According to FINRA, Nathan D. Caldwell has been barred from association with any FINRA member in all capacities for refusing to provide documents and information requested by FINRA.

FINRA's investigation was based on allegations made on a Form U5 filed by Caldwell's member firm. The Form U5 disclosed that Caldwell had been discharged from the firm as a result of his termination from a subscribing financial institution for unauthorized bank account transfers from a customer's account to his own account.

Unauthorized transfers from customer accounts to a representative's personal account constitute conversion, which is one of the most serious forms of misconduct in the securities industry. Conversion is essentially theft of customer funds and can result in criminal prosecution in addition to regulatory sanctions.

Caldwell's refusal to cooperate with FINRA's investigation resulted in a bar from the securities industry. Given the serious nature of the underlying allegations, this bar protects investors from potential future harm.

Investors should carefully monitor their bank and brokerage account statements for unauthorized transfers or withdrawals. If you notice any transactions you did not authorize, report them immediately to your financial institution and consider filing a complaint with FINRA.

If you were a customer of Nathan D. Caldwell and suspect that unauthorized transfers may have been made from your accounts, you should immediately contact your financial institutions to secure your accounts and consider consulting with both a securities attorney and law enforcement.