Nicholas Radke: Former MML Broker Barred by FINRA
A disciplinary action taken by the Financial Industry Regulatory Authority against former Irvine, California and Lake Oswego, Oregon broker Nicholas Radke (CRD# ) barred him after finding he failed to cooperate with an investigation into allegations of unapproved private securities transactions. A former representative of MML Investors Services and American Independent Securities Group, Radke was barred from acting as a broker or otherwise associating with a broker-dealer firm.
According to a Letter of Acceptance, Waiver and Consent () dated December 2018, FINRA sent Nicholas Radke a request on October 5, 2018 for documents and information connected to its investigation into allegations he “participated in a private securities transaction without prior approval from his form.” The request was sent on October 5, 2018, and set a deadline of October 19, 2018; when Radke did not meet that deadline, according to FINRA, the regulator sent another staff for documentation and information to be produced by a deadline of November 5, 2018. FINRA’s findings state that Radke submitted FINRA a request for an extension of this deadline to November 15, 2018, which FINRA granted. Then, on November 12, 2018, FINRA states that Radke indicated on a phone call that he would not produce the documents and information as requested “at any time.” FINRA”s findings state that this refusal constituted a violation of FINRA Rule 8210(a), which states that FINRA may require associated persons to provide information, and that no members or persons shall fail to provide information. The findings go on to state that violations of Rule 8210 are also violations of FINRA Rule 2010, which concerns standards of honor and just and equitable principles of trade. As a result of the foregoing alleged conduct, Radke was barred from association with any FINRA member in all capacities.
Nicholas Radke is not currently registered as a broker or investment advisor. His employment history includes MML Investors Services in Irvine, California; American Independent Securities Group in Lake Oswego, Oregon; LPL Financial, Wedbush Morgan Securities, Hornor Townsend & Kent, Securian Financial Services, and Sentra Securities. He currently holds no state licenses and has passed four securities industry qualification examinations.