FINRA has banished a former J.P. Morgan registered rep from the brokerage industry for failing to cooperate with an investigation into allegations that she misappropriated funds from a bank affiliated with J.P. Morgan Securities.
Whitley Kiara Hood worked for J.P. Morgan in Chicago and was voluntarily terminated in April, according to a settlement she reached with FINRA this month. She declined to provide on the record testimony regarding the allegations against her, a decision that automatically results in a bar, FINRA said.

FINRA did not provide details of the alleged wrongdoing beyond noting that it had to do with the possible diversion of funds from a J.P. Morgan-affiliated bank.
Hood did not return voice messages left at Northern Trust, where she works as an analyst, according to her LinkedIn profile. Hood serves as "a reporting contact for the client to provide resolution of complex transactions" and "provides assistance to account managers with queries received from clients regarding specific reporting issues," she writes in her profile.
Northern Trust Corp. is not listed as a FINRA member firm. The bar imposed by the regulator prevents her from working for FINRA member firms in any capacity, according to the settlement agreement.
Hood worked for J.P. Morgan Chase Bank from June 2013 to October 2014, when she joined J.P. Morgan Securities, BrokerCheck records show.
In her settlement with FINRA, Hood neither admitted nor denied the charges, but consented to an entry of FINRA's findings.
Michael Fusco, a spokesman for Chase Wealth Management, declined to comment on the matter.
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FINRA claimed the firm failed to adequately supervise the execution and approval of powers of attorneys submitted by non-U.S. customers of J.P. Morgan Private Bank.
November 7 -
The regulator is asking firms to provide details of their cross-selling programs, including incentives offered brokers and other employees.
October 28 -
The adviser contended that not a single one of her clients from Schwab transferred their accounts over to J.P. Morgan.
October 27
Hood joins at least two other bank advisers barred from the industry this year for refusing to cooperate with FINRA investigations.