According to FINRA, Ceondre LaQuan Colvin was barred from association with any FINRA member firm in all capacities after refusing to provide documents and information and refusing to appear for on-the-record testimony.

FINRA was investigating a customer complaint filed against Colvin. According to the findings, Colvin was discharged from his member firm after a review found, among other things, that he made unauthorized withdrawals from two customers' bank accounts to pay for his personal expenses.

When FINRA requested documents and information and sought testimony regarding these allegations, Colvin refused to comply. Under FINRA Rule 8210, associated persons must cooperate with investigations by providing requested materials and appearing for testimony.

The allegation of unauthorized withdrawals from customer bank accounts is extremely serious, potentially constituting conversion or theft of customer funds. By refusing to cooperate with the investigation, Colvin prevented FINRA from fully examining these allegations.

The bar permanently prohibits Colvin from working at any FINRA member firm. Customers who may have been affected by unauthorized withdrawals should be aware that while Colvin has been removed from the industry, they may have additional remedies available through FINRA arbitration or other legal proceedings. Investors should regularly review their account statements for any unauthorized transactions and report suspicious activity immediately.