Barbara Bonnie Fox (CRD#: 3206840) is a previously registered broker/investment advisor. From 2012 to 2018, Ms. Fox served as a representative of SunTrust Investment Services in Hampton, Virginia.
She was terminated by her brokerage firm following allegations that she obtained an unapproved loan from a customer.
After receiving Form U5 from SunTrust, FINRA initiated its own investigation into these allegations. Ms. Fox was eventually suspended from the securities industry for three months (Letters of Acceptance, Waiver and Consent No. 2018058158801).
Suspended Financial Advisor: Barbara Bonnie Fox
Former SunTrust Investment Services representative Barbara Fox was discharged from her member firm after it was discovered that she violated securities industry regulations by obtaining a loan from a customer without seeking or getting written approval. The loan in question was for $14,000.
Under FINRA Rule 3240, there are strict regulations regarding when financial advisors can borrow from or lend to any of their clients.
Ms. Fox provided a comment to FINRA. She stated that this loan was obtained from a personal friend, it was unsolicited, and it was given after she was hospitalized and had extraordinary expenses. She also stated that the loan is being repaid. After reviewing the evidence, FINRA suspended Ms. Fox from the securities industry for three months.
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