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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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Haas, David Christian
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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.
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June 2009
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Hachtel, Jason James
|
Cottage Grove, Wisconsin
|
Barred
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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
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|
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.
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December 2007
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Hackett, Timothy Paul
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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)
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December 2009
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Hagelberger, III, Milton L.
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Sarasota, FL
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Barred
|
Pursuant to NASD Rule 9552(h)
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July 2008
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Hager, Bruce Allan
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Fargo, North Dakota
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Barred
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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.
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March 2006
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Hager, Loris Kay
|
Fargo, ND
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Barred
|
Pursuant to NASD Rule 9552(h)
|
August 2008
|
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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
|
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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
|
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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
|
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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)
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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.
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June 2009
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Hollander, Richard Samuel
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Boca Raton, Florida
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Barred
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Pursuant to NASD Rule 9552 for failure to provide information requested under NASD Rule 8210.
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February 2005
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Hollins, Stacey Paul
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Brooklyn, New York
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Barred
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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.
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July 2005
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Holtsclaw, Kenneth Cecil
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Tampa, Florida
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Barred
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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.
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July 2007
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Holub, Robert Jay
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Alamo, California
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Barred
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He consented to the entry of findings that he permitted a statutorily disqualified person to be associated with their member firm.
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January 2005
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Hong, Bei Min
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Brooklyn, New York
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Barred
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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.
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June 2006
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Hook, Hampton Forrest
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Montgomery, Alabama
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Barred
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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.
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July 2005
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Hoole, John Robert
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Marion, IL
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Barred
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Pursuant to NASD Rule 9552(h)
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February 2008
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Hopen, Michael Charles
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Cape Girardeau, MO
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Barred
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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.
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December 2007
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Horne, Brian Young
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Centerville, UT
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Barred
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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.
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March 2008
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Horne, Sheila Corne
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Indian Trail, NC
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Barred
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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.
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February 2008
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Horton, Gregory Arthur
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Monmouth Beach, NJ
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Barred
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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.
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March 2008
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Horton, Richard (III)
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Camden, New Jersey
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Barred
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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.
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March, 2007
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Hoshowski, Brian Joseph
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Beaverton, OR
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Barred
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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)
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December 2009
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Houser, Melissa Anne
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New Albany, Ohio
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Barred
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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.
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February 2005
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Hovermale, Robert Doyle
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Brownsburg, IN
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Barred
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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
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February 2008
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Hovsepian, Jr., George
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Ludlow, MA
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Barred
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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)
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October 2009
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Howell, Melanie Erin
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Olney, Maryland
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Barred
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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.
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August 2006
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Hsu, Hsialoan Sharon
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Wellesley, MA
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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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Huang, Cathy Yiping
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Holmdel, New Jersey
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Barred
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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).
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November 2006
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Huang, Michael Ta-Zen
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Atlanta, Georgia
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Barred
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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.
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July 2006
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Huck, Lori A.
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Greenfield, Wisconsin
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Barred
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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.
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March 2005
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Huebner, Daniel William
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Grinnell, Iowa
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Barred
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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.
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February 2005
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Huelsmann, Jennifer R.
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Avon, IN
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Barred
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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.
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February 2009
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Huffman, Donald Scott
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Boardman, Ohio
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Barred
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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.
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March, 2007
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Hug, Jeffrey Michael
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Aurora, Colorado
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Barred
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He failed to respond to NASD requests for documents and information.
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March 2005
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Hughes, Joseph William
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Stewartville,MN
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Barred
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Pursuant to FINRA Rule 9552(h)
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July 2009
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Hughes, Paul Howard
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Kenmore, Washington
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Barred
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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.
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June 2006
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Hughes, Samuel Davis
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Panama City, Florida
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Barred
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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
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May 2005
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Hughes, Timothy Martin
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Franklin Square, New York
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Barred
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Hughes consented to the described sanction and to the entry of findings that he failed to appear for an NASD on-the-record interview.
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November 2006
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Hull, John Vincent
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Liberty Lake, Washington
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Barred
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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.
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September, 2006
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Humphrey, Randall Scott
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Scottsdale, Arizona
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Barred
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Above should say Pursuant to NASD Rule 9552(h)
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May 2007
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Hunt, Jeffery David
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Defiance, OH
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Barred
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Hunt failed to disclose an outside business activity to his member firm; and failed to respond to FINRA requests for information.
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February 2009
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Hunt,
Paul R.
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Greenville,
North Carolina
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Barred
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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.
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December
2005
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Hunt, Thomas Mark
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Oklahoma City, Oklahoma
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Barred
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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.
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May 2006
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Hunter, Robin C.
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Mesa, Arizona
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Barred
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Pursuant to NASD Rule 9552 (h)
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December 2005
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Hupp, Jr., Herbert Edward
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Valparaiso, IN
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Barred
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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.
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January 2008
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Huynh, Phuong Lan Thi
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San Deigo, California
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Barred
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Failure to Provide Information Requested under NASD Rule 8210.
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June 2005
|
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Hyde, Jr., Carl Frazier
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Prospect, KY
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Barred
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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.
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May 2008
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