FINRA’s Department of Enforcement filed a disciplinary complaint against former Wilmington Capital Securities broker Jason Foley on October 26, 2026, alleging he refused to answer three formal requests for information during an investigation.
The complaint, Case No. 2025085556701, centers on Foley’s failure to cooperate with a probe into his April 2025 termination from Wilmington Capital Securities, LLC. FINRA alleges violations of Rules 8210 and 2010. A complaint is an accusation, not a finding, and the matter remains pending before a FINRA hearing panel.
What happened
Jason Foley, CRD No. 4392185, first registered with FINRA in 2002. He joined Wilmington Capital Securities, CRD No. 133839, as a general securities representative on August 27, 2024.
On April 1, 2025, the firm filed a Form U5 disclosing that it had terminated Foley that same day based on his failure to disclose criminal charges. FINRA opened an investigation that month, focused on allegations that Foley failed to disclose pending felony charges in Florida.
Key facts in the FINRA complaint
| FINRA request | Date sent | Response due | Outcome |
|---|---|---|---|
| First request | April 11, 2025 | April 25, 2025 | No response |
| Second request | April 29, 2025 | May 13, 2025 | No response |
| Third request | October 27, 2025 | November 10, 2025 | Returned marked refused by inmate |
FINRA served each request by certified mail to Foley’s address of record and to a Florida jail identified through public records. Jail staff confirmed that Foley was incarcerated on the delivery dates and received copies of the requests, according to the complaint.
The third mailing came back with a handwritten note stating “Refused by inmate.” Foley never produced documents, answered questions, or requested more time on any of the three deadlines.
Jason Foley’s broker profile
| Field | Detail |
|---|---|
| Broker | Jason Foley, CRD No. 4392185 |
| Firm | Wilmington Capital Securities, LLC, CRD No. 133839 |
| Role | General securities representative |
| Registered at firm | August 27, 2024 to April 1, 2025 |
| Termination | April 1, 2025, for failure to disclose criminal charges |
| Case number | FINRA Complaint No. 2025085556701 |
Why Rule 8210 matters
FINRA Rule 8210 requires anyone under the regulator’s jurisdiction to provide information and documents when asked. Refusing to cooperate is itself a violation, separate from whatever conduct triggered the investigation.
Brokers who ignore 8210 requests typically face permanent bars. The regulator treats obstruction as incompatible with the trust investors place in registered professionals.
What the complaint seeks
FINRA’s enforcement staff asked the hearing panel to find that Foley committed the violations charged, impose monetary sanctions, and order him to bear the costs of the proceeding. Because Foley is no longer registered with any firm, the practical stakes center on whether he can ever return to the industry.
What investors should do
Investors who worked with Jason Foley through Wilmington Capital Securities can review his record on FINRA BrokerCheck at no cost. Anyone with concerns about missed disclosures or account irregularities should request complete account statements and preserve every document.
Acting early protects records and keeps options open, whether the path leads to arbitration or a direct claim. State securities regulators also accept investor complaints through their own channels.
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