According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Jermaine Joseph violated securities laws and PFS Investments firm policies. Allegedly, from June 2015 until March 2016, Mr. Joseph comingled more than $30,000 worth of customer funds with his own funds by depositing a check from the customer into an account he controlled. In April 2016, he also allegedly made false statements to PFS in connection with the firm’s investigation into him. In January 2014, he submitted a false compliance attestation to PFS in which he attested that he had no outside securities accounts. For this, he was barred from the industry. According to his FINRA BrokerCheck report, Mr. Joseph was registered with PFS Investments in Hialeah Gardens, Florida from April 2013 until February 2015, and PFS Investments in Hialeah Gardens from June 2015 until May 2016, and is not currently registered as a broker.
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