FINRA Bars Morgan Stanley’s Ashley Martin

Ashley Martin (CRD# 4628096), previously a representative of Morgan Stanley in Leawood, Kansas, has been sanctioned by the Financial Industry Regulatory Authority in connection to allegations she failed to comply with its investigation into allegations she altered customer forms. As a result of the action, she has been barred from associating with FINRA member firms.

According to a Letter of Acceptance, Waiver, and Consent (No. 2019064038501) dated March 2020, Ashley Martin was associated with Morgan Stanley as a General Securities Representative from 2007 until September 2019, when the firm disclosed that it had terminated her over concerns she altered signed customer forms. FINRA subsequently initiated an investigation into these allegations. It sent her a request on October 21, 2019 to provide information and documents by November 4, 2019. FINRA states that she failed to provide the information and documents by that deadline. The agency sent her a second request on January 9, 2020 to provide information and documents by January 23, 2020. FINRA noted in this request, as it had in the first, that her failure to produce materials it sought could result in her being subject to disciplinary action, such as a bar from the securities industry. According to the AWC Letter, she informed FINRA in a January 24, 2020 email to staff that she had received its request, but would not cooperate with its investigation. FINRA states that her failure to provide the requested documents and information violated FINRA Rules 8210 and 2010. As a result of the foregoing alleged conduct, she was barred from associating with any FINRA-regulated broker-dealer in any capacity.

Ashley Martin is currently not registered as a broker. Her previous registrations include Morgan Stanley in Leawood, Kansas and Morgan Stanley & Company in Overland Park, Kansas. She has passed four securities industry qualifying examinations and her BrokerCheck report lists zero state securities licenses. (Information current as of May 28, 2020.)