FINRA Bars Jennifer H. Ceterko for Refusing to Cooperate with Investigation into Outside Business Activities and Private Securities Transactions
The Financial Industry Regulatory Authority (FINRA) has barred Jennifer H. Ceterko (CRD #3091599) of Wayne, New Jersey, from associating with any FINRA member firm in any capacity after she refused to provide documents and testimony during a regulatory investigation.
On December 9, 2025, FINRA issued a Letter of Acceptance, Waiver, and Consent (AWC) under Case #2025084761001. Without admitting or denying the findings, Ceterko consented to the sanction and to the entry of findings.
Investigation into Undisclosed Activities and Customer Account Access
According to FINRA, the investigation focused on several serious compliance issues, including whether Ceterko engaged in undisclosed outside business activities (OBAs), participated in undisclosed private securities transactions, and improperly accessed the accounts of customers from her former member firm after joining a new firm.
FINRA rules require registered representatives to disclose outside business activities and obtain approval for private securities transactions to ensure proper supervision and to protect investors from conflicts of interest or unregulated investment schemes.
Refusal to Provide Documents and Testimony
As part of the investigation, FINRA requested that Ceterko produce documents and information and appear for on-the-record testimony.
FINRA Rule 8210 gives the regulator authority to request documents, information, and testimony from registered individuals during investigations. According to FINRA’s findings, Ceterko refused to provide the requested materials and declined to appear for testimony.
Failure to comply with a Rule 8210 request is considered a serious violation because it obstructs FINRA’s ability to investigate potential misconduct and protect investors.
As a result, Ceterko was permanently barred from associating with any FINRA member firm in all capacities.
Risks Associated with Undisclosed Private Investments
Undisclosed outside business activities and private securities transactions—often referred to as “selling away”—can expose investors to investments that fall outside a firm’s supervision. These activities may involve higher-risk or unregistered investment opportunities that investors would not otherwise encounter through regulated brokerage channels.
Regulators rely on cooperation from registered representatives to determine whether such conduct occurred and whether investors may have been harmed.
Silver Miller Represents Victims of Broker Misconduct
If you believe a broker recommended an undisclosed investment, participated in private securities transactions without firm approval, or improperly accessed your investment accounts, you may have legal options.
Silver Miller represents investors nationwide in claims involving selling away, unauthorized trading, undisclosed outside business activities, and other forms of broker misconduct. Our attorneys pursue recovery through FINRA arbitration and civil litigation.
Contact Silver Miller for a free, confidential consultation. We work on a contingency fee basis—meaning you pay nothing unless we recover for you.
