FINRA has indefinitely suspended broker Clinton Edmund Galloway after he failed to respond to requests for information under FINRA Rule 9552. Galloway, registered under CRD# 851674, previously worked at Drum Capital Corp Private Investors Equity Group and First Street Securities Corp. The suspension took effect in April 2026 and could convert to a permanent bar if he does not act to terminate it.
What happened
On March 4, 2026, FINRA initiated regulatory action against Clinton Edmund Galloway. The regulator asked for information and records. Galloway did not respond. FINRA then moved to suspend him under Rule 9552, which targets individuals who fail to provide requested information or keep their records current.
The suspension became final on April 13, 2026. As of that date, Galloway cannot work for any FINRA member firm in any capacity. The suspension will remain in place until he acts to terminate it or it converts to a bar.
Key facts
| Detail | Information |
|---|---|
| Broker name | Clinton Edmund Galloway |
| CRD number | 851674 |
| Suspension type | Indefinite suspension (Rule 9552) |
| Effective date | April 13, 2026 |
| Former firms | Drum Capital Corp, First Street Securities Corp. |
| Bar conversion risk | Could become permanent bar if not terminated |
BrokerCheck impact
BrokerCheck shows Clinton Edmund Galloway as suspended. This status signals to investors that he cannot work at a brokerage firm. It also means any customer disputes with his former clients must still go through FINRA arbitration.
Investors who held accounts at Drum Capital Corp or First Street Securities while Galloway was registered there should review their statements. Look for unauthorized trades, unsuitable recommendations, or concentration in high-risk products. These are common red flags in cases where a broker faces regulatory discipline.
Red flags that should have been caught
Galloway worked at multiple firms over his career. Each firm had a duty to supervise his activity. FINRA supervisory rules require broker-dealers to monitor for unauthorized trading, excessive activity, and compliance with firm policies.
A broker who fails to respond to FINRA information requests often has other compliance problems. The regulator uses Rule 9552 to pressure individuals who are not cooperating with investigations. In many cases, the underlying conduct involves customer complaints or internal firm concerns that triggered the inquiry.
What affected investors can do now
Investors who worked with Clinton Edmund Galloway can request a free case evaluation from a securities law firm. An attorney can review account statements, identify losses, and explain whether FINRA arbitration is the right path.
Time matters in these cases. BrokerCheck records show the suspension status. That status can support an investor claim that the broker’s conduct caused losses. Former firm supervisors may also face liability for failure to detect misconduct.
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Disclaimer: This article is for informational purposes only and does not constitute legal advice. Investment outcomes vary, and past performance does not guarantee future results. Investors should consult a qualified securities attorney to evaluate their specific circumstances.
