{"id":7781,"date":"2019-02-06T16:34:36","date_gmt":"2019-02-06T21:34:36","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=7781"},"modified":"2019-02-18T15:24:19","modified_gmt":"2019-02-18T20:24:19","slug":"finra-suspends-robert-white-for-accepting-cash-gifts-from-customer","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/finra-suspends-robert-white-for-accepting-cash-gifts-from-customer\/","title":{"rendered":"FINRA Suspends Robert White For Accepting Cash Gifts From Customer"},"content":{"rendered":"<p>Robert Edward White (<a href=\"https:\/\/brokercheck.finra.org\/individual\/summary\/3077959\" target=\"_blank\">CRD #3077959<\/a>) is a former registered broker whose last employer was Raymond James Financial Services, Inc. (CRD #6694) of East Hampton, NY. His previous employer was 1<sup>st<\/sup> Global Capital Corp. (CRD #30349) of Dallas, TX. No current employment information is available. He has been in the industry since 1998.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-4614 alignleft\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Broker-Sylvester-King-Jr.-Resigns-from-Wells-Fargo-Advisors-LLC-Concurrent-with-FINRA-Suspension1-300x200.jpg\" alt=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Broker-Sylvester-King-Jr.-Resigns-from-Wells-Fargo-Advisors-LLC-Concurrent-with-FINRA-Suspension1-300x200.jpg\" width=\"204\" height=\"136\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Broker-Sylvester-King-Jr.-Resigns-from-Wells-Fargo-Advisors-LLC-Concurrent-with-FINRA-Suspension1-300x200.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Broker-Sylvester-King-Jr.-Resigns-from-Wells-Fargo-Advisors-LLC-Concurrent-with-FINRA-Suspension1-768x512.jpg 768w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Broker-Sylvester-King-Jr.-Resigns-from-Wells-Fargo-Advisors-LLC-Concurrent-with-FINRA-Suspension1-1024x683.jpg 1024w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Broker-Sylvester-King-Jr.-Resigns-from-Wells-Fargo-Advisors-LLC-Concurrent-with-FINRA-Suspension1-1000x667.jpg 1000w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Broker-Sylvester-King-Jr.-Resigns-from-Wells-Fargo-Advisors-LLC-Concurrent-with-FINRA-Suspension1-180x120.jpg 180w\" sizes=\"auto, (max-width: 204px) 100vw, 204px\" \/>White was discharged from the Raymond James Financial Services on 4\/3\/2017 after it was discovered he had accepted cash gifts from a customer, and failed to disclose the gift to the firm. The firm\u2019s policies prohibited registered representatives from accepting gifts over $100 per year from the firm\u2019s customers. White accepted a total of $58,000 from a single firm customer, after certifying that he understood the policies on annual compliance questionnaires.<\/p>\n<p>After an investigation, FINRA suspended White on 8\/10\/2018 for four months, effective 8\/20\/2018. White was also fined $10,000, and signed an Acceptance, Waiver &amp; Consent (AWC) letter, agreeing to all sanctions. His suspension is scheduled to end on 12\/19\/2018. It is generally against a brokerage firm\u2019s rules for a financial advisor to borrow money from a customer or otherwise accept cash gifts.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.silverlaw.com\/blog\/finra-suspends-robert-white-for-accepting-cash-gifts-from-customer\/\"  title=\"Continue Reading FINRA Suspends Robert White For Accepting Cash Gifts From Customer\" class=\"more-link\">Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Robert Edward White (CRD #3077959) is a former registered broker whose last employer was Raymond James Financial Services, Inc. (CRD #6694) of East Hampton, NY. His previous employer was 1st Global Capital Corp. (CRD #30349) of Dallas, TX. No current employment information is available. He has been in the industry since 1998. White was discharged [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[577,1101,609,580],"tags":[1123,1359,753,1560,1561],"class_list":["post-7781","post","type-post","status-publish","format-standard","hentry","category-finra-disciplinary-actions","category-recent-investigations","category-sales-practice-violations","category-stockbroker-misconduct","tag-broker-suspension","tag-finra-arbitration-lawyer","tag-raymond-james-financial-services","tag-robert-white","tag-robert-white-raymond-james-financial-services"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FINRA Suspends Robert White For Accepting Cash Gifts From Customer &#8212; Securities Arbitration Lawyers Blog &#8212; February 6, 2019<\/title>\n<meta name=\"description\" content=\"Robert Edward White (CRD #3077959) is a former registered broker whose last employer was Raymond James Financial Services, Inc. (CRD #6694) of East &#8212; February 6, 2019\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/finra-suspends-robert-white-for-accepting-cash-gifts-from-customer\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"FINRA Suspends Robert White For Accepting Cash Gifts From Customer &#8212; Securities Arbitration Lawyers Blog &#8212; February 6, 2019\" \/>\n<meta name=\"twitter:description\" content=\"Robert Edward White (CRD #3077959) is a former registered broker whose last employer was Raymond James Financial Services, Inc. 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(CRD #6694) of East &#8212; February 6, 2019","twitter_image":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Broker-Sylvester-King-Jr.-Resigns-from-Wells-Fargo-Advisors-LLC-Concurrent-with-FINRA-Suspension1.jpg","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.silverlaw.com\/blog\/finra-suspends-robert-white-for-accepting-cash-gifts-from-customer\/#article","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/finra-suspends-robert-white-for-accepting-cash-gifts-from-customer\/"},"author":{"name":"Silver Law Group","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"headline":"FINRA Suspends Robert White For Accepting Cash Gifts From Customer","datePublished":"2019-02-06T21:34:36+00:00","dateModified":"2019-02-18T20:24:19+00:00","mainEntityOfPage":{"@id":"https:\/\/www.silverlaw.com\/blog\/finra-suspends-robert-white-for-accepting-cash-gifts-from-customer\/"},"wordCount":261,"image":{"@id":"https:\/\/www.silverlaw.com\/blog\/finra-suspends-robert-white-for-accepting-cash-gifts-from-customer\/#primaryimage"},"thumbnailUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Broker-Sylvester-King-Jr.-Resigns-from-Wells-Fargo-Advisors-LLC-Concurrent-with-FINRA-Suspension1-300x200.jpg","keywords":["Broker Suspension","finra arbitration lawyer","Raymond James Financial Services","Robert White","Robert White Raymond James Financial Services"],"articleSection":["FINRA Disciplinary Actions","Recent Investigations","sales practice violations","Stockbroker Misconduct"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.silverlaw.com\/blog\/finra-suspends-robert-white-for-accepting-cash-gifts-from-customer\/","url":"https:\/\/www.silverlaw.com\/blog\/finra-suspends-robert-white-for-accepting-cash-gifts-from-customer\/","name":"FINRA Suspends Robert White For Accepting Cash Gifts From Customer &#8212; Securities Arbitration Lawyers Blog &#8212; February 6, 2019","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.silverlaw.com\/blog\/finra-suspends-robert-white-for-accepting-cash-gifts-from-customer\/#primaryimage"},"image":{"@id":"https:\/\/www.silverlaw.com\/blog\/finra-suspends-robert-white-for-accepting-cash-gifts-from-customer\/#primaryimage"},"thumbnailUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Broker-Sylvester-King-Jr.-Resigns-from-Wells-Fargo-Advisors-LLC-Concurrent-with-FINRA-Suspension1-300x200.jpg","datePublished":"2019-02-06T21:34:36+00:00","dateModified":"2019-02-18T20:24:19+00:00","author":{"@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"description":"Robert Edward White (CRD #3077959) is a former registered broker whose last employer was Raymond James Financial Services, Inc. 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