Finra has barred a 34-year veteran of the financial services industry over his refusal to provide requested information, the industry’s self-regulator says.
John Joseph Cahill joined the financial services industry in 1984, registering with Morgan Stanley Dean Witter, according to his BrokerCheck profile.
He had a four-year stint at Citigroup Global Markets starting in 2005, until it merged with Morgan Stanley in 2009, according to BrokerCheck.
The wirehouse allowed Cahill to voluntarily resign in 2013 over allegations related to his compliance with the requirement to contact clients prior to executing trades, according to his record. Cahill joined Janney Montgomery Scott the same year.
The company discharged him in March 2019 while he was under an internal review into the alleged receipt of funds while acting as a power of attorney for a client he served prior to joining Janney, according to BrokerCheck.
Cahill then informed Finra through his lawyer that he would not provide documents the regulator requested in connection with his discharge from Janney nor appear for testimony, for which Finra barred him from the industry, according to a letter of acceptance, waiver and consent published by Finra.
Cahill consented to the bar without admitting or denying the regulator’s findings, Finra says.