Jefferies Miami Wealth Adviser Banned From Industry Amid Probe

A former Jefferies Financial Group Inc. wealth adviser in Miami, one of a group that the Wall Street bank ousted last year after discovering a series of alleged misdeeds, was banned from the industry amid a regulatory probe.

The Financial Industry Regulatory Authority permanently barred Nicholas Coubrough from associating with any regulated firm after he refused to provide Finra with information it had requested, filings dated June 30 show. The watchdog was probing a “regulatory tip” and the allegations linked to his departure that Jefferies had disclosed.

Jefferies ousted a team of advisers in Miami late last year after ...