← Broker database 2025-09-15
Harry Harper Warnick Barred for Failing to Provide Information to FINRA
According to FINRA, Harry Harper Warnick was barred from association with any FINRA member firm in all capacities for failing to provide information and documents requested by FINRA in connection with its investigation.
FINRA was investigating whether Warnick participated in an undisclosed private securities transaction and outside business activity (OBA) and maintained an undisclosed securities account. When FINRA requested information and documents related to these matters, Warnick failed to provide them.
Private securities transactions are securities transactions outside the regular course or scope of an associated person's employment with a member firm. FINRA rules require associated persons to provide written notice to their firms before participating in such transactions and to obtain firm approval. These requirements exist to ensure proper supervision and to protect investors from potential conflicts of interest.
Similarly, outside business activities must be disclosed to member firms so that the firm can evaluate whether the activity creates any conflicts of interest or requires additional supervision. Undisclosed securities accounts raise concerns about potential trading violations or conflicts with customer interests.
By failing to provide the requested information, Warnick prevented FINRA from determining whether he had violated these important investor protection rules. FINRA's ability to request and receive information from associated persons is essential to its regulatory mission.
The bar imposed on Warnick reflects the seriousness with which FINRA views failures to cooperate with investigations. Investors should be aware that securities professionals are required to disclose their outside activities and that FINRA actively investigates potential violations of these disclosure requirements.