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Peg Doherty-Punderson: Morgan Stanley Broker Barred
Former Morgan Stanley broker Peg Doherty-Punderson (CRD# 1535750) has been sanctioned by the Financial Industry Regulatory Authority in connection to allegations she refused to cooperate with a FINRA investigation into her conduct. Previously associated with Morgan Stanley, she was barred from affiliating with any FINRA firm.
According to a Letter of Acceptance, Waiver, and Consent (No. 2019063842601) dated April 2020, Peg Doherty-Punderson was associated with Morgan Stanley as a General Securities Representative from May 2013 until September 2019, when the firm filed notice of her discharge “while an internal review was pending.” FINRA states that during an investigation “into a mortgage deed executed by Doherty-Punderson and her customer,” FINRA sent her a request on February 25, 2020 to provide documents and information, as it is authorized to do by FINRA Rule 8210, which empowers FINRA to require associated persons to provide information regarding matters under its investigation. The findings go on to state that Doherty-Punderson indicated to FINRA via a phone call from counsel on March 4, 2020 that she had received its request for information but would not produce the requested documents and information. FINRA concludes that her refusal to do so constituted a violation of FINRA Rules 8210 and 2010. As a result of the foregoing alleged conduct, she was barred from associating with any FINRA member in any capacity.
Peg Doherty-Punderson is currently not registered as a broker or investment adviser. Her previous registrations include Morgan Stanley, Wells Fargo Advisors, AG Edwards & Sons, and Smith Barney Harris Upham. She has passed five securities industry qualifying examinations: Uniform Combined State Law Examination, or Series 66; Uniform Securities Agent State Law Examination, or Series 63; Securities Industry Essentials Examination, or SIE; National Commodity Futures Examination, or Series 3; and General Securities Representative Examination, or Series 7. Her BrokerCheck report lists zero state securities licenses. (Information current as of June 3, 2020.)