FINRA smacked the advisor with a 90-day suspension for downloading reams of confidential, nonpublic information for more than 2,000 customers of a credit union where he had previously been employed.
According to FINRA,
Tomlinson did not return a call for comment.
Prior to resigning from the credit union, where he worked as manager of the investment services group as well as a Raymond James branch manager, Tomlinson allegedly used a personal flash drive to download confidential customer information, including account balances, social security numbers, dates of birth, and quarterly account statements. Of the 2,000 customers whose information he downloaded, only about 200 were his clients, FINRA says.
FINRA slammed Tomlinson for downloading the information and then providing it to
“By downloading and disclosing nonpublic confidential information of his customers and other Raymond James and credit union customers, Tomlinson placed important and confidential customer information at risk and his own interests before his customers’ privacy interests,” FINRA’s
According to FINRA, Tomlinson provided the flash drive to a
“Anytime representatives start downloading stuff to flash drives, it’s immediately one of those things that’s really hard to defend,” said
While FINRA affirmed the original
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