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Name
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Residence
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What
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Why
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Date
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Gaddy, Christopher Edward
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El Mirage, Arizona
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Barred
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He willfully failed to disclose material information on his Form U4.
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February 2006
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Gainor,
Ryan Michael
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San
Diego, California
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Barred
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He refused to appear for an NASD on-the-record
interview, and failed to respond to NASD requests for information and
documents.
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December
2005
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Galeotafiore, Louis Joseph (Jr.)
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New York, New York
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Suspended for 18-months in a general securities principal capacity.
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He failed to supervise the sales practices of registered representatives located at his branch, and failed to establish, maintain and enforce written supervisory procedures and supervisory systems reasonably designed to ensure that the brokers under his supervision complied with federal securities laws and NASD rules in the conduct of their sales practices, and to prevent them from making baseless recommendations and employing fraudulent sales practices to solicit customers to purchase shares of securities.
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June 2006
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Gallardo, Emmanuel Cahot
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Wayne, New Jersey
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Barred
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Gallardo failed to respond to NASD requests for information. The findings stated that Gallardo willfullyfailed to amend his Form U4 to disclose material information.
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July 2007
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Galvan,
Francisco
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Stockton,
California
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Barred
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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.
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November
2005
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Garcia, David Nathaniel
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Santa Fe, New Mexico
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Barred
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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.
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September, 2006
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Garcia, Patrick Jesse
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Yukon, Oklahoma
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Barred
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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.
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February 2005
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Gariepy, John J. (Jr.)
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Scranton, Pennsylvania
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Barred
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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.
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August 2005
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Garrett, Carol Anne
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Huntington, Connecticut
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Barred
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She misappropriated $76,728.51 in customer funds and her firm's payroll funds without the customer and firm's authorization or consent.
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June 2005
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Gaskill, Tearle Guy
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Portsmouth, VA
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Barred
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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.
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September 2007
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Gaspero, Anthony J.
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Monee, Illinois
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Barred
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He engaged in securities business without being registered with NASD in any capacity.
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March 2006
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Gassoso, Gregory
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Staten Island, New York
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Complaint Filed
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Named as a respondent in an NASD complaint alleging that he effected transactions in the accounts of public customers without the customers' prior knowledge, authorization, or consent. The complaint further alleges that Gassoso failed to forward incoming and outgoing electronic correspondence with a public customer to his member firm for review as required by the firm's written procedures.
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August 2005
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Gatto, Gregory Ian
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Staten
Island, New York
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Barred
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He engaged in outside business activities
and failed to provide prompt written notice to his member firm.
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September
2005
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Gay, William Alan
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Golden, Colorado
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Barred
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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.
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February, 2007
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Gebhart, Donna Traina
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Fallbrook, California
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1-Year Suspension
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She sold unregistered securities that were not exempt from registration, and recklessly misrepresented and omitted material facts in connection with the sale of securities. NASD found that she participated in private securities transactions without providing their member firm with prior written notification describing, in detail, each proposed transaction, their role therein and whether they had received, or might receive, selling compensation. This action has been appealed to the United States Court of Appeals for the Ninth Circuit, and all sanctions are not in effect pending consideration of the appeal.
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May 2006
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Geisenheimer,
Edward Leigh
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South
Plainfield, NJ
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Barred
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He consented to the described sanction and
to the entry of findings that he failed to respond to NASD requests for
information.
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December
2005
|
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Geraci, Joseph Anthony (II)
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Minneapolis, Minnesota
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Barred
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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.
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February 2005
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Germain, Paul Norman
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Ankeny, Iowa
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Barred
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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.
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February, 2007
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Getty, Keith Merle
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Mechanicsburg, Pennsylvania
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Barred
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Pursuant to NASD Rule 9552 (h)
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November 2005
|
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Gianni, Jay James
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Lancaster, New York
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Barred
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He participated in private securities transactions without providing prior written notice to, and receiving prior written approval from, his member firm.
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April 2005
|
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Giarmoleo, Paul Michael
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Miller Place, New York
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Complaint Filed
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Giarmoleo along with Emanuel Pantelakis and Keith Craig Baron were named as respondents in an NASD complaint alleging that Pantelakis, acting on his member firm's behalf, authorized the firm and Giarmoleo to recommend stocks to public customers without having a reasonable basis for doing so, and without having reviewed current financial statements and material business information for providing a reasonable basis for recommending the stocks. Giarmoleo, in recommending a stock, without a reasonable basis for doing so, made price predictions to customers, and Pantelakis and Giarmoleo omitted material information in the selling. The complaint alleges that the firm, Pantelakis, Giarmoleo and Baron, in connection with the purchase or sale of securities, and by the use of means or instrumentalities of interstate commerce or by the mails, directly or indirectly, knowingly or recklessly employed devices, schemes or artifices to defraud; made untrue statements of material facts or omissions to state material facts necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading; or engaged in acts, practices or courses of business that operated, or would operate, as a fraud or deceit upon any person. The complaint also alleges that Pantelakis, acting on the firm's behalf, recommended that Baron solicit customers to buy a stock in a private placement without having a reasonable basis for recommending the stock or for believing it was suitable for public customers. In recommending the private placement, Baron made price predictions. The complaint also alleges that the firm and Baron caused one customer's account to buy a stock without the customer's authorization. The complaint further alleges that Pantelakis and Baron recommended that customers buy the stock in the secondary market without a reasonable basis for the recommendations or for believing the stock was suitable, and omitted material information in their recommendations. In recommending the buy in the secondary market, Baron made price predictions to customers. In addition, the complaint alleges that Pantelakis, on the firm's behalf, falsified a new account form, causing his firm to make and keep a false record. Furthermore, the complaint alleges that the firm and Pantelakis failed to establish, maintain and enforce a system to supervise the activities of each representative and associated person that was reasonably designed to achieve compliance with applicable securities laws, regulations and NASD rules; failed to establish, maintain and enforce written procedures to supervise the types of businesses in which the firm engaged; and failed to supervise the sales practices of Pantelakis, Giarmoleo, Baron and others. The complaint alleges that Pantelakis testified falsely in an NASD on-the-record interview.
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February, 2007
|
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Gibbons, Thomas Patrick
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Forest Hill, Maryland
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Barred
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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.
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February 2006
|
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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.
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June 2006
|
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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.
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July 2007
|
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Gifford, Thomas Kennedy
|
Wyckoff, New Jersey
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Barred
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He effected transactions in the account of public customers without the customers' consent or authority.
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June 2005
|
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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.
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August 2006
|
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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.
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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
|
|
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
|
|
Gilpin-Morgan, Myrtle Jean
|
Elmont, NY
|
1-Year Suspension
|
Gilpin-Morgan engaged in excessive and unsuitable trading in a public customer's Individual Retirement Account (IRA) of over which she exercised written discretionary authority, and was inconsistent with the investment objectives and financial situation and needs of the customer.
|
November 2007
|
|
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
|
|
Gleason, Juliette Suzanne
|
Duxbury, Massachusetts
|
1-Year Suspension
|
She participated in private securities transactions and received commissions without providing prior written notice to, and receiving prior written approval from, her member firm.
|
February 2006
|
|
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
|
|
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
|
|
Godfrey, Marcos Arrington
|
Chicago, Illinois
|
Complaint Filed
|
Named as a respondent in an NASD complaint alleging that he misused customer funds, totaling $600, that were intended as a payment for the purchase of an annuity for the benefit of customer. Godfrey accepted the cash, but he did not use the customer funds to purchase the annuity as intended. The complaint also alleges that Godfrey failed to respond completely to NASD requests for information.
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May 2005
|
|
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
|
|
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 | | | | |
