Richard Routie Barred by FINRA After Allegations involving Customer Loan

Richard Routie Barred by FINRA After Allegations involving Customer Loan

Richard Stanislaus Routie (CRD #4379905), a previously registered broker and investment adviser, has been reportedly barred by FINRA  in connection with a regulatory investigation. The investigation focused on whether Routie borrowed money from customers, a serious violation of FINRA rules.

The disciplinary action was finalized on December 12, 2025, through a FINRA Acceptance, Waiver & Consent (AWC).

FINRA Investigation and Rule 8210 Violations

According to FINRA, on September 24, 2025, the regulator sent Routie a formal request for on-the-record testimony pursuant to FINRA Rule 8210, which requires brokers to cooperate fully with regulatory investigations.

As a result, FINRA imposed a permanent bar, prohibiting Routie from associating with any FINRA member firm in any capacity. Allegations Involving Borrowing Money from Customers

FINRA’s investigation examined whether Routie borrowed money from customers, conduct that is generally prohibited unless strict firm approval and disclosure requirements are met. Unauthorized customer loans raise significant investor protection concerns, including conflicts of interest and potential financial exploitation.

Registration and Employment History

Richard Routie had approximately 18 years of experience in the securities industry and was previously registered with several firms, primarily in Orlando, Florida, including:

• Cetera Financial Specialists LLC (2023–2025)

• Ameriprise Financial Services, LLC (2011–2023)

• Chase Investment Services Corp. (2010–2011)

• Edward Jones (2008–2010)

• PFS Investments Inc. (2001–2002)

He is no longer registered with FINRA or licensed in any state.

Why FINRA Rule 8210 Matters to Investors

FINRA relies on Rule 8210 to protect investors and police misconduct. When a broker refuses to comply:

• FINRA cannot fully investigate potential investor harm

• Customers may never learn the full scope of misconduct

• Regulators often impose the harshest available sanctions

For investors, a Rule 8210 refusal can be a red flag that serious issues may exist beneath the surface.

Investor Losses and Recovery Options

If you invested with Richard Stanislaus Routie and believe you were harmed—whether through improper loans, unsuitable investments, misrepresentations, or other misconduct—you may still have legal options.

Investment losses caused by broker misconduct are often pursued through FINRA arbitration, even after a broker has been barred from the industry.

How The White Law Group Can Help

The White Law Group represents investors nationwide in claims involving broker misconduct, regulatory violations, and investment fraud. Our attorneys have extensive experience handling cases against firms where brokers engaged in improper borrowing, conflicts of interest, or failed to follow FINRA rules.

If you have questions about losses connected to Richard Routie or another financial advisor, contact The White Law Group for a free, confidential consultation.

FAQs

Why was Richard Routie barred by FINRA?

FINRA barred Richard Stanislaus Routie after he refused to appear for on-the-record testimony requested under FINRA Rule 8210. The testimony was sought in connection with a FINRA investigation into whether Routie borrowed money from customers. His refusal to cooperate violated FINRA Rules 8210 and 2010, resulting in a permanent barfrom the securities industry.

Is borrowing money from customers allowed under FINRA rules?

In most cases, borrowing money from customers is prohibited under FINRA rules unless strict disclosure, approval, and firm-supervision requirements are met. Unauthorized loans between brokers and customers raise serious conflict-of-interest and investor-protection concerns and are frequently the subject of regulatory enforcement actions.

Can investors still recover losses after a broker is barred?

Yes. Even if a broker has been barred, investors may still pursue recovery through FINRA arbitration against the brokerage firm that employed or supervised the broker. Claims may involve failure to supervise, unsuitable recommendations, misrepresentations, or improper loans.