According to FINRA, Samuel Girgiss (CRD #6088898), a broker based in Staten Island, New York, was barred from the securities industry on August 19, 2024, for failure to provide information or keep information current pursuant to FINRA Rule 9552(h).

FINRA Rule 9552(h) authorizes FINRA to impose a bar on any individual who fails to provide information requested by the regulator or fails to keep required regulatory filings current. A bar is a permanent prohibition from associating with any FINRA member firm and effectively ends the individual's career in the securities industry. This action was taken in connection with FINRA Case #2018056490312.

It is notable that the underlying case number in this matter dates back to 2018, suggesting that the investigation or inquiry that prompted the information request has been ongoing for a significant period. When FINRA issues information requests, registered persons are expected to comply promptly and fully. Prolonged failure to cooperate with these requests ultimately results in the severe sanction of a bar, reflecting FINRA's commitment to maintaining regulatory oversight.

For investors, this case highlights the importance of monitoring the regulatory status of financial professionals on an ongoing basis. A broker who was in good standing when you first opened your account may later face disciplinary action. FINRA's BrokerCheck tool allows investors to check for any new developments in a broker's regulatory history at any time, free of charge. Investors who previously worked with Girgiss should review their account records and transaction history. The bar means Girgiss can no longer conduct securities business through any FINRA-regulated firm, and investors should ensure their accounts have been properly transitioned to another qualified professional.