Tr?id=566623520170033&ev=PageView&noscript=1

ÍøÆØ³Ô¹Ï

FINRA Bars Former Cambridge Advisor After Refusal to Cooperate With Communications Probe

Posted on February 26th, 2026 at 3:35 PM
FINRA Bars Former Cambridge Advisor After Refusal to Cooperate With Communications Probe

From the desk of Jim Eccleston at ÍøÆØ³Ô¹Ï

A former advisor affiliated with Cambridge Investment Research has been barred from the securities industry after declining to comply with a regulatory investigation, according to the Financial Industry Regulatory Authority (FINRA).

Jay D. Zornes consented to FINRA's findings without admitting or denying them. ThinkAdvisor reports that he maintained registration with the firm as a securities representative from March 2014 through May 2025.

The firm permitted Zornes to resign while under investigation for allegedly communicating with clients through unapproved email addresses and an unauthorized text messaging number, as reflected in a termination filing.

According to ThinkAdvisor, FINRA requested documents and information as part of its review into potential off channel communications with customers. The regulator also required on the record (OTR) testimony. Zornes refused both requests.

Regulators continue to scrutinize electronic communications that occur outside firm supervised systems, including texting and messaging applications. The SEC has imposed significant penalties across the industry for similar violations in recent years, according to ThinkAdvisor.

 

ÍøÆØ³Ô¹Ï LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

Tags: eccleston, eccleston law, finra

Return to Archive

TESTIMONIALS

Previous
Next
Quotes Bigger

As a financial advisor with over 20 years of experience, I feel fortunate to call Jim my attorney and friend. He is a fantastic lawyer and trusted advisor. He is skilled in the matters necessary to do the job well. He uses his thoughtful approach and calm demeanor to achieve a positive outcome for the client. If you want to feel confident that nothing will be missed and that you will be represented in a highly professional manner, call Jim Eccleston.

Bill C. and Dan M.

LATEST NEWS AND ARTICLES

1777908810 Law
May 4, 2026
KKR Limits Redemptions in Private Credit Fund Amid Rising Investor Withdrawals

KKR & Co.

1777663103 Law
May 1, 2026
Former Texas Advisor Pleads Guilty in Multi-Million Dollar Ponzi Scheme

A former financial advisor and media personality in San Antonio has admitted to defrauding clients in a large-scale Ponzi scheme involving hundreds of investors and millions of dollars, according to reporting by Financial Advisor News.

1777565671 Law
April 30, 2026
SEC Charges Adviser's Estate and Firm in Alleged $1.68 Million Client Fund Misappropriation Scheme

The Securities and Exchange Commission has filed a civil enforcement action against the estate of former investment adviser John R.