According to FINRA, Jason David Rodriguez of Clifton, New Jersey was assessed a deferred fine of $7,500 and suspended from association with any FINRA member in all capacities for three months for willfully failing to amend his Form U4 to disclose felony charges.

On August 2, 2023, New Jersey charged Rodriguez with two felony counts of assault by automobile. These charges were required to be reported on his Form U4, but Rodriguez was aware of the charges and failed to amend his Form U4 within the required 30 days or notify his member firm at any point during his association.

In July 2024, after FINRA inquired about the charges, the firm amended Rodriguez's Form U4 to disclose them—nearly a year after the charges were filed.

Additionally, Rodriguez provided a false answer on a firm compliance certification, stating he had not previously been arrested, arraigned, indicted, or convicted of any criminal offense (other than a minor traffic violation).

Form U4 disclosure requirements exist to ensure that firms, regulators, and investors have accurate information about registered persons. Criminal charges, even for non-financial matters, are relevant to evaluating a person's fitness to work in the securities industry.

Willful failure to disclose required information can have consequences beyond FINRA sanctions, potentially including statutory disqualification from the securities industry.

The suspension is in effect from June 16 through September 15, 2025.

Investors can view all disclosed information about registered persons, including criminal charges and regulatory actions, through FINRA BrokerCheck at brokercheck.finra.org.