and Consent (AWC) submitted by former general securities representative Kathleen Bott barring her from associating with FINRA member firms by failing to cooperate with an investigation.
Botts was associated with D.A. Davidson & Co. from April 1999 until February 2020 in Spokane, Washington when she was forced to resign from her position upon facing theft charges. FINRA Department of Enforcement launched an investigation based upon the Form U5 filed by D.A. Davidson.
FINRA sent Bott a request for documents and information pursuant to FINRA Rule 8210, including Bott’s bank statements, on February 21, 2020. Bott provided a partial response to this request but failed to provide the requested bank statements. During a telephone call in late August 2020, Bott, through counsel, informed FINRA staff that she would not produce the requested bank statements or other documents.
Based on the foregoing, Kathleen Bott violated FINRA Rules 8210 and 2010. Bott consented to a bar from association from any FINRA member in any capacity, without admitting or denying any wrongdoing.