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Name

Residence

What

Why

Date

Haas, David Christian

East Hanover, NJ

Barred

Haas participated in outside business activities without providing his member firm with written notice of these activities. The findings stated that Haas falsified correspondence to cover up these activities and falsely certified to his firm he was not engaged in outside business activities. The findings also stated that Haas failed to appear for a FINRA on-the-record interview.

June 2009

Hachtel, Jason James

Cottage Grove, Wisconsin

Barred

He forged public customers' signatures on new and updated investment advisory agreements in order to change the agent of record on the investment advisory accounts without the customers' knowledge or consent.

March 2006

Hacker, Scott Martin

Providence, RI

Barred

Hacker caused his member firm's parent company to make charitable donations of $32,000 to a non-profit organization of which he was treasurer without the authority to do so. The findings stated that Hacker failed to provide on-the-record testimony that FINRA requested.

December 2007

Hackett, Timothy Paul

Riverview, FL

Barred

Without admitting or denying the findings, Hackett consented to the described sanction and to the entry of findings that he placed day trades in his personal brokerage account that he maintained at the firm, which resulted in a margin deficiency in that account. The findings stated that Hackett had insufficient assets to satisfy the margin deficiency and, in an effort to satisfy the margin deficiency, accessed one of the firm's back office systems and transferred approximately $6,129 from the firm's general ledger account into his personal account. The findings also stated that Hackett failed to appear for a FINRA on-the-record interview. (FINRA Case #2008013227301)

December 2009

Hagelberger, III, Milton L.

Sarasota, FL

Barred

Pursuant to NASD Rule 9552(h)

July 2008

Hager, Bruce Allan

Fargo, North Dakota

Barred

He participated in outside business activities for compensation without providing prompt written notice to his member firm. The findings stated that Hager provided misleading information to NASD.

March 2006

Hager, Loris Kay

Fargo, ND

Barred

Pursuant to NASD Rule 9552(h)

August 2008

Hager, Ray Wesley

Morrison, IL

Barred

Hager failed to respond to FINRA requests for information.

April 2008

Hahn, Mary E.

Oceanside, NY

Barred

Hahn violated NYSE Rules 476(a)(6) and 477 when she engaged in misappropriation by making unauthorized purchases on a credit card belonging to employee of member firm employer; violated NYSE Rules 476(a)(11) and 477 by failing to comply with written requests for information.

January 2008

Hailperin, Scott Perry aka Halperin, Sott Perry

Maitland, FL

Barred

Hailperin received $7,000 from a public customer for investment purposes but, instead, converted some of the funds to his own use and benefit.

June 2008

Hall, Candice Elicia

Coral Springs, FL

Barred

Hall intentionally submitted a Request for Verification for Employment that overstated her salary and reflected an incorrect length of service of employment and incorrectposition title; she transmitted the document to a mortgage company in connection with an application for a home mortgage loan.

February 2008

Hammond, Jr., Dempsey Bennett

Destin, FL

Barred

Pursuant to NASD Rule 9552(h)

February 2008

Hammerle, Stuart Michael

Philadelphia, Pennsylvania

Barred

Without the knowledge or consent of a public customer, Hammerle submitted a letter to his member firm that reflected the customer’s purported signature and stated that checks totaling $15,000 from the customer’s margin account be made payable to entities with which Hammerle had personal business dealings. The findings stated that the checks were issued and negotiated and were to be applied by the entities to Hammerle’s benefit.

October 2005

Hammonds, Bruce Edward

Boerne, TX

Complaint Filed

Hammonds was named as a respondent in a FINRA complaint alleging that he fraudulently induced member firm customers and other individuals to liquidate their accounts and invest in excess of $1million in a Ponzi scheme. The complaint alleges that rather than investing the money he received from customers and investors in securities or futures contracts as he represented, Hammonds misappropriated the customers' and investors' funds, using the funds to pay for personal expenses as well as to pay investors in the Ponzi scheme under the guise that they were receiving returns on their investments. The complaint further alleges that, in furtherance of the scheme to defraud, Hammonds provided customers and investors with fictitious account statements reporting growth in their investments. (FINRA Case #2008013990501)

November 2009

Hanchar, Michael John

Canon City, Colorado

Barred

He converted $772,170.82 by unlawfully making redemptions from the mutual fund accounts of public customers, wiring the proceeds to bank accounts of other unrelated shareholders, and subsequently transferring the proceeds to bank accounts he controlled.

January 2005

Hanes, Debra lea

Bend, OR

Barred

Hanes was barred from association with any FINRA member in any capacity. The sanction was based on findings that Hanes failed to respond to FINRA requests for information. The findings also stated that Hanes forged a customer's signature on an insurance application without the customer's knowledge or authorization. (FINRA Case #2007011071701)

October 2009

Hansen, Warren Karl

Boca Raton, FL

Barred

Hansen failed to respond to FINRA requests for information and documents.

April 2008

Hanson, Ebony Chantel

Woodbridge, Virginia

Barred

She willfully failed to disclose a material fact on her Form U4. The findings also stated that Hanson failed to respond to NASD requests for information.

May 2005

Haq, Iftikhar Ul

Toms River, NJ

Barred

The National Adjudicatory Council (NAC) imposed the sanctions following an appeal of an Office of Hearing Officers (OHO) decision. The sanctions were based on findings that Haq engaged in unauthorized transactions in a customer's account without the customer's knowledge or authorization, and also on the NAC's finding that Haq engaged in unsuitable, excessive trading in the customer's account.

July 2009

Hardy, Jr., Ronald Edward

Port Jefferson Station, NY

Barred

Hardy was barred from association with any FINRA member in any capacity. The sanction was based on findings that Hardy falsified new account records that the customers did not authorize and, in some cases, contained extensive false information including inaccurate birth dates, social security numbers and financial information. The findings stated that Hardy submitted these new account forms to his member firm, causing its required records to be inaccurate. The findings also stated that Hardy engaged in unauthorized transactions in customer accounts. (FINRA Case #2005001502703)

November 2009

Harper, Mark Francis

Stow, OH

Complaints Filed

Harper was named as a respondent in a FINRA complaint alleging that he engaged in a pattern of mutual fund switching in public customers' accounts of without having reasonable grounds for believing that the transactions were suitable for the customers in view of the nature of the recommended transactions and in light of the customers' financial situations, investment objectives, circumstances and needs. The complaint alleges that Harper placed orders to buy and sell mutual fund positions without the customers' prior written authorization and his member firm's prior written acceptance of the accounts as discretionary. The complaint also alleges that Harper failed to timely amend his FormU4 to disclose a settlement with a customer for $23,041.02 in connection with his mutual fund switching. (FINRA Case #2007011333401)

August 2009

Harrington, William Ray

Clearwater, FL

Barred

Harrington's member firm's parent company issued him a corporate credit card to pay insurance agent and licensing fees to various state departments of insurance, but heused the credit card to convert to his own use and benefit $119,721.91 of the insurance company's funds.

November 2007

Harris, Jacqueline Denise

Highlands Ranch, CO

Barred

Harris submitted expenses for reimbursement totaling $5,000 to her member firm and represented that the corporate credit card expenditures were properly reimbursable business expenses when they actually consisted of personalexpenses, previously reimbursed expenses and non-reimbursable expenses.

November 2007

Harris, Stephen Colley

Tuscaloosa, AL

Barred

Harris falsified an annuity distribution request form by cutting signatures from another document and taping them to the form, then transmitting or causing it to be transmitted to the insurance company for payment; forged a customer's initials without his knowledge, authorization or consent on a Subscription Agreement that the customer had previously signed, and then submitted it to the issuer; and failed to respond to FINRA requests for information and to appear for an on-the-record interview.

January 2009

Harper, Kimberly Ann

Inver Grove Heights, MN

Barred

Harper failed to respond to FINRA requests for information. The findings stated that Harper failed to disclose material information on her FormU4.

February 2008

Hasie, Montague

Lubbock, TX

Barred

Hasie failed to cooperate with an NYSE Regulation investigation concerning matters that occurred while he was employed by a member firm.

December 2007

Hardaker, Kimberly Pine

Laguna Niguel, California

Barred

Hardaker acted as a broker-dealer without being registered with the SEC. The findings stated that Hardaker participated in a private securities transaction, for compensation, without providing prior written notice to, and receiving prior written approval from, her member firm. The findings also stated that Hardaker received $543,630 from public customers for the purchase of securities and commingled the monies with unrelated funds subjecting the customer funds to a risk of loss. The findings also included that Hardaker created and mailed confirmation statements to public customers purporting to evidence the securities purchases. NASD found that on the confirmation statements Hardaker provided to the customers, she failed to disclose that the price of the shares included a one cent per share markup.

November 2006

Hardy, Gary Wayne

Chandler, Arizona

Barred

He received approximately $420,000 from public customers for investments purposes, and without the customers' knowledge or consent, deposited the funds in a bank account that he controlled, thereby misusing and converting the funds for his own use and benefit.

June 2006

Harbison, Michael Allen

Arlington, TX

Barred

Harbison consented to the described sanction and to the entry of findings that, as an employee of his member firm's banking affiliate, he withdrew $4,540 from a customer's account without the customer's permission. The findings stated that Harbison made the withdrawal by cashing a Debit Memo and using a special number that only he knew through his work for the affiliate bank, which allowed him to withdraw the funds from the customer's overdraft line of credit. (FINRA Case #2008015761301)

December 2009

Harris, Norman Albert

Randallstown, Maryland

Barred

Harris failed to respond to NASD requests for information. The findings further stated that Harris failed to provide his member firm with prompt written notice of his outside business activities.

February, 2007o:p>

Hart, James R.

Hermitage, PA

Barred

Hart recommended to public customers, and effected in their accounts, purchases of speculative securities without having reasonable grounds for believing that the recommendations were suitable for the customers. The findings stated that Hart failed to respond to FINRA requests for information.

October 2008

Harvey, Gale Andrew

Mount Juliet, TN

Barred

Pursuant to NASD Rule 9552(h)

July 2008

Hayes, Gerard Thomas

Easton, CT

Barred

Hayes knowingly or recklessly engaged in fraudulent trading on the Floor of the NYSE and violated his fundamental agency obligations as a specialist to hold the interest of public customer orders entrusted to him above the proprietary interests of his member Firm and himself, and to match executable customer orders.

July 2008

Haynes, Steven Hadley

East Longmeadow, Massachusetts

Barred

Haynes consented to the described sanction and to the entry of findings that he failed to appear for an NASD on-the-record interview.

December 2005

Hayward, Michael Joseph

Ramsey, NJ

Barred

On thousands of occasions during the relevant period, Hayward knowingly or recklessly engaged in fraudulent trading on the Floor of the NYSE and violated his fundamental agency obligations as a specialist to hold the interest of public customer orders entrusted to him above the proprietary interests of his member firm and himself, and to match executable customer orders. The public customer orders were transmitted to the Floor of the NYSE electronically. Instead of pairing buy and sell orders, Hayward intentionally "interpositioned" the firm's dealer account between those orders or intentionally "traded ahead" of orders on one side of the market. In either case, Hayward disadvantaged customer orders.

March 2008

Hayworth, Chuck Richard

Barred

Hayworth prepared and submitted 403(b) Employee Retirement Income Security Act (ERISA) Distribution Request forms on public investors' behalf authorizing the distribution of 403(b) assets to rollover Individual Retirement Accounts (IRAs) at his member firm. The findings stated that, even though the investors had consented to the transfers, they were ineligible for rollovers because they were currently still employed by the 403(b) plan sponsor. The findings also stated that Hayworth was aware of their ineligibility but provided false employment-status information and forged the plan administrator's signature on each distribution request form to facilitate the rollovers.

May 2009

Healey, Mark Francis

New York, NY

Barred

Pursuant to NASD Rule 9552(h)

December 2008

Heathman, Michael Jay

Lexington, Kentucky

Barred

He solicited and accepted $43,374 from a public customer, then deposited the funds into his bank account for his personal use without the customer's knowledge or consent.

February 2006

Heilbrun, Donald Eric St.

Mission Hills, California

Barred

Without admitting or denying the findings, Heilbrun consented to the described sanction and to the entry of findings that he participated in a private securities transaction without providing prior written notice to, and receiving prior written approval from, his member firm. The findings stated that Heilbrun effected securities transactions in a public customer's account based upon the oral trading instructions he had received from a third party, and failed to provide prior notice to, or receive prior written approval from, his member firm to permit him to accept trading instructions from a third party.

July 2006

Hejazi, Khaldoun Akram

Morrison, CO

Barred

Hejazi erroneously deposited $149,800.00 of funds belonging to a customer into a bank account which he controlled. The findings stated that Hejazi transferred the funds to his personal bank account and applied the funds to his personal use. The findings also stated that the customer had intended for the funds to be deposited into a trust or credit union account in her name. The findings also included that Hejazi later repaid the funds that he had misused.

February 2009

Helbig, Thomas Charles

Carnegie, PA

Barred

Helbig misused a public customer's funds by causing the unauthorized transfer of $10,000 from a customer's annuity to a bank account Helbig owned, thereby commingling the customer's funds with his personal funds. The findings stated that Heblig failed to respond fully to FINRA requests for information and documents, and failed to appear for a FINRA on-the-record interview.

August 2008

Helm, John D.

Owensboro, Kentucky

Barred

Helm failed to respond to NASD requests for information. The findings stated that Helm failed to amend his Form U4 with material information.

April 2007

Helton, Amalia Lillian

Wyandotte, MI

Barred

Helton owed a bank $533 in overdraft charges and other charges to her checking account; wrote a check from another checking account for $533, knowing she had inadequate funds in the account and submitted the check to the first bank, but the check was returned for non-sufficient funds. The findings stated that Helton failed to respond to FINRA requests for additional information.

February 2009

Heng, Adam Chamroeurn

Brooklyn, New York

Barred

Heng executed unauthorized transactions, used margin without authorization, failed to follow instructions in public customers' accounts and failed to respond to an NASD request for an on-the-record interview.

December 2006

Hennagir, Catherine Marie

Houston, TX

Barred

Pursuant to FINRA Rule 9552(h)

September 2009

Henry, Jonathan

Unknown

Censure and five year bar following period of statutory disqualification.

Failed to disclose criminal record on Form U-4; violated Exchange Rule 477 by failing to comply with requests for information.

January 25, 2005

Henry, Mark Leon

Joplin, MO

Barred

Pursuant to NASD Rule 9552(h)

March 2008

Henry, Ryan Richard

Commerce City, Colorado

Barred

Pursuant to NASD Rule 9552(h)

July 2007

Hernandez, Juan Carlos

Guaynabo, PR

Barred

Hernandez engaged in a pattern of charging commissions on equity trades substantially in excess of his member firm's standard commission rate that began at the start of, and continued throughout, his employment with the firm. The findings stated that Hernandez manipulated the firm's order entry system so as to enable him to charge the commissions in question. The findings stated that Hernandez had an express agreement with a public customer to charge a lower commission rate, but he fraudulently violated the agreement. The findings also stated that Hernandez failed to report complaint letters from the customer as reportable complaints to his member firm, causing his firm to violate NASD Rule 3070(c).

May 2008

Herndon, Joseph Edward

Unknown

Consent to censure and permanent bar

Misappropriated customer funds; engaged in acts detrimental to the interest or welfare of the Exchange in violation of Exchange Rule 476(a)(7) in that he was convicted of the criminal offense of exploitation of an elderly person, a felony, which involved the theft of customer funds.

August 29, 2005

Herrera, Rene U.

El Paso, Texas

Barred

Failure to Provide Information Requested under NASD Rule 8210.

May 2005

Herrera, Sherri Lynn

Pueblo, Colorado

Barred

Herrera received $718.44 from public customers for insurance premium payments, but deposited $564.44 of the funds in a bank account under her control and used them to pay for her personal expenses.

January 2006

Hersh, Mitchell

Staten Island, New York

Barred

He knowingly falsified, and/or caused to be falsified, variable annuity policy applications for public customers by recording inaccurate addresses for the customers in order to sell them variable annuity contracts not approved for sale in the states where the customers actually resided. The findings also stated that he knowingly falsified, and/or caused to be falsified, a variable annuity policy application for a customer by recording that the policy application was signed in Florida when, in fact, the application was signed in New York. NASD also found that he knowingly sold variable annuity contracts to public customers that were not approved for sale in the states of the customers' residences.

January 2005

Hershberg, Elliot M.

Harrison, New York

Barred

Pursuant to NASD Rule 9552(h)

February, 2007

Hershner, Martin Ray

Lexington, Ohio

Barred

He caused redemption of $54,906.72 from public customers’ mutual funds and committed conversion by cashing these funds for his own use or benefit without the knowledge or consent of the customers.

November 2005

Hernandez, Jose

Cary, Illinois

Barred

Hernandez received $4,100 from a public customer for investment purposes, but used the funds for his personal benefit and not for the customer's benefit. The findings stated that Hernandez created false account statements inorder to conceal his conversion of the customer's funds.The findings also stated that Hernandez failed to respond to NASD requests for information.

July 2007

Hesdra, James Louis

Howell, New Jersey

Barred

While registered with a member firm, he impersonated another registered representative while soliciting clients to open new accounts or to engage in securities transactions; listed the representative as the registered representative of record on new account forms and order tickets when Hesdra was aware that he, rather than the representative, had opened the new accounts or handled the securities transactions in question; and forged the representative's signature as the registered representative of record on new account forms. NASD also found Hesdra, in participation with other registered representatives and associated persons of his member firm, misrepresented to customers that he was selling them shares of stock, and thereafter diverted those customer's checks away from his member firm in order to convert those funds.

May 2005

Heyrich, John Joseph

Brookside, New Jersey

Barred

Heyrich willfully failed to disclose material facts on his member firm's employment application and on his Form U4.

April 2007

Hilyer, Jr., Ronald

Okeechobee, Florida

Barred

Hilyer caused the purchase and sale of a securities position to be executed in a public customer's account without the customer's prior authorization or consent, and without having discretionary power over the account. The findings stated that Hilyer failed to respond to NASD requests for information.

May 2007

Hiles, Wesley Matthew

Tamaqua, Pennsylvania

Barred

He solicited public customers to purchase a variable annuity or other securities products, received instructions or authorization from the customers to invest the funds on their behalf in conformance with the solicitation, and thereafter misappropriated $270,000 of the customers' funds for his own use and benefit.

 

June 2005

Hill, Richard Wayne

Wellington, FL

Barred

Hill issued checks totaling $479,450 from customer accounts to corporate payees representing that he was purchasing race horses for the customers; but, instead, converted $350,000 to his own use by arranging for the corporate payees to issue Checks made payable to him for the same dollar amounts, less a small administrative fee. The findings stated that Hill settled a customer complaint for $12,000 and failed to inform his member firm about the complaint.

 

July 2009

Hiller, Lisa M.

Addison, TX

Barred

Hiller failed to disclose in writing to her member firm the existence of outside brokerage accounts in which she held a beneficial interest. The findings stated that Hiller failed tonotify one of the member firms at which she had an account that she was associated with an NASD member firm. The findings also stated that Hiller failed to respond to NASD requests to provide sworn testimony.

 

September 2007

Hines, Brent Allen

Parker, CO

Barred

Hines failed to respond to a FINRA request for information and documents.

 

November 2008

Hinkley, Jesse John

New Fairfield, CT

Complaint Filed

Hinkley was named as a respondent in a FINRA complaint alleging that he engaged in improper telephone solicitations of potential customers in connection with the offer of securities, and made untrue statements of material facts and omitted to state material facts necessary to make the statements made, in light of the circumstance under which they were made, not misleading. The complaint alleges that Hinkley made false representations in the form of unwarranted price predictions, that lacked a reasonable basis for the predictions and touted companies, but omitted to disclose any risks associated with the proposed investments. The complaint also alleges that Hinkley falsely represented that he had years of success as a broker in managing customer accounts, when he had actually been a broker for less than a year, and misleadingly suggested that past performance implied future performance. The complaint further alleges that Hinkley falsely represented a minimum share requirement for processing an order through his firm. In addition, the complaint alleges that Hinkley used sales scripts that a registered principal of his firm had not approved prior to use; did not disclose the name of his member firm; failed to provide or offer available investment information supporting each recommendation; were not fair and balanced, omitted material facts, were materially misleading; and contained unwarranted price predictions and performance projections. The complaint also alleges that Hinkley failed to respond to FINRA requests for information and documents, and failed to appear for an on-the-record interview.

 

April 2009

Hintze, Erica L.

Burlington, VT

Barred

Hintze signed a branch manager's name on account-relateddocuments and signed his name using a medallion guarantee stamp without his permission or authority. The findings stated that Hintze signed a public customer's name on name change forms without the customer's permission or authority.

 

September 2007

Hirth, Gary Evert

Phoenix, Arizona

Barred

Hirth willfully failed to disclose material information on his Form U4.

 

May 2007

Hitchcock, Paul Gerard

San Rafael, CA

Barred

Hitchcock failed to respond to FINRA requests for information and documents, and to provide on-the-record testimony.

 

February 2009

Hixson, Cheryl Ann Howard

Cleveland, TN

Barred

Hixson failed to respond to a FINRA request for information.

 

December 2008

Hiyashi, Jennifer

Unknown

Censure and bar until she complies.

Failed to comply with Exchange requests for information.

 

June 13, 2005

Ho, Taihwa Terry

Fresh Meadows, New York

Barred

He participated in a manipulative scheme or course of business designed to inflate the share price of OTC Bulletin Board-traded issuers and to create the false appearance of active trading in those securities. The findings stated that the manipulative scheme involved the entry of customer buy orders at progressively higher prices and the entry of matched orders to buy and sell shares of the companies. The findings also stated that Ho failed to disclose his outside business activities to his member firm.

 

April 2006

Hoag, Paul Martin

Holland, Ohio

Barred

Hoag failed to respond to NASD requests for information and documents. The findings stated that Hoag engaged in outside business activities, for compensation, without providing his member firm with prompt written notice.

June 2006

Hobson, Brenda Lois

College Station, TX

Barred

Hobson made unauthorized withdrawals totaling $5,485 from a public customer's account without the customer's knowledge, authorization or consent. The findings stated that Hobson signed wire transfer documents in the customer's name, and wired the funds into her own bank account. The findings also stated that Hobson attempted to conceal the withdrawals by transferring funds totaling $5,548.91 from a second account the customer held to the account where the initial withdrawals were made, without the customer's knowledge, authorization or consent, thereby converting the customer's funds to her own use and benefit.

May 2008

Hodder, Russell Orville (Jr.)

Comstock Park, Michigan

Barred

Hodder effected, or caused to be effected, securities transactions in public customers' accounts without their prior knowledge or authorization and in the absence of written or oral authorization to exercise discretion in their accounts. The findings stated that Hodder signed public customers' names on withdrawal statement forms or checks totaling $56,500, without their knowledge or consent, and without written or oral authorization to do so, and used the funds to invest in a company he controlled. The findings also stated that Hodder failed to respond to NASD requests for information.

April 2006

Hodge, Jr., Eddmon Mark

St., George, UT

Barred

Hodge failed to respond to FINRA requests for information and documents.

December 2008

Hogan, Michael Oliver

Charlotte, North Carolina

Barred

Hogan consented to the described sanction and to the entry of findings that he completed forms requesting withdrawals from a public customer's variable annuity, and forged the customer's signature on the withdrawal forms and blank checks without the customer's knowledge or authorization, thereby converting $167,000 to his own use and benefit.

July 2006

Holdman, James Riley

Baker, LA

Barred

Holdman failed to respond to FINRA requests for information and to appear for on-the-record testimony.

June 2009

Hollander, Richard Samuel

Boca Raton, Florida

Barred

Pursuant to NASD Rule 9552 for failure to provide information requested under NASD Rule 8210.

February 2005

Hollins, Stacey Paul

Brooklyn, New York

Barred

Hollins failed to respond to NASD requests for information. The findings also stated that Hollins willfully failed to disclose material facts on his Form U4.

July 2005

Holtsclaw, Kenneth Cecil

Tampa, Florida

Barred

Holtsclaw falsified business expense reports, receiving $282.72 to which he was not entitled, because he requested reimbursement for restaurant gift cards or meals for unauthorized guests in addition to reimbursement for actual meal expenses in violationof his member firm's written supervisory procedures.The findings stated that Holtsclaw failed to appear for an NASD on-the-record interview.

July 2007

Holub, Robert Jay

Alamo, California

Barred

He consented to the entry of findings that he permitted a statutorily disqualified person to be associated with their member firm.

January 2005

Hong, Bei Min

Brooklyn, New York

Barred

Hong consented to the described sanction and to the entry of findings that she willfully failed to disclose material information on her Form U4. The findings stated that Hong failed to respond to NASD requests for information.

June 2006

Hook, Hampton Forrest

Montgomery, Alabama

Barred

He loaned $6,100 to public customers to be deposited into their account at his member firm for the purchase of shares of stock. The findings stated that Hook guaranteed public customers against loss in connection with the purchase of shares in a company. NASD also found that Hook opened a brokerage account for a public customer by completing and signing "New Account Approval" and "Client Option Agreement and Approval" forms; the information provided by Hook and contained on the forms, however, was inaccurate. In addition, NASD found that Hook shared in the account of a public customer of his member firm by funding all transactions with his own funds and keeping all but $1,000 of the account proceeds for himself without obtaining prior written authorization from his member firm. The findings also stated that Hook executed unauthorized purchase and sale transactions in the account of a public customer without the customer's knowledge or consent. NASD also found that Hook exercised discretion in the accounts of public customers without having obtained prior written authorization from the customers and without prior written acceptance of the accounts as discretionary by his member firm. In addition, NASD determined that Hook recommended purchase and sale transactions in the account of a public customer without having reasonable grounds for believing that the frequency and nature of the recommended transactions were suitable for the customer based on the customers' financial situation, objectives, circumstances, and needs.

July 2005

Hoole, John Robert

Marion, IL

Barred

Pursuant to NASD Rule 9552(h)

February 2008

Hopen, Michael Charles

Cape Girardeau, MO

Barred

Hopen engaged in a scheme to obtain non-securities funds from a public customer by transmitting, or causing to be transmitted, electronic wire transfer of funds and money from the customer's bank account to Hopen's credit card accounts. The findings stated that Hopen caused checks to be written on the customer's bank account that were made payable to Hopen, and obtained approximately $16,700 innon-securities funds from the customer. The findings also stated that Hopen failed to respond to FINRA requests for documents and information.

December 2007

Horne, Brian Young

Centerville, UT

Barred

Refer to barring of Kevin Dee Kunz. Horne, as the Investment Management Corporation's president and compliance officer, knew of the independent consultant requirement in the earlier decision or acted with reckless disregard by failing to apprise himself of the sanctions imposed in the decision, but knowingly or recklessly permitted the firm to participate in the offerings without satisfying the independent consultant requirement. FINRA found that Horne knew, or should have known, that Kunz was not permitted to act as a general securities principal but failed to supervise Kunz to prevent him from functioning as a principal while suspended.

March 2008

Horne, Sheila Corne

Indian Trail, NC

Barred

Horne engaged in unauthorized trading in, and made unauthorized distributions from, an Individual Retirement Account (IRA) that an individual maintained at the firm. Thefindings stated that Horne either entered a sell order herself or directed a registered person to enter a trade in the individual's IRA without his authorization. The findings also stated that Horne transferred the funds generated from the sales into a joint checking account that Horne and the individual owned. The findings also included that Horne accomplished the unauthorized trading by signing the individual's name,without his knowledge or consent, to the distribution forms the firm required to process the transfer of funds.

February 2008

Horton, Gregory Arthur

Monmouth Beach, NJ

Barred

While exercising control over his customers' accounts at his member firm and while acting with the requisite scienter, he excessively traded the accounts, which resulted in annualized cost-to-equity ratios ranging from21 percent to 244 percent. The findings stated that as a result of Horton's churning of the accounts, many of the customers incurred substantial losses.

March 2008

Horton, Richard (III)

Camden, New Jersey

Barred

Horton consented to the described sanction and to the entry of findings that he improperly attempted to have his member firm reimburse him for his personal expenses.

March, 2007

Hoshowski, Brian Joseph

Beaverton, OR

Barred

Hoshowski consented to the described sanction and to the entry of findings that, contrary to firm procedures, he borrowed $137,000 from his member firm's customers without prior written notice to, or prior approval from, his member firm. The findings stated that Hoshowski engaged in private securities transactions and failed to provide prior written notification to the firm. The aggregate value of all notes sold totaled approximately $1.06million. The findings also stated that Hoshowski failed to respond to a FINRA request to provide testimony. (FINRA Case #2008012450001)

December 2009

Houser, Melissa Anne

New Albany, Ohio

Barred

She entered into a settlement agreement with public customers without the knowledge or approval of her member firm. The findings also stated that Houser falsified promissory notes she tendered to public customers in connection with the settlement agreement by drafting the notes on the letterhead of a company where she was employed as a consultant and by falsely identifying herself on the notes as a company vice president, creating the false impression that the company issued the notes, without the company's knowledge or consent.

February 2005

Hovermale, Robert Doyle

Brownsburg, IN

Barred

Hovermale used falsified documents to direct the sale of securities in a public customer's account, transferred the proceeds to his personal bank account without the customer's authorization or knowledge, and used the funds for his benefit and not customer's. The findings stated that Hovermale failed to respond to a FINRA request to appear to give testimony and to provide documents and information

February 2008

Hovsepian, Jr., George

Ludlow, MA

Barred

Hovsepian 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, Hovsepian consented to the described sanction and to the entry of findings that he falsified surrender charge information on disclosure documents he prepared in connection with a variable annuity transaction for a customer. The findings stated that Hovsepian forged the customer's signature on variable annuity documents without her knowledge, authorization or consent. (FINRA Case #2008012935101)

October 2009

Howell, Melanie Erin

Olney, Maryland

Barred

Howell consented to the described sanction and to the entry of findings that, during a Series 7 qualification examination, she retained in her possession notes related to the subject matter of the qualification examination. Therefore, she violated the Rules of Conduct she had signified acceptance of prior to the examination.

August 2006

Hsu, Hsialoan Sharon

Wellesley, MA

Barred

Pursuant to NASD Rule 9552(h)

January 2009

Huang, Cathy Yiping

Holmdel, New Jersey

Barred

The findings stated that Huang failed in her duties as one of the firm's principals to ensure that the firm promptly complied with its suspension. The findings also stated that Huang failed to timely and fully respond to NASD requests for documents and information. The respondent appealed NASD's findings and sanctions to the Securities and Exchange Commission (SEC).

November 2006

Huang, Michael Ta-Zen

Atlanta, Georgia

Barred

The sanction was based on the finding that Huang failed to respond to NASD requests for information. The finding stated that Huang misrepresented his identity by using another registered representative's computer password to complete a firm-required continuing education session for the other registered representative.

July 2006

Huck, Lori A.

Greenfield, Wisconsin

Barred

Huck endorsed and deposited into her personal securities and bank account checks totaling $59,079.69, meant for her member firm, without the firm's knowledge or consent, and used the proceeds for her own benefit or for the benefit of someone other than the firm. NASD also found that Huck received a $10,000 check, made payable to her member firm, with instructions to deposit the check into the account of a public customer. Huck deposited the funds into her own personal securities account and used the funds for some purpose other than for the benefit of the customer. She later had the deposit reversed and credited to the customer's securities account. In addition, the findings stated that Huck endorsed and deposited into her personal securities account checks totaling $2,800, made payable to her member firm, and used the proceeds of the checks for her own benefit or for the benefit of someone other than the customer.

March 2005

Huebner, Daniel William

Grinnell, Iowa

Barred

He engaged in outside business activities for compensation and failed to provide his member firm with prompt written notice of these transactions and his role therein.

February 2005

Huelsmann, Jennifer R.

Avon, IN

Barred

Huelsmann obtained blank checks used for the collection and transmittal of insurance customers' premium payments from an account her insurance supervisor maintained, and forged her supervisor's signature on checks totaling $1,050 made payable to herself. The findings stated that Huelsmann endorsed the checks, cashed them and used the proceeds for some purpose other than the benefit of her supervisor or his customers, without the supervisor's knowledge. The findings also stated that Huelsmann failed to respond to FINRA requests for information.

February 2009

Huffman, Donald Scott

Boardman, Ohio

Barred

Huffman received $5,600 from public customers to purchase insurance but failed to apply the funds as directed and, instead, used the funds for his own benefit, thereby misusing customer funds. The findings also stated that Huffman issued a false business document to a public customer representing that her unoccupied house was insured when it was not.

March, 2007

Hug, Jeffrey Michael

Aurora, Colorado

Barred

He failed to respond to NASD requests for documents and information.

March 2005

Hughes, Joseph William

Stewartville,MN

Barred

Pursuant to FINRA Rule 9552(h)

July 2009

Hughes, Paul Howard

Kenmore, Washington

Barred

In his capacity as a trustee of a public customer trust, he opened an account in the name of the trust, took loans for himself from the trust account, and as a result, the assets of the trust account were substantially depleted. The findings stated that in order to distribute the income or principal of the trust account to the customer, Hughes made quarterly distributions totaling $11,727.42 from the trust account to the customer's bank account without the customer's knowledge, authorization or consent, thereby making improper use of customer funds. The findings also stated that Hughes drew checks totaling approximately $9,582 from the trust account to pay for personal expenses without the customer's knowledge, authorization or consent. During the same time period, Hughes deposited approximately $9,014.70 of his own funds into the trust account. Hughes thereby misused $9,014.70 in customer funds without the customer's knowledge, authorization or consent, and did not account for approximately $567.30 in customer funds, which Hughes thereby converted for his own use and benefit. NASD found that Hughes affixed, or caused to be affixed, a customer's signature to letters purporting to authorize transfers totaling $5,858.16 from the customer's trust account to the customer's bank account without the customer's knowledge, authorization or consent.

June 2006

Hughes, Samuel Davis

Panama City, Florida

Barred

He engaged in unauthorized transactions in a customer account and recommended unsuitable variable annuity switches and purchases. NASD found that Hughes mislead a public customer by making material misrepresentations and omissions. The findings also stated that Hughes reallocated customer funds without the knowledge or consent of the customer and failed to respond to NASD requests for information

May 2005

Hughes, Timothy Martin

Franklin Square, New York

Barred

Hughes consented to the described sanction and to the entry of findings that he failed to appear for an NASD on-the-record interview.

November 2006

Hull, John Vincent

Liberty Lake, Washington

Barred

Hull consented to the described sanctions and to the entry of findings that he engaged in a series of pre-arranged and other manipulative trades, including trades with Canadian firms, The findings stated the Hull made a market in a thinly traded pink sheet stock, and moved his quotes and traded over 7.5 million shares of the stock, at the directions of an individual barred by NASD. Hull's manipulative trading of the stock contributed to an increase of over 600 percent in the inside bid price of the stock, and his trading and other conduct created the false appearance of trading volume and market interest in the stock and artificially affected the security's market price, The findings also included that as a result of this trading, Hull generated $18,500 in his wife's IRA account.

September, 2006

Humphrey, Randall Scott

Scottsdale, Arizona

Barred

Above should say Pursuant to NASD Rule 9552(h)

 

May 2007

Hunt, Jeffery David

Defiance, OH

Barred

Hunt failed to disclose an outside business activity to his member firm; and failed to respond to FINRA requests for information.

 

February 2009

Hunt, Paul R.

Greenville, North Carolina

Barred

Hunt consented to the described sanction and to the entry of findings that he effected transactions in public customers’ accounts without their prior knowledge or authorization.

December 2005

Hunt, Thomas Mark

Oklahoma City, Oklahoma

Barred

Hunt received $1,770 from a public customer for insurance payments, issued the customer an official receipt, but did not apply the payment to the insurance policy. He instead converted the funds for his own personal use and benefit. The findings stated that Hunt failed to respond to NASD requests for information.

May 2006

Hunter, Robin C.

Mesa, Arizona

Barred

Pursuant to NASD Rule 9552 (h)

December 2005

Hupp, Jr., Herbert Edward

Valparaiso, IN

Barred

Hupp participated in private securities transactions, for compensation, and failed to give written notice to, and receive written approval from, his member firm prior to engaging in the transactions.

January 2008

Huynh, Phuong Lan Thi

San Deigo, California

Barred

Failure to Provide Information Requested under NASD Rule 8210.

June 2005

Hyde, Jr., Carl Frazier

Prospect, KY

Barred

Hyde accepted a signed blank check from a public customer to purchase a variable annuity and, instead, made the check payable to a family member for personal use. The findings stated that Hyde failed to respond to FINRA requests for an on-the-record interview.

May 2008




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