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Donovan Hunter: FINRA Bars Former Texas Broker

A disciplinary action taken by the Financial Industry Regulatory Authority against former Houston, Texas broker Donovan Hunter (CRD# 6622234) barred him over allegations he refused to provide information requested as part of an investigation into possible unapproved outside business activity. A former representative of JP Morgan & Company, Hunter was indefinitely barred from acting as a broker or otherwise associating with a broker-dealer firm.

According to a Letter of Acceptance, Waiver, and Consent (No. 2018059718201) dated March 2019, Donovan Hunter was terminated from his former member firm JP Morgan in August 2018 following allegations he solicited an investment “in an unapproved outside business activity from a Chase customer” and allegedly used the funds for personal purposes, violating the policies of the firm’s affiliate bank. As part of an investigation into the conduct underlying this termination, FINRA sent Donovan Hunter requests for information on November 28, 2018, December 27, 2018. The regulator received his responded on December 27, 2018, and January 7, 2019, then sent him a second request on January 7, 2019. According to FINRA’s findings, Donovan Hunter informed FINRA via email on February 8, 2019, “that he would not be responding” to this second request.

FINRA’s findings state that this refusal constituted a violation of FINRA Rule 8210, which requires associated persons to provide information regarding any matter involved in FINRA’s investigation, and FINRA Rule 2010, which requires FINRA members to observe high standards of commercial honor and just and equitable principles of trade. As a result of the alleged foregoing conduct, Donovan Hunter was barred from barred from associating with any FINRA member in any capacity.

Donovan Hunter is not currently registered as a broker. His employment history includes JP Morgan Securities in Houston, Texas. He currently holds no state registrations and has passed three securities industry qualification examinations.

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