According to FINRA, Luke Lasseter Brooks (CRD #7400412), a broker based in Gallatin, Tennessee, was suspended from the securities industry on August 26, 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 member firm when the individual fails to provide information or keep regulatory filings current. A suspension under this rule prohibits the individual from conducting any securities business through a FINRA-regulated firm for the duration of the suspension. The suspension may be lifted if the individual complies with FINRA's outstanding requests. This action was taken in connection with FINRA Case #2024081335201.

All registered representatives have a continuing obligation to respond to FINRA's information requests and maintain accurate regulatory filings. This obligation is a cornerstone of the self-regulatory framework that governs the securities industry. When individuals fail to meet this obligation, FINRA must take enforcement action to protect investors and maintain the integrity of the markets.

For investors, this suspension means that Brooks is currently not permitted to act in any capacity at a FINRA member firm. Investors who worked with Brooks should verify that their accounts have been transitioned to another qualified representative. FINRA's BrokerCheck system is a free and publicly available resource that investors can use to check the background of any current or former registered broker, including their regulatory history, employment record, and any customer disputes. Investors are encouraged to check BrokerCheck regularly to stay informed about the status of their financial professionals.