Finra has suspended a former Raymond James financial advisor who allegedly traded on non-public information, the industry’s self regulator says.

Between May and July, 2018, Alastair Jamie Barnes allegedly made two securities transactions in his own brokerage account after learning about a Raymond James customer’s position in the security involved, according to a letter of acceptance, waiver and consent published by Finra.

The information about the client’s positions was non-public and confidential, and Raymond James bars employees from using such information for “non-Firm purposes,” the regulator says. Barnes allegedly also failed to request pre-approval for the transactions as required by Raymond James, according to Finra.

The two transactions allegedly earned Barnes $585.66, the regulator says.

Barnes consented to a three-month suspension, a $20,000 fine and disgorgement of $585.66, plus interest, without admitting or denying Finra’s findings, according to the letter of acceptance.

Barnes joined the financial services industry in November 2014, registering with Raymond James & Associates, Finra says.

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He resigned voluntarily in August 2018 while under review by the firm for potential violations of its trading policies, according to the regulator.

After leaving Raymond James, Barnes did not register with another firm, Finra says.