According to FINRA, Christopher Bailey was barred from association with any FINRA member firm in all capacities after failing to provide documents requested during an investigation.

FINRA was investigating allegations made on a Form U5 filed by Bailey's former member firm. The Form U5 indicated that Bailey was discharged in connection with an investigation regarding certain life insurance sales practices, including a pattern of incorrect bank account information for premium payments and receipt of advance commissions.

While Bailey produced some documents and information in response to FINRA's requests, he failed to produce other requested documents, including bank statements. Bailey acknowledged receiving the requests but stated he would not produce the additional documents at any time.

Under FINRA Rule 8210, associated persons must provide all requested documents to FINRA during investigations. Partial compliance is not sufficient. By refusing to provide the bank statements and other requested documents, Bailey obstructed FINRA's ability to fully investigate the allegations regarding his life insurance sales practices.

The bar permanently prohibits Bailey from working at any FINRA member firm. This case illustrates that FINRA will impose serious consequences when individuals refuse to fully cooperate with investigations, regardless of whether they provide some documents. Investors who purchased life insurance products from Bailey may want to review their accounts for any irregularities.