According to FINRA, Luis S. Jean-Bart (CRD #5472965), a broker based in Keyport, New Jersey, was suspended from the securities industry on August 5, 2024, for failure to provide information or keep information current pursuant to FINRA Rule 9552(d).

FINRA Rule 9552(d) authorizes FINRA to suspend an individual's association with any FINRA member firm when the individual fails to provide information or keep regulatory filings current. During the suspension period, Jean-Bart is prohibited from engaging in securities activities at any FINRA-regulated firm. The suspension can potentially be lifted if Jean-Bart comes into compliance with FINRA's outstanding requirements. This action was taken in connection with FINRA Case #2023080015801.

Maintaining open lines of communication with regulators is a fundamental requirement of working in the securities industry. FINRA's information requests serve as a critical tool for identifying potential compliance issues, investigating complaints, and ensuring that brokers and firms are meeting their obligations to customers. When registered representatives fail to cooperate, FINRA must take action to protect investors and uphold the standards of the profession.

For investors, a suspension under Rule 9552(d) means that Jean-Bart is currently prohibited from working in any capacity at a FINRA member firm. Investors who previously worked with Jean-Bart should confirm that their accounts have been reassigned to a qualified representative and review their account records for any discrepancies. FINRA's BrokerCheck is a free tool that provides investors with access to detailed background information on brokers, including employment history, licensing, regulatory actions, and customer complaints. Using BrokerCheck regularly helps investors stay informed and make sound decisions about their financial professionals.