Background Of Vonna Kay Husby (CRD No. 1314070)
Husby entered the securities industry in 1982. In August 2003, Husby became registered
with FINRA through her association with Raymond James Financial Services, Inc.
(RJFS). On June 3, 2019, RJFS filed a Uniform Termination Notice for Securities
Industry Registration (Form US), discharging Husby because she allegedly “…was coowner on a bank account with a customer without providing disclosure to or receiving
approval from the firm.” Between May 30, 2019, and June 28, 2019, Husby was
associated with another FINRA member firm.
Although Husby is no longer registered or associated with a FINRA member, she remains
subject to FINRA’s jurisdiction for purposes of this proceeding, pursuant to Article V,
Section 4 of FINRA’s By-Laws.
Activity(s) Reported – Vonna Kay Husby
FINRA Rule 8210(a)(1) states, in relevant part, that FINRA may “require a…person
associated with a member, or any other person subject to FINRA’s jurisdiction, to
provide information orally, in writing, or electronically…and to testify at a location
specified by FINRA staff…with respect to any matter involved in [a FINRA]
investigation.” FINRA Rule 8210(c) states that Inio…person shall fail to provide
information or testimony…pursuant to this Rule.” A violation of FINRA Rule 8210 is
also a violation of FINRA Rule 2010, which requires associated persons, in the conduct
of their business, to “observe high standards of commercial honor and just and equitable
principles of trade.”
Although Husby initially cooperated with FINRA’s investigation, she ceased doing so in
October 2020. Specifically, on September 23, 2020, in connection with FINRA’s
investigation into whether Husby served as a POA and opened an undisclosed bank
account that she allegedly co-owned with one of her elderly customers, FINRA sent a
request to Husby for information and documents pursuant to FINRA Rule 8210. As stated
in her counsel’s email to FINRA staff on October 12, 2020, and by this agreement, Husby
acknowledges that she received FINRA’s request and will not produce the information
and documents requested at any time. By refusing to produce the information and
documents as requested pursuant to FINRA Rule 8210, Husby violated FINRA Rules
8210 and 2010.
Can you expose the broker trying to trick you?
FINRA offers the free web tool BrokerCheck, which allows users to check a broker’s credentials, registration, and employment history. The disclosure part of BrokerCheck includes information on client conflicts, disciplinary proceedings, and specific financial and legal issues on the broker’s record.
Penalties And Sanctions
A bar from associating with any FINRA member in any capacity.
Respondent understands that if she is barred or suspended from associating with any
FINRA member, she becomes subject to a statutory disqualification as that term is
defined in Article III, Section 4 of FINRA’s By-Laws, incorporating Section 3(a)(39) of
the Securities Exchange Act of 1934. Accordingly, she may not be associated with any
FINRA member in any capacity, including clerical or ministerial functions, during the
period of the bar or suspension. See FINRA Rules 8310 and 8311.
Recent Activity(s)Of The Individual/Firm
In connection with FINRA’s investigation into whether Husby served as a Power of
Attorney (POA) and opened an undisclosed bank account that she allegedly co-owned
with one of her elderly customers, FINRA staff issued Husby a request for information
and documents pursuant to FINRA Rule 8210. Husby refused to produce the information
As a result, Husby violated FINRA Rules 8210 and 2010.
How To Spot A Fraud Finance Advisor (Infographic)
Help For Victims Of Vonna Kay Husby Scam
If you have lost funds because of misrepresentation, unsuitable investment, or unsuitable investment strategy from Paramveer Singh. Then you can take legal action and get justice. Fraud, Malpractice & dereliction of duty should not be taken lightly, especially in this industry. We highly suggest that you notify authorities or seek legal action if your financial advisor or brokerage firm fails to abide by FINRA’s rules are regulations.
Financial advisors are regulatory & legally obligated to suggest (recommend) the most suitable investments/investment strategies to their clients. Their suggestions should have their client’s best interests and should be appropriate for their client’s goals and needs. Similarly, the brokerage firm which hires financial advisors also has a regulatory & legal obligation to keep a close watch and supervise their Financial Advisors’ practices & behavior. They need to make sure that the financial advisor is not being manipulative or having an unreasonable bias towards certain investments. If the financial advisor and/or the brokerage firm breaches these duties, then the client/customer may be entitled to a full or partial recovery of their losses.
Financial advisors need to have the interest of their clients when giving suggestions related to investments and investment strategies. Reasonable basis suitability requires the advisor to do their best to analyze & identify the risks and rewards associated with their suggested investment and/or investment strategy.
Vonna Kay Husby has been involved in fraudulent activities and is an unsafe professional entity. We strongly recommend you avoid any association with such a shady figure.
- Shady Activity
- Swindling Activity Reported By Clients
- Under Govt. Organization's Radar
- High Risk of Fraud