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Name
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Residence
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What
|
Why
|
Date
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Gaddy, Christopher Edward
|
El Mirage, Arizona
|
Barred
|
He willfully failed to disclose material information on his Form U4.
|
February 2006
|
|
Gainor,
Ryan Michael
|
San
Diego, California
|
Barred
|
He refused to appear for an NASD on-the-record
interview, and failed to respond to NASD requests for information and
documents.
|
December
2005
|
|
Gallamore, Charles Lee
|
Prosper, TX
|
Barred
|
Gallamore submitted a Letter of Acceptance,Waiver and Consent in which he was barred from association with any FINRA member in any capacity.Without admitting or denying the findings, Gallamore consented to the described sanction and to the entry of findings that he raised over $1.5 million from investors through offers and sales of limited partnership
interests in a hedge fund, and made numerous misrepresentations in connection with the offers and sales that were inconsistent with the private placement memorandum
(PPM). The findings stated that Gallamore used over $1.3 million of the funds raised to invest in promissory notes issued by private companies in which he had a controlling
interest, and made misrepresentations regarding the fund's investment strategy, the concentration of investment funds in particular investments; the use of funds, and the
amount of management fees and other expenses charged to the fund. The findings also stated that Gallamore omitted to timely disclose material facts including that he exercised sole discretion over the fund's operations, and misused customer funds received in connection with the fund offering by obtaining debit cards linked to accounts and utilized the cards to pay for personal and non-business related expenses.
The findings also included that Gallamore caused funds from the various accounts to be transferred to his personal brokerage account and caused monthly payments for
non-business related expenses to be drafted from one of the accounts. FINRA found that Gallamore, through his member firm, conducted an unregistered offering of the securities of an entity for which there was no available exemption due primarily to the offering being conducted pursuant to a general solicitation, and failed to timely disclose to investors that the firm was under common control with the issuer, in that he owned both entities. FINRA also found that Gallamore failed to properly supervise the activities of a registered representative for whom he had supervisory responsibility, and failed to review the representative's email correspondence. (FINRA Case #2008011629601)
|
October 2009
|
|
Galan, Eduardo
|
Brockport, NY
|
Barred
|
Galan engaged in private securities transactions without prior written notice to, or prior written approval from, his member firm. He commingled customer funds with monies not belonging to the customers in a bank account that the controlled.
|
December 2008
|
|
Gallardo, Emmanuel Cahot
|
Wayne, New Jersey
|
Barred
|
Gallardo failed to respond to NASD requests for information. The findings stated that Gallardo willfullyfailed to amend his Form U4 to disclose material information.
|
July 2007
|
|
Gallardo, Hector J.
|
Long Island City, NY
|
Barred
|
Gallardo engaged in outside business activities without notifying his member firm. The findings stated that Gallardo signed a statement indicating that he had read and agreed to his member firm's written supervisory procedures that
prohibited registered representatives from engaging in any transaction not sponsored or authorized by the firm. The findings also stated that Gallardo provided fictitious monthly account statements to clients purporting to be monthly account statements from his unregistered investment company, and failed to respond to FINRA requests for information. (FINRA Case #2007010869001)
|
August 2009
|
|
Galli, David Joseph
|
Fairoaks, CA
|
Barred
|
Galli received $696,590 from public customers intended for investment purposes and misused the funds.
|
December 2008
|
|
Galvan,
Francisco
|
Stockton,
California
|
Barred
|
He participated in private securities
transactions without providing prior written notice to his member firm. The
findings also stated that Galvan recommended securities transactions to a
public customer without having a reasonable basis for believing the
recommendations were suitable for the customer based on the customer’s
financial situation and needs.
|
November
2005
|
|
Gane, Jr., Guy William
|
North Tonawanda, NY
|
Barred
|
Gane participated in private securities transactions involving the sale of $3.8million of convertible debentures issued by affiliated entities he controlled, without prior written
notice to, or prior approval from, his member firms. The findings stated that Gane failed to appear for a FINRA on-the-record interview.
.
|
July 2009
|
|
Garcia, Antonio
|
Key Biscayne, FL
|
Barred
|
Garcia submitted a Letter of Acceptance, Waiver, and Consent in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Garcia consented to the described sanction and to the entry of findings that he failed to provide testimony as requested by FINRA. (FINRA Case #2009017418601)
|
January 2010
|
|
Garcia, David Nathaniel
|
Santa Fe, New Mexico
|
Barred
|
Garcia received funds from public customers to be applied to the payment of insurance premiums and instead, used the cash payments for office expenses and failed to submit the checks for insurance premium payments. The findings stated the Garcia failed to respond to NASD requests for information.
|
September, 2006
|
|
Garcia, Esther Esparza
|
Las Cruces, NM
|
Complaint Filed
|
Garcia was named as a respondent in a FINRA complaint alleging that she misappropriated $2,531.91 in customers' property casualty insurance premium payments by depositing the funds into a checking account that she controlled and using the funds for her own benefit and use. The complaint alleges that Garcia failed to appear for FINRA on-the-record interviews. (FINRA Case #2008014615401)
|
September, 2006
|
|
Garcia, John Danis
|
Bronx, NY
|
Barred
|
Garcia failed to appear for a FINRA on-the-record interview.
|
August 2008
|
|
Garcia, Patrick Jesse
|
Yukon, Oklahoma
|
Barred
|
He received $8,179.18 in cashiers' checks from a public customer for the purchase of mutual funds, endorsed the cashiers' checks, neglected to purchase the securities, and held the funds until a later date when he provided the funds to his former member firm. The findings also stated that Garcia failed to respond to NASD requests for information.
|
February 2005
|
|
Garcia, Zenaida Rita
|
Nashua, NH
|
Barred
|
Garcia failed to respond to FINRA requests for documents and
information. The findings stated that Garcia willfully failed to disclose material information on her FormU4.
|
February 2009
|
|
Gardner, David P.
|
New Rochelle, NY
|
Barred
|
Pursuant to NASD Rule 9552(h)
|
July 2008
|
|
Gardner, II, James Carlton
|
Fishers, IN
|
Barred
|
Gardner willfully failed to disclose material facts on his Form U4 and failed to respond to FINRA requests for information. (FINRA Case #2008012392101)
|
August 2009
|
|
Gariepy, John J. (Jr.)
|
Scranton, Pennsylvania
|
Barred
|
He caused his firm to issue checks totaling $43,400 to a public customer drawn against the customer's securities account without the customer's knowledge or authorization, caused the checks to be delivered to him, forged the customer's signature on the checks, negotiated the checks, and used the bulk of the funds to his own use and benefit.
|
August 2005
|
|
Garrett, Carol Anne
|
Huntington, Connecticut
|
Barred
|
She misappropriated $76,728.51 in customer funds and her firm's payroll funds without the customer and firm's authorization or consent.
|
June 2005
|
|
Gaskill, Tearle Guy
|
Portsmouth, VA
|
Barred
|
Gaskill failed to respond to NASD requests to appear for an on-the-record interview and to provide documents. The findings stated that Gaskill borrowed $3,000 from a public customer, contrary to his member firm's written policies and procedures prohibiting representatives from borrowing moneyfrom customers.
|
September 2007
|
|
Gaspero, Anthony J.
|
Monee, Illinois
|
Barred
|
He engaged in securities business without being registered with NASD in any capacity.
|
March 2006
|
|
Gatto, Gregory Ian
|
Staten
Island, New York
|
Barred
|
He engaged in outside business activities
and failed to provide prompt written notice to his member firm.
|
September
2005
|
|
Garwes, Eric Martin
|
Savannah, GA
|
Barred
|
Pursuant to NASD Rule 9552(h)
|
July 2008
|
|
Gavigan, Kevin Howard
|
Millville, NJ
|
Barred
|
Gavigan wrote $51,400 worth of checks from a sailing club's bank account payable to "cash," cashed the checks and converted the proceeds to his own use and benefit without the club's authorization or consent. The findings stated that Gavigan willfully failed to amend his Form U4 to disclose material information.
|
July 2008
|
|
Gay, William Alan
|
Golden, Colorado
|
Barred
|
He engaged in private securities transactions without providing prior written notice to, and receiving approval from, his member firm. The findings stated that Gay failed to provide complete testimony and to respond to NASD requests for documents and information.
|
February, 2007
|
|
Geisenheimer,
Edward Leigh
|
South
Plainfield, NJ
|
Barred
|
He consented to the described sanction and
to the entry of findings that he failed to respond to NASD requests for
information.
|
December
2005
|
|
Genna, Jr., John Vincent
|
Boca Raton, FL
|
Barred
|
Pursuant to FINRA Rule 9552(h)
|
August 2009
|
|
George, Charles Rodney
|
St. Louis, MO
|
Barred
|
George engaged in deceptive practices to facilitate a payment of funds from a customer through improper means, including omitting material information pertaining to his financial history and making material misrepresentations concerning collateral and his ability to repay a purported loan. The findings stated that George falsely represented on his member firm's compliance certifications that he had not borrowed money from any public customers. The findings also stated that George requested that a notary public, who was an employee of the firm, notarize a signature previously completed by a firm customer who was not present at the time of the notarization.
|
June 2008
|
|
Georgia, III, Willis Scudder
|
Stephens City, VA
|
Complaint Filed
|
Georgia was named as a respondent in a FINRA complaint alleging that he misappropriated $7,500 from a charitable organization where he served as a volunteer treasurer by writing and cashing checks made payable to himself. The complaint alleges that Georgia failed to appear for a FINRA on-the-record interview. (FINRA Case #2008014358201)
|
September 2009
|
|
Geraci, Joseph Anthony (II)
|
Minneapolis, Minnesota
|
Barred
|
He violated the antifraud provisions of federal securities laws and NASD rules by trading common stock based upon material, nonpublic information conveyed to him by fiduciaries of the stock issuer.
|
February 2005
|
|
Gerber, Adam Phillip
|
Roswell, GA
|
Barred
|
Gerber, while employed with a member firm, found a registered representative's bank account checkbook,
took checks from the checkbook, made the checks payable to himself, forged the registered representative's signature on the checks, cashed the checks and converted the proceeds of $7,360 for his own use and benefit. The findings stated that Gerber failed to respond to FINRA requests for information.
|
July 2009
|
|
Germain, Paul Norman
|
Ankeny, Iowa
|
Barred
|
In his capacity as operations officer at his member firm, he converted shareholders' funds totaling $184,337.96 by having mutual fund holdings liquidated and having the proceeds delivered to him by check or wired to his bank account.
|
February, 2007
|
|
Getty, Keith Merle
|
Mechanicsburg, Pennsylvania
|
Barred
|
Pursuant to NASD Rule 9552 (h)
|
November 2005
|
|
Gianni, Jay James
|
Lancaster, New York
|
Barred
|
He participated in private securities transactions without providing prior written notice to, and receiving prior written approval from, his member firm.
|
April 2005
|
|
Gibbons, Thomas Patrick
|
Forest Hill, Maryland
|
Barred
|
He converted $1.5 million that belonged to persons who maintained accounts with him at his member firm for his own use and benefit. The findings also stated that he failed to respond to NASD requests for information.
|
February 2006
|
|
Gibbs, William Floyd Sr.
|
Sapphire, North Carolina
|
Barred
|
Violated NYSE Rule 476(a)(6) by effecting trades that were unsuitable in view of customers' investment objectives, prior investment experience, and financial experience and by effecting unauthorized trades; violated NYSE Rule 408(a) by exercising discretionary power in effecting transactions in accounts of numerous customers of member-firm employer without obtaining customers' prior written authorization.
|
June 2006
|
|
Gibson,
Michael Wayne
|
Sacramento,
California
|
Barred
|
He committed theft and embezzlement of
$30,000 from a public customer.
|
December
2005
|
|
Gibson, William George
|
Myrtle Beach, South Carolina
|
Barred
|
Gibson received $22,025 from public customers to purchase stock and to invest in a private placement butfailed to make the intended investments as directed.The findings also stated that Gibson failed to appearfor an NASD on-the-record interview.
|
July 2007
|
|
Gifford, Thomas Kennedy
|
Wyckoff, New Jersey
|
Barred
|
He effected transactions in the account of public customers without the customers' consent or authority.
|
June 2005
|
|
Gilbert, Jason St. John
|
Hilton Head Island, South Carolina
|
Barred
|
Violated NYSE Rule 476(a)(6) by failing to disclose prior criminal history which subjected him to statutory disqualification on his Application for Employment to member firm employer; violated NYSE Rule 476(a)(10) by making misstatements and/or omissions of fact on a Form U-4 filed with the NYSE; violated NYSE Rule 345.12 by submitting an inaccurate Form U-4 containing false information; violated NYSE Rule 476(a)(11) by failing to comply with written requests by the NYSE for information.
|
August 2006
|
|
Gill, Gary Wayne
|
Mickleton, NJ
|
Barred
|
Gill submitted a Letter of Acceptance,Waiver and Consent in which he was barred from association with any FINRA member in any capacity.Without admitting or denying the
findings, Gill consented to the described sanction and to the entry of findings that he misappropriated a customer's funds by investing the funds in securities transactions without the customer's knowledge and consent. The findings stated that after earning a profit from the investments, Gill took possession of approximately $29,603 of the profit for his personal use and benefit. The findings also stated that Gill effected unauthorized securities transactions using the customer's funds and securities. (FINRA Case # 2008014875501)
|
October 2009
|
|
Gillespie, Myles D.
|
Rye, N.Y.
|
Permanent bar from functioning in any capacity as specialist or from supervising any specialists, and from employment in any capacity on the Floor of the NYSE.
|
Violated NYSE Rule 342 by failing to reasonably discharge his supervisory responsibilities in that he failed to take actions reasonably designed to remedy and prevent Trading Ahead and Interpositioning, conduct of which he had notice, that was taking place in certain stocks at his Firm.
|
February, 2007
|
|
Gillette, Nevin Jon
|
Sterling, IL
|
Barred
|
Gillette fraudulently induced public customers to invest between $2.5 and $7million in guaranteed investment contracts (GICs) and created false account statements that supposedly verified that the GICs had been purchased. The findings stated that Gillette used the mails or other instruments of interstate commerce or the facilities of a national exchange to employ a device, scheme or artifice to defraud, and engaged in acts, practices and courses of business that operated as a fraud or deceit upon person in connection with the purchase or sale of securities, in that he used the telephone system to falsely tell investors that he would use their funds to invest in GICs. The findings also stated that Gillette converted the money and used the funds for his own
purposes. The findings also included that Gillette wired $354,717.19 into an investor's bank account in an attempt to settle a customer complaint so that he could continue his fraudulent scheme. FINRA found that Gillette failed to respond to FINRA requests for information.
|
June 2008
|
|
Gilliam, John Andrew
|
St. Louis, MO
|
Barred
|
Pursuant to FINRA Rule 9552(h)
|
August 2009
|
|
Gilmer, Wanda Latrice
|
Berkeley, IL
|
Barred
|
Pursuant to FINRA Rule 9552(h)
|
June 2009
|
|
Gilmore, Kenneth Joseph
|
Long Hill, New Jersey
|
Barred from association with any NASD member in any principal or supervisory capacity
|
Gilmore consented to the described sanctions and to the entry of findings that he violated an NASD suspension order by engaging in securities activities during his suspension. The finding stated that Gilmore attempted to conceal his active role at the firm from NASD, therefore violating the suspension order.
|
June 2006
|
|
Gimeli, Michael Raymond
|
Babylon, New York
|
Barred
|
Gimeli recommended OTC Bulletin Board (OTCBB) stocks without his member firm's affirmative determination that the issuers' current financial statements and material business information provided a reasonable basis for the recommendations. This decision has been appealed to the NAC and the sanctions are not in effect pending consideration of the appeal.
|
July 2007
|
|
Giordano, Gary
|
Brooklyn, NY
|
Barred
|
Former Yankee Financial Group, Inc.'s branch office manger, who settled charges of employing fraudulent sales practices, making unsuitable recommendations and failing to supervise brokers in the Brooklyn branch office
|
February 2005
|
|
Gist, Michael Anthony
|
Highlands Ranch, CO
|
Complaints Filed
|
Gist was named as a respondent in a FINRA complaint alleging that he recommended the purchase of variable universal life insurance policies (VULs) to customers and, in connection with the recommendations and resulting transactions, made untrue statements of material fact and omitted material facts necessary to make the statements that Gist made, in light of the circumstances in which they are
made, not misleading. The complaint alleges that Gist should have known that the information he provided the customers was inaccurate and/or incomplete, and that he was omitting to disclose material information. The complaint also alleges that Gist made unsuitable recommendations and sales of VULs to customers and, did not have a reasonable basis for believing that his recommendations were suitable in light of the
customers' financial situations and needs. (FINRA Case #2007007697001)
|
August 2009
|
|
Glantz, Stephen Joel
|
Bentleyville, OH
|
Barred
|
Pursuant to FINRA Rule 9552(h)
|
July 2009
|
|
Glaser, Kathleen Ann
|
Evansville, IN
|
Barred
|
Glaser misappropriated funds from a customer's account for her own use and benefit. The findings stated that Glaser, who was responsible for establishing direct payments and
paying some of the customer's monthly bills, set up an account on a non-firm Web site that was an online bill paying payment service without the customer's authorization. The findings also stated that Glaser used this online service to direct unauthorized payments totaling $8,679.27 from the customer's securities account to Glaser's creditors to pay for personal expenses.
|
July 2009
|
|
Glassing, Janette Olga
|
Cottage Grove, MN
|
Barred
|
Glassing failed to respond to FINRA requests for documents and information.
|
July 2008
|
|
Gleason, Juliette Suzanne
|
Duxbury, Massachusetts
|
1-Year Suspension
|
She participated in private securities transactions for compensation without providing prior written notice to, and receiving prior written approval from, her member firm.
|
March 2006
|
|
Glessner, Jr., Robert Frederick
|
Mansfield, OH
|
Barred
|
Glessner wrote checks to himself totaling $38,000 from an association for which he was the treasurer, used the funds for some purpose other than for the association's benefit and without the knowledge or consent of the association or its authorized representatives. The findings stated that Glessner failed to respond to FINRA requests for documents and information.
|
July 2008
|
|
Gliwa, Kenneth
|
Brooklyn, NY
|
Barred
|
Yankee Financial Group, Inc.'s former Vice President, who settled charges that he failed to supervise the Brooklyn branch office, allowed two unregistered persons to hire brokers and operate the branch office, failed to conduct any meaningful review of the three securities to evaluate their suitability for the firm's customers, and allowed the firm to operate without any written supervisory procedures.
|
February 2005
|
|
Glogovac, Nicholas David
|
Los Angeles, CA
|
Barred
|
Pursuant to NASD Rule 9552(h)
|
November 2007
|
|
Glowacki, Jennifer Lynn
|
Philadelphia, Pennsylvania
|
Barred
|
Glowacki failed to respond to NASD requests for information. The findings also stated the Glowacki willfully failed to disclose material information on her Form U4.
|
September, 2006
|
|
Godwin, Diana Lynn Adkins
|
Dagsboro, Delaware
|
Barred
|
She made unauthorized withdrawals totaling $19,550 from public customers' bank accounts and converted these funds for her own use and benefit.
|
March 2006
|
|
Goins, Richard Lewis
|
Azle, TX
|
Barred
|
Goins assisted a public customer in transferring funds from an existing individual retirement account (IRA) to a new IRA. The findings stated that after the account was established, a $3,284.65 residual was forwarded to the customer who gave it to Goins. The findings stated that Goins instructed a bank employee to deposit $1,684.65 of the proceeds into another bank customer's account and received the remaining balance of $1,600 in cash, thereby misappropriating the funds. Goins received the remaining balance of $1,600 in cash and misappropriated the funds.
|
October 2008
|
|
Goldberg, Eric Steven
|
Boca Raton, FL
|
Barred
|
Goldberg falsified information on wire authorization forms for customers who had ordered wire transfers, and submitted the falsified forms to his member firm. The findings stated that Goldberg fabricated a notary's signature and commission stamp impression on a customer's wire authorization form. The findings also stated that Goldberg failed to appear for a FINRA on-the-record interview.
|
March 2009
|
|
Goldberg, Irene Weiner
|
East Norwich, New York
|
Barred
|
He engaged in a pattern of trading activity in a public customer's account that was excessive in light of the customer's objectives, financial situation, and needs.
|
June 2005
|
|
Goldberg, Mitchell Louis
|
Syosset, New York
|
Barred
|
He engaged in a pattern of trading activity in a public customer's account that was excessive in light of the customer's objectives, financial situation, and needs.
|
June 2005
|
|
Golden, Stephen Ira
|
Livingston, NJ
|
Supervisory Bar
|
Golden aided and abetted a fraudulent trading scheme to park and to manipulate the price of bonds.
|
September 2008
|
|
Goldfine, Ronald
|
Brooklyn, NY
|
Complaint Filed
|
Goldfine was named as a respondent in a FINRA complaint alleging that he recommended and effected securities transactions in a public customer's account, which included utilizing margin, that resulted in an undue concentration inconsistent with the customer's financial situation and needs, and without having reasonable grounds for believing that the transactions were suitable for the customer on the basis of the customer's financial situation and needs. The complaint alleges that Goldfine recommended and executed unsuitable excessive transactions in the customer's account in light of the
customer's financial situation and needs.
|
September 2008
|
|
Goldstein,
Adam Robert
|
Lake Mary, Florida
|
Revoked
|
Failing to Pay Fines and/or Costs in Accordance with NASD Rules 8320
|
February, 2007
|
|
Goldstein, Alexander
|
Marlboro, NJ
|
Barred
|
Goldstein intentionally effected paired security transactions between his personal brokerage account and brokerage accounts he traded on behalf of a foreign-owned financial institution (the bank) and knowingly failed to disclose to the bank that he was the party on the other side of the transactions. The findings stated that Goldstein realized trading profits of at least $25,667.72 fromthe transactions, and the bank incurred a loss. The findings also stated that by the use of means or instrumentalities of interstate commerce, or of the mails, Goldstein intentionally and recklessly effected transactions in, and induced the purchase and sale of, NASDAQ securities by means of deceptive, manipulative and other fraudulent devices or contrivances.
|
July 2008
|
|
Golladay, Roy (Jr.)
|
Mesa, Arizona
|
Barred
|
He participated in private securities transactions and failed to provide his member firm with prior written notification of his participation in these transactions describing them in detail, his proposed role therein, whether he had received, or might receive, selling compensation in connection with the transactions. The findings stated that Golladay engaged in outside business activities without providing prompt written notice to his member firm. NASD found that Golladay solicited $2,000,000 from public customers to fund mortgages, but failed to maintain documentation evidencing what he did with these funds, did not use all the money collected for the stated purpose and transferred portions of the money into other business accounts he controlled, thereby commingling customer funds with the funds of other businesses. The findings also stated that Golladay failed to fully respond to NASD requests for documents and information.
|
May 2006
|
|
Gomez, Angel R.
|
SW Ranches, FL
|
Barred
|
Pursuant to NASD Rule 9552(h)
|
November 2007
|
|
Gomez, Jr., Jorge
|
Los Fresnos, TX
|
Barred
|
Gomez failed to respond to FINRA requests for information.
The findings stated that Gomez engaged in outside business activities, for compensation, without providing prompt written notice to his member firm.
|
March 2009
|
|
Gonchar, Andrew Paul
|
Staten Island, NY
|
Barred
|
The SEC affirmed sanctions following the appeal of a National Adjudicatory Council (NAC) decision. The sanctions were based on findings that Gonchar and Tony Polyviou fraudulently interpositioned a third-party account between their member firm and retail customers in convertible bond trades and charged the customers undisclosed fraudulently excessive markups. This decision has been appealed to the United States Court of Appeals for the Second Circuit. The bars are in effect pending consideration of the appeal. (FINRA Case #CAF20040058)
|
December 2009
|
|
Gonzalez, Ricardo
|
Fort Lauderdale, Florida
|
Barred
|
Gonzalez forged public customers' signatures on annuity withdrawal request forms, withdrew $31,200 from their fixed annuity without their knowledge, authorization or consent, and converted the funds to his own use and benefit. The findings stated that Gonzalez failed to respond to NASD requests for information.
|
April 2007
|
|
Gonzalez,
Yoland
|
San
Diego, California
|
Barred
|
She willfully failed to disclose material
information on her Form U4 and failed to respond to NASD requests for
information.
|
September
2005
|
|
Gonzalez, Gerard Costante
|
St. Petersburg, FL
|
Barred
|
Pursuant to NASD Rule 9552(h)
|
October 2007
|
|
Goodrich, Jordon Ernest
|
Las Vegas, Nevada
|
Barred
|
Pursuant to NASD Rule 9552(h)
|
July 2007
|
|
Gordon, Dennis Todd Lloyd
|
Rosenberg, TX
|
Barred
|
The Securities and Exchange Commission (SEC)
affirmed and imposed the sanctions following appeal of a NAC decision. The sanctions were based on findings that Gordon permitted an unregistered and statutorily disqualified individual to function as a principal of the firm and failed to disclose the
individual's association with the firm on its Uniform Application for Broker-Dealer Registration (Form BD). The findings also stated that Gordon charged public customers excessive and undisclosed markups.
|
August 2008
|
|
Gordon, Scott Burtenshaw
|
Holladay, UT
|
Barred
|
Gordon engaged in private securities transactions, for compensation, and failed to provide prior written notice to his member firm describing the proposed transactions and his
role therein, and failed to obtain his member firm's written approval. The findings stated that Gordon received $67,500 from public customers to invest but, instead, used the money to fund expenses incurred in connection with the general operations of his approved outside business activity company.
|
July 2008
|
|
Gorin, Keith Adam
|
Coral Springs, Florida
|
Barred
|
Pursuant to NASD Rule 9552 (d)
|
September 2005
|
|
Gornatti, Albert Joseph (Jr.)
|
Little Rock, Arkansas
|
Barred
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He issued 13 checks totaling $14,001.78, made payable to himself from the operating account of the member firm. NASD found that Gornatti converted the funds to his own use and benefit by endorsing and negotiating the checks without the knowledge or consent of his member firm, and concealed his activities by falsifying the general ledger and altering bank statements.
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March 2005
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Gornbein, Jon David
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Keego Harbor, MI
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Barred
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Gornbein failed to respond to FINRA requests for information.
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April 2009
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Gorrell, Shawn C.
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Jenks, OK
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Barred
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Pursuant to FINRA Rule 9552(h)
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June 2009
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Gorts, John Mark
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Boynton Beach, FL
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Barred
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Pursuant to NASD Rule 9552(h)
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January 2008
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Gossett, James Stanley
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Plano, TX
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Barred
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Gossett made unsuitable investment recommendations to public customers, in that they were inconsistent with each customer's financial situation, investment objective, circumstances and needs. The findings stated that Gossett, in verbal and written
communications with customers, made misleading or unwarranted claims about his investment strategy, particularly regarding investment risks, and made predictions or projections of the future performance of the strategy without providing a sound basis for evaluating his assertions. The findings also stated that Gossett prepared and distributed to prospective customers sales literature about his investment strategy that failed to include risk disclosures and provided misleading information about past performance; provided incomplete and/or misleading information to customers about the performance of their investments and/or the account balance; and prepared an account statement for a customer in which he did not report all of the customer's account holdings and thus reported an account balance that was greater than actual.
The findings also included that Gossett exercised discretion in firm customer accounts without the customers' prior written authorization and his member firm's prior written acceptance.
FINRA found that Gossett enlisted the service of a non-registered individual to solicit investors to open accounts with Gossett, promote Gossett's investment strategy, assist customers with completing application forms and serve as Gossett's primary point of contact. FINRA also found that, as compensation for the services, Gossett agreed to pay the individual half of the commissions he generated from trades in the customers'
accounts. In addition, FINRA determined that Gossett opened a securities brokerage account with another FINRA member without providing written notice to his member firm and without advising the other firm of his association with a member firm; failed
to disclose the account to his member firm after he opened the account; and failed to provide written notice to his member firm that he was engaged in an outside business activity. FINRA also found that, in response to a request for information, Gossett
knowingly provided false and misleading information.
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February 2009
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Gounelas, George Nickos
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Shirley, NY
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Barred
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Pursuant to NASD Rule 9552(h)
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January 2009
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|
Gotzmer, Arthur Kevin
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Melbourne, FL
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Barred
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Gotzmer signed customers' names to account documents without authorization to enroll their accounts in a fee-based program his member firm offered. The findings stated that Gotzmer entered unauthorized trades in customer accounts, and did not have
reasonable grounds to believe that trades in the accounts were suitable. The findings also stated that Gotzmer failed to timely respond to FINRA requests for information.
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February 2009
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|
Grados, Oscar, Gerardo
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Tacoma, WA
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Complaint Filed
|
Grados was named as a respondent in a FINRA complaint alleging that he made unsuitable recommendations to customers that they obtain home equity loans, deposit the proceeds in their securities accounts at his member firm and use the proceeds to purchase mutual funds. The complaint alleges that Grados arranged a monthly transfer from each customer account to a bank account that each customer controlled, from which the customer would make monthly loan payments. The complaint also alleges that Grados recommended the transactions knowing that none of the customers were financially capable of purchasing the recommended mutual funds without resorting to a home equity loan, and he also knew, or should have known, that the customers would rely substantially upon the mutual fund returns to make the required home equity loan payments, thereby placing their homes at risk. (FINRA Case #2007011315901)
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January 2010
|
|
Grafenauer, Todd
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Mukwonago, Wisconsin
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Barred
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Grafenauer falsified internal documentation so that he would be able to utilize uncompensated interns to promote his securities business and that of his partner.
|
August 2005
|
|
Graham, Dermot A.
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Pompano Beach, FL
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Barred
|
Graham wrongfully and without authorization converted $8,666.12 in funds for his own use and benefit from individuals by securing debit or credit cards linked to
their accounts, and used the cards for his personal benefit or a third party's benefit without the individuals' knowledge or consent. (FINRA Case #2008013506001)
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September 2009
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|
Gramentz, Alvin Edwin
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Bonita Springs, Florida
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Barred
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He failed to respond to NASD requests for information.
|
April 2005
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|
Granik, Fred
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Brooklyn, New York
|
Barred
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He was authorized to use a corporate credit card by the card's holder to charge airfare and hotel expenses for a business trip but he also charged an additional $727.35 for personal expenses to the card without the individual's authorization and failed to pay the individual for the total amount of $3,304.07 he charged to the credit card.
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January 2005
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|
Grantham, Stephen Paul
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Tulsa, OK
|
Complaint Filed
|
Grantham was named as a respondent in a FINRA complaint alleging that he converted $11,663.76 of customers' funds to his personal use by withdrawing and misappropriating the customers' monies from their IRA accounts. The complaint
alleges that Grantham acknowledged that the withdrawals were made without the customers' consent. The complaint also alleges that Grantham failed to respond to FINRA requests for information and documents. (FINRA Case #2008012871301)
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September 2009
|
|
Graves, Robert Michael (Jr.)
|
Heath, Texas
|
Complaint Filed
|
named as a respondent in an NASD complaint alleging that he participated in a private securities transaction and failed to provide written notice to his member firm describing the transaction, his role therein, and whether he might receive selling compensation. The complaint also alleges that Graves recommended and effected a transaction in the account of a public customer without having reasonable grounds for believing that his recommendation, and the resulting purchase by the customer, was suitable based upon the customer's financial situation and needs. The complaint further alleges that Graves engaged in an outside business activity and failed to provide his member firm with written notice of his activity. In addition, the complaint alleges that Graves obtained a $52,000 loan from a public customer in violation of firm policy prohibiting the receipt or solicitation of loans from public customers.
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February 2005
|
|
Gray, Dante Foree
|
Indianapolis, Indiana
|
Barred
|
Pursuant to NASD Rule 9552(h)
|
July 2007
|
|
Gray, Steven
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Brooklyn, NY
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Barred
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By the use of means and instrumentalities of interstate commerce, the mails and the facilities of national securities exchanges, Gray used and employed manipulative and deceptive devices and contrivances, by employing devices, schemes and artifices to defraud; making untrue statements of material facts and omitting to state material facts necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading; and engaged in acts, practices and courses of business which operated and would operate as a fraud and deceit upon persons in connection with the purchase and sale of notes and stock. The findings stated that Gray orchestrated, conducted, participated in and supervised a fraudulent scheme in which firm employees induced investors to purchase promissory notes based on false and fraudulent statements and omissions of material fact. The findings also stated thatGray failed to respond to NASD requests to appear for an on-the-record interview.
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September 2007
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Gray, William J.
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Brick, NJ
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Barred
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Gray forged the signatures of a customer and brokers of his member firm on necessary paperwork for the customer's purchase of a variable annuity. (FINRA Case #2008013503901)
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September 2009
|
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Green, David Augustus
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Coral Springs, Florida
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Barred
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He effected, or caused to be effected, transactions in the accounts of public customers without the customers' prior authorization.
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August 2005
|
|
Greenberg, Evan
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Huntington, NY
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5-Year Bar
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Greenberg violated NYSE Rule 476(a)(6) by (a) causing employer to purchase, sell or redeem shares of mutual funds at a price which was not based on current net asset value of such security next computed after receipt of tender of such security for redemption or of order to purchase or sell such security, in violation of applicable regulatory requirements of Rule 22c-1(a) under Section 22(c) of Investment Company Act of 1940, (b) causing employer to improperly purchase, sell or redeem shares of mutual funds after close of market, at share price prior to close, rather than at next day's share price and (c) engaging in deceptive practices with respect to certain business activities involving trading of mutual funds.
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August 2008
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Gregg, Jason William
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Bear, Delaware
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Barred
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He was identified in the records of a bank affiliated with his member firm as a co-owner of bank accounts maintained at the bank and caused sham service fee refunds to be credited to the accounts. The findings also stated that Gregg made various withdrawals from the accounts totaling $2,160, and used the funds for his own benefit.
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April 2005
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Greos, James W.
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Scottsdale, Arizona
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Revoked
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Failure to pay fines and/or cost in accordance with NASD Rule 8320
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May 2005
|
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Greth, Marlena D.
|
Unknown
|
Consent to censure and permanent bar.
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Misappropriated funds belonging to her member firm employer, and caused a violation of Section 17 of the Securities Exchange Act of 1934 and Rules 17a-3 and 17a-4 thereunder, and Exchange Rule 440, in that she made or caused to be made, false books and records.
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August 29, 2005
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Griffin, Donald Wayne
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Birmingham, AL
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Barred
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Pursuant to NASD Rule 9552(h)
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July 2008
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|
Griffin, Tonya Marie
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Brodhead,WI
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Barred
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Griffin failed to respond to FINRA requests for information.
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May 2009
|
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Griggs, Jerry Glenn
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Grapevine, TX
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Barred
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Griggs, along with Gregory Orlan Dartez, wrote and disseminated press releases touting the securities of an oil and gas company that were not fair and balanced, and failed to provide a sound basis for evaluating the facts regarding the securities. The findings stated that the press releases omitted material facts, including the company's recent revenues, causing the press releases to be misleading.
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April 2008
|
|
Grigley, Jr., Donald William
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Hamden, CT
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Barred
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Pursuant to FINRA Rule 9552(h)
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September 2009
|
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Grose, Myrle C. (Jr.)
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Ridgeley, West Virginia
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Barred
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He misappropriated approximately $1.2 million from public customers intended for investment in securities. The findings stated that instead, Grose converted the funds to his own use and benefit. NASD also found that Grose failed to respond to NASD requests for information.
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March 2005
|
|
Grossman, Harvey Scott
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Blue Bell, Pennsylvania
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Barred
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Grossman consented to the described sanction and to the entry of findings that he failed to appear for an NASD on-the-record interview.
|
February, 2007
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|
Groth, John Henry
|
North Bethesda, Maryland
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Revoked
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Failing to Pay Fines and/or Costs in Accordance with NASD Rules 8320
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February, 2007
|
|
Guckert, Jeffrey David
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South Boston, MA
|
Barred
|
Guckert failed to respond to FINRA requests for information. The findings stated that Guckert promised in an oral agreement to
provide a financial service plan to a customer for two years and, instead of complying with the terms of the agreement and forwarding the customer's funds to his member
firm's corporate office, Guckert endorsed the check and deposited it in an unknown account. The findings also stated that Guckert provided some financial planning advice to his customer over a short time period, but resigned from his firm without notifying the customer that he would not be providing further services, and failed to return any of the funds paid by the customer for the agreed-upon services.
|
February 2009
|
|
Guenther, Christopher Ronald
|
Macedonia, OH
|
Barred
|
Guenther engaged in private securities transactions without prior written notice to, and written approval from, his member firm. The findings stated that without apublic customer's permission, Guenther transferred the customer from an existing fee based account to a commission-based IRA and began making unauthorized trades in the account. The findings also stated that Guenther sold securities from the customer's other retirement accounts without authorization and transferred the funds into the commission-based account. The findings also included that Guenther made unauthorized trades in the accounts, causing the accounts to sustain trading losses of $25,300 and to generate commission fees of $34,220. FINRA found that Guenther, without regard to the customer's fee structure preferences, placed the customer into the commission-based account with a fee structure that could reasonably have been expected to result in a greater cost than the previous fee-based account. FINRA also found that Guenther sent the customer an email that his member firm did not review or approve from his own personal email address. In addition, FINRA determined that Guenther solicited and recommended a highly risky and speculative investment to a public customer that was inconsistent with the customer's investment objectives and financial situation. FINRA also found that Guenther made untrue statements during a FINRA on-the-record interview.
|
October 2008
|
|
Guetzkow, Christopher James
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Orono, MN
|
Barred
|
Guetzkow failed to disclose material information on his Form U4 and failed to appear for an on-the-record interview. (FINRA Case #2008012446901)
|
September 2009
|
|
Gugisberg, Peter Harvey
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Fargo, North Dakota
|
Barred
|
Gugisberg failed to appear for an NASD on-the-record interview.
|
July 2007
|
|
Gulamerian, Russell Orin
|
Unknown
|
Censure and bar until he complies.
|
Failed to comply with Exchange request for information.
|
July 21, 2005
|
|
Guldenzopf, Ellen Annette
|
Portland, OR
|
Barred
|
Pursuant to NASD Rule 9552(h).
|
March 2006
|
|
Gunnette, Holly Ann
|
Riverside, CA
|
Complaint Filed
|
Gunnette was named as a respondent in a FINRA complaint alleging that she caused her personal residence to be reflected as the address of record for investment accounts of a public customer at her member firm, and established an account for the customer at another member firm, using her personal residence address as the account's address of record. The complaint alleges that Gunnette received checks totaling $925,513.28 drawn on the accounts, deposited the checks into bank accounts she owned or controlled, and
used the proceeds for her own benefit and not for the customer's, thereby converting the funds to her own use and benefit. The complaint also alleges that Gunnette caused
her member firm's and the other firm's records to be falsified by using her personal address for the customer's address.
|
May 2008
|
|
Gustavson, Mary Denise
|
McKinney, TX
|
Barred
|
Gustavson assisted a public customer in obtaining a loan from a bank and to ensure that the customer obtained the loan, she retrieved a financial statement from a third person and pasted the customer's name and date of birth over the third person's name and date of birth to make it appear as if it were the customer's financial statement. The findings stated that Gustavson copied the altered document and submitted the copy to the bank to support the customer's loan application. The findings also stated that Gustavson failed to respond to FINRA requests for information.
|
April 2008
|
|
Guthrie, William Yeager
|
Fairfax, California
|
Barred
|
He participated in private securities transactions without providing prior written notification to, and receiving approval from, his member firm. The findings also stated that Guthrie recommended to a public customer the purchase of shares of common stock in his IRA without having reasonable grounds for believing that the purchase was suitable for the customer based on the facts disclosed by the customer regarding his financial situation and needs. The findings also stated that Guthrie effected the purchase of common stock in the IRA of a public customer without the prior knowledge and consent of the customer. NASD found that, when asked to cancel the order, Guthrie informed him that it was too late to cancel when, in fact, the transaction was not settled until a later time.
|
February 2005
|
|
Guzman, Kevin
|
New York, New York
|
Barred
|
Guzman recommended and effected unsuitable and excessive
transactions in public customers' account and also churned the account, demonstrating that his excessive trading was to derive a profit at the customers' expense. The findings
stated that Guzman included false financial information and investment experience on the customers' account application documents, which the customers signed and Guzman submitted to his member firm. The findings also stated that Guzman made misrepresentations to public customers regarding their account balances to conceal their losses.
|
July 2008
|
|
Gwin, Vivian Veryle
|
Bismarck, ND
|
Barred
|
Gwin participated in private securities transactions, for compensation, without prior written notice to, and written approval from, her member firm. The findings stated that Gwin failed to appear for a FINRA on-the-record interview.
|
August 2008
|
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Always consult an attorney and/or investment adviser when building and protecting your wealth.
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