Ann Box: Did Barred Cambridge Advisor Misappropriate Funds?

Dallas financial advisor Ann Box (CRD# 1662151) has been barred by the Financial Industry Regulatory Authority, which found she refused to cooperate with an investigation into her conduct. FINRA records show that she was most recently a broker and investment advisor with Cambridge Investment Research, having previously been registered with Royal Alliance Associates and Securities America. 

According to a Letter of Acceptance, Waiver and Consent (No. 2021070501001) issued in June 2022, Cambridge Investment Research terminated Ann Box in February 2022 after she allegedly “engaged in an outside business activity prior to receiving firm approval.” On March 29, 2022, FINRA sent her a request to produce information and documents on or before April 12, 2022. The request was made under FINRA Rule 8210, which gives FINRA the right to require persons under its jurisdiction to provide information with respect to any matter under its investigation. This rule states further that no person under its jurisdiction shall fail to provide such requested information. The AWC Letter states that FINRA sent Ms. Box a second request to produce documents an information on April 13, 2022. Ms. Box indicated to FINRA in phone calls on April 12, 2022 and May 23, 2022 that she would not produce the requested documents and information. FINRA found that this refusal constituted violations of FINRA rules, indefinitely barring her from associating with any FINRA member firm in any capacity.

Ms. Box’s BrokerCheck report discloses her February 2022 termination from Cambridge Investment Research. According to the disclosure, she was fired in relation to allegations that she “may have misappropriated funds in her role as executrix of an estate for an unapproved outside business activity.”

According to the Financial Industry Regulatory Authority, Ann Box holds 30 years of securities industry experience and has been barred from acting as a broker. Most recently based in Dallas, Texas, she has been registered with Cambridge Investment Research, Royal Alliance Associates, Securities America, Investment Professionals, CUSO Financial Services, McNally Financial Services Corporation, Merrill Lynch, Edward Jones, Nationwide Investment Services Corporation, and Waddell & Reed. Her credentials include the passage of seven securities industry qualifying examinations: the Direct Participation Programs Representative Examination, or Series 22; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Futures Managed Funds Examination, or Series 31; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Combined State Law Examination, or Series 66. She is currently not licensed as a broker in any US state or territory. (Information current as of June 24, 2022.)

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