Kittiany Davis Barrios Barred by FINRA
Kittiany Davis Barrios (CRD# 6941840), formerly a broker registered with PFS Investments, refused to cooperate with an investigation, according to a recent sanction. MDF Law is investigating the former Cranbury, New Jersey-based financial professional for similar conduct. If you have concerns about investments in your accounts, contact us for a free consultation.
To learn more about the allegations against Ms. Davis Barrios, continue reading this post. The information below is sourced from her BrokerCheck record, a Financial Industry Regulatory Authority profile examined on December 2, 2024.
FINRA Letter Details Allegations
On October 17, 2024, FINRA released a Letter of Acceptance, Waiver, and Consent (# 2023080015802) outlining its disciplinary action against Ms. Davis Barrios. As the Letter describes, FINRA undertook an investigation following her former member firm’s disclosure of a civil complaint filed by a customer. As such, it sent her a request for documents and information, as it is empowered to do by FINRA Rule 8210. Under this rule, FINRA can require associated persons to provide information regarding matters under its investigation. The rule also establishes that associated persons may not fail to provide such information or testimony.
Although Ms. Davis Barrios “initially cooperated with FINRA’s investigation,” the Letter states, “she ceased doing so” after a September request to provide on-the-record testimony. Her refusal constituted a violation of Rule 8210, FINRA found, as well as Rule 2010. This latter rule provides that brokers must “observe high standards of commercial honor and just and equitable principles of trade” in the conduct of their business. As a result of these findings, FINRA barred her from associating with any member firm in all capacities.
Why Did Kittiany Davis Barrios Resign from PFS Investments?
On January 26, 2024, PFS Investments disclosed Ms. Davis Barrios’ resignation from the firm. As the disclosure reflects, she was “permitted to resign” while under an internal review. The review concerned her “possible participation in undisclosed outside business activities” and/or private securities transactions, according to her BrokerCheck record.
FINRA: Broker Last Based in Cranbury, New Jersey
Ms. Davis Barrios launched her career as a broker in 2019, when she joined PFS Investments in Cranbury, New Jersey. She remained at the firm until her resignation in February 2024. Having been barred from acting as a broker, she has not registered with any other firm. With four years of experience, she has completed three industry exams, including the Series SIE and the Series 63.
Investment Losses? Call MDF Law Today
MDF Law’s experienced investor advocates have recovered more than $100 million in investment losses for the victims of broker fraud. If you have concerns regarding investments or strategies recommended by Kittiany Davis Barrios, call us for a free consultation. You may have a limited window to file a claim, so we encourage you to avoid delay. Call 800-767-8040 to speak with MDF Law today.