Garrett Caplin (CRD #5968832, New York, New York)

March 15, 2022 – An AWC was issued in which Caplin was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Caplin consented to the sanction and to the entry of findings that he failed to produce information and documents requested by FINRA in connection with an investigation into the circumstances giving rise to two Uniform Termination Notice for Securities Industry Registration (Form U5) amendments filed by his former member firm. The findings stated that the firm initially filed a Form U5 amendment disclosing that Caplin was under internal review concerning his due diligence efforts with respect to opening a customer account. Subsequently, the firm filed another Form U5 amendment indicating the internal review of Caplin was concluded and finding that suspicious aspects of a note issuer were not escalated to the firm prior to bonds being transferred to it, and that his diligence of end customer was not complete prior to the account opening and the receipt of the bonds. (FINRA Case #2021070745701)