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Name

Residence

What

Why

Date

Kamijima, Craig M.

Boca Raton, FL

Barred

Pursuant to Rule 9552(h)

March 2009

Kaminsky, Daniel

Kintersville, Pennsylvania

Barred

Violated NYSE 476(a)(6) by failing to disclose prior criminal conviction on employment application submitted to his member firm employer; violated NYSE Rule 477 by failing to comply with written requests by NYSE for information concerning matters that occurred prior to employment termination.

August 2006

Kapara, Ram

Brooklyn, New York

Barred

He failed to respond to NASD requests for information and to appear for on-the-record interviews. The findings also stated that Kapara submitted a copy of his purported signed resignation letter bearing a date that was false and misleading to NASD. In addition, NASD found that Kapara made material misrepresentations to public customers in connection with the sale of securities to public customers. Moreover, NASD found that Kapara effected private securities transactions and failed to provide prior written notice to his member firm describing the proposed transaction, his proposed role therein, and stating whether he had or might receive compensation for it. The NAC reversed the finding that Kapara exercised discretion in the account of a public customer without the customer's written authorization and his firm's written acceptance of the account as discretionary.

August 2005

Kaplan, Matthew Samuel

New York, NJ

Barred

Kaplan converted and misappropriated funds from his member firm to his own use and benefit by using his firm-issued corporate credit card to charge personal expenses and falsifying his expense report to induce his member firm to pay for personal charges. The findings also stated that Kaplan intentionally submitted false expense reports to his member firm, disguising his personal expenses as legitimate business expenses, which caused his firm to have false books and records.

October 2008

Kapsalis, Roger Angelo

Brooklyn, New York

Barred

Kapsalis participated in a private securities transaction, failed to provide written notification to his member firm and failed to respond to NASD requests for information.

February, 2007

Karamian, Jacob

Glendale, CA

Barred

Karamian changed the address of record for a customer's brokerage account to the branch address of the firm office where he worked without the customer's knowledge, authorization and consent. The findings stated that Karamian sent, via facsimile, a letter of authorization to his member firm's cashiering department requesting a wire transfer of $281,768 from the customer's brokerage account to a third party escrow account at a bank without the customer's knowledge, authorization and consent. The findings also stated that Karamian had the customer sign the letter of authorization for the withdrawal of these funds, knowing that the customer had not read the letter and did not knowingly authorize or consent to the request to transfer funds out of his account. The findings also included that through a series of financial transactions, Karamian caused $261,000 of the funds transferred to be deposited into a bank account he controlled and the customer had not authorized the transfer. (FINRA Case #2007010029301)

September 2009

Karcagi, Joseph Lee

Punta Gorda, Florida

Barred

He failed to appear in response to an NASD request for an on-the-record interview.

November 2005

Karidas, Thomas George

Athens, Greece

Barred

Karidas failed to respond to a FINRA request for an on-the-record interview.

November 2007

Kaso, William Anthony

Penbroke Pines, FL

Barred

Pursuant to NASD Rule 9552(h)

November 2007

Kaufman, Barry Alan

Boca Raton, Florida

Barred

He effected unauthorized securities transactions in the accounts of public customers. The findings also stated that he failed to execute customer orders.

March 2005

Kavalec, John Francis

Batavia, Illinois

Barred

Kavalec failed to respond to NASD requests for information. The findings stated that Kavalec borrowed $25,000 from a public customer in contravention of his member firm's written supervisory procedures specifically prohibiting borrowing money from customers.

July 2007

Kaweske, John David

Miami, Florida

Barred

The NAC imposed the sanctions following appeal of an OHO decision. The sanctions were based on findings that Kaweske failed to promptly return investor funds after an offering closed without meeting its sales contingency, and failed to establish an escrow account for the contingency offering.

May 2007

Kay, Herbert Ivan

Columbus, Ohio

Barred

He was engaged in private securities transactions and failed to provide prior written notice to his member firm.

January 2005

Keane, Eileen A.

Unknown

Censure and bar until she complies, to become permanent if she does not comply in three months.

Violated Exchange Rule 477 by failing to comply with requests for documents and for testimony.

February 15, 2005

Keifner, Steven Craig

Ventura, CA

Barred

The sanction was based on findings that Keifner engaged in unauthorized options trading in a customer's account and made unsuitable recommendations given the customer's age, investment objectives, financial status and needs. The findings stated that Keifner entered inaccurate information on his member firm's books and records by altering the customer's account documentation and thereby entering false information on the firm's books and records. The findings also stated that Keifner failed to respond to FINRA requests for information and to appear for testimony. (FINRA Case #2007009444701)

December 2009

Kelle, Calvin L.

Quincy, IL

Barred

Pursuant to NASD Rule 9552(h)

November 2007

Keller, John Walter

Menlo Park, CA

Barred

Keller submitted account-related documents to his member firm on which he signed public customers' names without their authorization. The findings stated that Keller did not make a notation on the documents that he signed on the customers' behalf and did not notify his firm that he was signing the documents for the customers. The findings also stated that Keller did not have discretionary authority, letters of authorization or powers of attorney over any of the customers and signed the customers' names knowing that it was against security industry rules. The findings also included that Keller failed to respond to FINRA and NYSE requests to provide on-the-record testimony.

May 2008

Keller, Shawn Steven

St. Paul, MN

Barred

Keller stole computer monitors and a telephone worth $4,400 from his member firm and pawned them for cash. The findings stated that Keller failed to respond to FINRA requests for information. (FINRA Case #2008015227201)

August 2009

Kelly, Peter D.

Belle Meade, NJ

Barred

Kelly, the former head of sales and trading in the loan syndication department of Calyon Securities (USA) Inc., was barred for insider trading - tipping three friends about a pending merger between Duratek, Inc. and Energy Solutions LLC.

October 2008

Kelley, Kevin Owen

Norwalk, Connecticut

Barred

Kelley engaged in outside business activities without providing prompt written notice to his member firm. The findings also stated that Kelley failed to appear for an NASD on-the-record interview.

June 2005

Kelly, Brian James

Severna Park, MD

Barred

Kelly churned a public customer's account and engaged intrading in the account that was unsuitable due to the quantity of trades and excessive use of margin. The findings stated that Kelly exercised discretion in the customer's account without his member firm's prior written approval. This decision has been appealed to the NAC and the sanction is not in effect pending consideration of the appeal.

October 2007

Kelly, Michael Eugene

Wadsworth, Ohio

Barred

He effected transactions in the account of a public customer without having reasonable grounds for believing that these recommendations and resultant transactions were suitable for the customer on the basis of her financial situation, investment objectives, and needs.

August 2005

Kelly, William Francis

Fort Myers, FL

Barred

Kelly failed to respond to FINRA requests for information.

April 2009

Kelly, William George (Jr.)

Fort Lauderdale, Florida

Barred

Kelly borrowed $25,000 from a public customer in contravention of his member firm's written supervisory procedures stating that employees were not allowed to borrow money from, or lend money to, firm customers. The findings stated that Kelly falsely represented to his firm in a signed compliance questionnaire that he had not borrowed money from any firm customer. The findings also stated that Kelly delivered a personal check to the customer as repayment of the loan but the check was returned to the customer for insufficient funds due to a closed account-Kelly has never made any payment on the loan. The findings also included that Kelly failed to respond to NASD requests for information.

December 2006

Kelsch, Karen

Unknown

Consent to censure and a permanent bar.

Engaged in conduct inconsistent with just and equitable principles of trade in that she misappropriated funds belonging to another employee of her member firm organization.

June 16, 2005

Kelsey, John Alvin

La Crosse, WI

Barred

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

April 2008

Kendall, Allyne Riese, (III)

San Diego, California

Barred

Pursuant to NASD Rule 9552 (h)

November 2005

Kendall, William A.

Abington, Massachusetts

Barred

Kendall consented to the described sanction and to the entry of findings that he entered into lending arrangements with customers and failed to inform his member firm or to obtain the firm's permission, contrary to the firm's written supervisory procedures that prohibit its representatives from borrowing money from customers. The findings stated that Kendall failed to appear for an NASD on-the-record interview.

July 2006

Kent, Derek Roy

Franktown, CO

Barred

Kent participated in private securities transactions, received compensation for his participation, failed to provide his member firm with prior written notice, and failed to receive the firm's prior written approval. The findings stated that Kent engaged in outside business activities and failed to provide his firm with prompt written notice. The findings also stated that Kent negligently failed to advise investors and firm customers of material facts concerning a real estate venture and his involvement; specifically, that proceeds from the venture were to be applied towards defaulted bank loans for which he was personally liable. (FINRA Case #2007008911201)

September 2009

Kesner, Gerald Jamieson

Lakewood, CO

Barred

Kesner failed to disclose material information to public customers and other investors regarding the acquisition of securities and membership interests in a company. The findings stated that Kesner's recommendations to the customers were unsuitable based on their financial situation and needs. This decision has been appealed to the NAC, and the sanction is not in effect pending consideration of the appeal.

November 2008

Ketcham, Mike A.

Palatine, IL

Barred

Ketcham exercised control over a bank customer's account and used the customer's personal information to create an account under a fictitious name. The findings stated that Ketcham created positive balances in each account by reversing overdraft fees that had never been assessed and, without the affiliate's knowledge or consent, withdrew $7,141 from the accounts, thereby converting the funds for his personal use or to benefit someone other than the affiliate. The findings also stated that Ketcham failed to respond to NASD requests for information.

September 2007

Key, Bryon Scott

Mt. Pleasant, South Carolina

Barred

Key consented to the described sanctions and to the entry of findings that he willfully failed to disclose material information on his Form U4. The findings stated that Key also failed to disclose his interest in a securities account to his member firm and to the firm carrying the account. The findings also stated that Key failed to respond to NASD requests for information and documents.

August 2006

Kim, Daniel Soohwan

Santa Ana, California

Barred

He converted $150,000 from public customers' variable life insurance policy accounts for his own personal use.

March 2006

Kim, Derek Joonbeom

Diamond Bar, CA

Barred

Pursuant to NASD Rule 9552(h)

January 2009

Kim, Jung Han aka Jay Kim

Vancouver, WA

Barred

Kim was barred from association with any FINRA member in any capacity. The sanction was based on findings that Kim failed to respond to FINRA requests for information. The findings stated that Kim borrowed money from a customer without his member firm's knowledge or permission even though he had signed a firm compliance agreement in which he specifically agreed not to borrow money or securities from a client. The findings stated that Kim failed to disclose that he had an outside brokerage account to his member firm, made false representations to the other firm and failed to disclose his employment with a member firm. (FINRA Case #2007011178001)

October 2009

Kim, Ki-Moon

Salt Lake City

Barred

He withdrew or transferred $26,988 from the bank accounts of public customers without their authorization. The findings also stated that Kim changed the mailing address on a public customer's account form to his branch office address without the consent or knowledge of the customer.

March 2005

Kimaru, Francis

Lynn, MA

Barred

Kimaru was barred from association with any FINRA member in any capacity. The sanction was based on findings that Kimaru failed to respond to FINRA requests for information. (FINRA Case #2008012932101)

October 2009

Kimble, Sean Paul

Indianapolis, IN

Barred

Kimble engaged in a check-kiting scheme in which he had an effective debit balance of at least $1,752.90 in the account from which he wrote checks. The findings stated that Kimble failed to respond to FINRA requests for information.

October 2008

Kimmel, Marc Steven

Los Angeles, California

Barred

By the use of means or instrumentalities of interstate commerce or of the mails, intentionally and recklessly affected transactions, and induced the purchase and the sale of securities by means of deceptive, manipulative and other fraudulent devices or contrivances.

November 2005

Kimura, Ryan Muneo

Honolulu, HI

Barred

Kimura misappropriated $1.29 million from relatives' accounts that he managed. The findings stated that Kimura intercepted checkbooks linked to the accounts, forged checks to himself and his creditors, and concealed his activity by fabricating account statements and diverting the actual statements to a mailbox he maintained. The findings also stated that Kimura failed to respond to FINRA requests for information. (FINRA Case #2007010889401)

August 2009

King, Jeffrey

Sellersberg, Indiana

Barred

Pursuant to NASD Rule 9552 for Failure to Provide Information Requested under NASD Rule 8210

April 2005

King, Larry (Jr.)

Detroit, Michigan

Barred

He misused a public customer's bank account funds in that he induced the customer to sign, unknowingly, withdrawal slips and a certified check request form, and made $75,409.59 in withdrawals from customer's account and used the funds for a purpose other than the benefit of the customer for a period of time before returning the funds to the customer. The findings also stated that King failed to respond to NASD requests for documents and information.

April 2005

Kirby, Weston Raymond

Dallas, Texas

Barred

Kirby credited his personal brokerage account $7,000 and withdrew the funds from his account for his personal use and benefit, all of which was done without any deposit of funds to support such credits and without the authorization or consent of his member firm. The findings also stated that Kirby effected transactions in a public customer's account without the authorization or consent of the customer.

July 2005

Kirincic, Anthony

Syosset, NY

Barred

FINRA announced that its National Adjudicatory Council (NAC) has barred Kirincic for engaging in a manipulative trading scheme to artificially inflate the price of Kirlin Holding stock, which was then trading on the Nasdaq NationalMarket (KILN, now ZNHL.PK in the Pink Sheets). Kirincic appealed the decision to the SEC. The sanctions against the firm and individuals remain in effect pending an SEC ruling.

July 2009

Kirsch, Steven Charles

Boca Raton, Florida

Barred

Kirsch provided false testimony about his activities at an NASD on-the-record interview. NASD found that he performed supervisory duties while subject to a 30-day suspension and failed to reasonably supervise his research department prior to his 30-day suspension to ensure that a research report issued by his member firm was accurate.

July 2005

Klein, Adam

Hallandale, FL

Barred

Barred for failing to appear and testify in connection with NASD's investigation.

February 2005

Klein, Brian Craig

Farmingdale, New York

Barred

The NAC imposed the sanctions following appeal of a hearing panel decision. The sanctions were based on findings that Klein engaged in fraud by recklessly failing to disclose to public customers potential sales incentives for selling a particular recommended stock. The sanctions were also based on the hearing panel's findings that Klein made fraudulent price predictions for the stock in order to induce customers to purchase it.

April 2007

Kleven, Jayne Ann

Mequon, Wisconsin

Barred

She failed to respond to NASD requests for information.

May 2006

Kline, Christopher Thomas

York, PA

Barred

Kline was barred from association with any FINRA member in any capacity. The sanction was based on findings that Kline failed to appear for a FINRA on-the-record interview. (FINRA Case #2008012775301)

October 2009

Klukewycz, John

Hallandale, FL

Barred

Former Argus branch manager, barred for failing to appear and testify in connection with NASD's investigation.

February 2005

Kman, Michael John (Jr.)

Enola, Pennsylvania

Barred

He received checks totaling $131,600 from a public customer intended to be used for the customers' benefit. The findings stated that Kman deposited the checks into a bank account he owned and used a substantial portion of the funds for his own benefit without the customers' knowledge or authorization. The findings also stated that Kman failed to respond to NASD requests for information and failed to appear to provide testimony.

February, 2007

Kmiec, Todd William

Chicago, Illinois

Barred

He recommended and effected unsuitable transactions in the accounts of public customers without reasonable grounds for believing that his recommendations and the transactions were suitable for the customers given their financial situations, investment objectives, and needs.

February 2005

Knapp, Michael Joseph

Grand Rapids, MN

Barred

Knapp engaged in private securities transactions without prior written notice to, or prior written approval from, his member firm. The findings stated that Knapp failed to respond to a FINRA request for an on-the-record interview.

November 2007

Knutsen, Jeffrey Michael

Bellingham, Washington

Barred

He caused funds to be withdrawn from the brokerage account of a public customer in the form of automated clearing house payments totaling $89,973.16 without the customer’s knowledge, consent or authorization. The findings also stated that Knutsen caused the payments to be made from the customer’s account to Knutsen’s credit card accounts, thereby converting $89,973.16 of customer funds to his own use and benefit.

September 2005

Kocher, Michaelene

Kingston, PA

Barred

Kocher failed to respond to FINRA requests for information and to appear for an on-the record interview.

October 2007

Koets, Larry D.

Springfield, Oregon

Barred

Koets signed a public customer's name to Account Service Request forms and used the forged documents to withdraw approximately $37,700 from the customer's accounts without her knowledge or authorization.

April 2007

Koma, Kelvin

Lincolnwood, IL

Complaint Filed

Koma was named as a respondent in a FINRA complaint alleging that he wrongfully obtained ATM cards from a retail bank's customers and used them to make unauthorized withdrawals totaling $2,625 from the customers' accounts and used them is appropriated money for his personal use. The complaint alleges that Koma failed to respond to FINRA requests for information and to appear for an on-the-record interview. (FINRA Case #2008015985501)

September 2009

Koon, Thomas Spaeth

St. Louis, MO

Barred

Pursuant to NASD Rule 9552(h)

September 2007

Korahais, Fred

Glen Cove, New York

Barred

Barred Pursuant to NASD Rule 9552(h).

June 2006

Korahais, Peter

Glen Cove, New York

Barred

Barred Pursuant to NASD Rule 9552(h).

June 2006

Korejsza, Adam John

Farmington Hills, Michigan

Barred

Pursuant to NASD Rule 9552(h)

May 2006

Korn, Jason Michael

Gainesville, Virginia

Barred

Korn forged public customers' signatures on insurance applications and related documents. The findings stated that Korn made unauthorized purchases of mutual funds in customer accounts.

May 2007

Kornfeld, Barry Michael

Parkland, FL

Barred

Kornfeld failed to appear to give sworn testimony in connection with a FINRA investigation.

February 2009

Korotzer, Andrew Sean

Moorpark, California

Barred

He submitted applications to his member firm for fictitious transactions in insurance products for which he received commissions without the customers’ knowledge, consent or authorization.

November 2005

Kost, Jr., William Hull

Arlington, VA

Barred

Kost failed to respond to a FINRA request for information.

September 2008

Kouznetsov, Vasily

Hallandale, FL

Barred

Barred for failing to appear and testify in connection with NASD's investigation.

February 2005

Kowalske, Steven Duncan

Livonia, MI

Barred

Kowalske 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, Kowalske consented to the described sanction and to the entry of findings that he failed to respond to FINRA requests for specific information and documents and to appear for an on-the-record interview. (FINRA Case 2008013337001)

October 2009

Kreis, Robert Elwood

San Marcos, CA

Barred

Elwood failed to respond fully to FINRA requests for information and documents.

March 2009

Kreitman, Alan

West PalmBeach, FL

Barred

Pursuant to NASD Rule 9552(h)

October 2007

Kresge, Richard Francis

Bay Shore, NY

Barred

The NAC imposed the sanction in response to an SEC decision remanding the case for re-determination of sanctions. Kresge failed to establish or maintain a system of supervision reasonably designed to achieve compliance with applicable securities laws, and failed to register an individual, either as a principal or a representative, who was actively engaged in the management of the firm's securities business as either a principal or representative of his member firm; and failed to report customer complaints to FINRA.

January 2009

Krygowski, Kenneth

West Chester, Pennsylvania

Barred

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

November 2005

Krysko, John William

Pleasantville, New York

Barred

Krysko consented to the described sanction and to the entry of findings that he failed to respond to an NASD request for information.

August 2006

Ku, Ambrose Kinho

San Francisco, California

Barred

He transferred funds and securities from a public customer's account without the customer's knowledge or consent.

May 2005

Kuba, Thomas J.

Port St. Lucie, FL

Barred

Kuba forged public customers' signatures on insurance forms and other documents without their permission to accomplish the partial conversion of their term life insurance policies to whole life policies.

December 2008

Kuether, William Michael

Clear Lake, Wisconsin

Barred

Kuether willfully failed to disclose a material fact on his Form U4. The findings stated that Kuether failed to respond truthfully to an NASD request for information and failed to respond to subsequent requests for information.

November 2006

Kuklenski, Derk Jon

Orlando, FL

Barred

Kuklenski misappropriated $200 in customer funds from his member firm by removing the funds from a cash drawer after regular business hours.

May 2009

Kuklinski, Paul S.

Kuklinski, Paul S.

Barred

Kuklinski executed purchases or sales of securities issued by companies he followed 30 calendar days before, and five calendar days after, the publication of a research report he authored concerning the relevant company. The findings stated that Kuklinski executed securities transactions in a manner inconsistent with his recommendations in the most recent published research report concerning the relevant company. The findings also stated that Kuklinski opened a personal securities account at a member firm although he was associated with another member firm, and failed to notify either firm in writing of his association or relationship with the other.

June 2008

Kuley, Kenneth A.

Cincinnati, OH

Barred

Pursuant to NASD Rule 9552(h)

December 2007

Kumar, Anil Parbhubhai

Oakland, California

Barred

He received $30,000 in gifts and gratuities for his efforts in facilitating the conversion of funds held by his member firm in its related suspense accounts to be improperly diverted to outside parties.

January 2006

Kunst, Kristina Lynn

Unknown

Consent to censure and permanent bar.

Misappropriated customer funds.

January 26, 2005

Kunz, Kevin Dee

Fruit Heights, UT

Barred

Refer to Barring of Brian Young Horne. Kunz, knowingly and willfully, caused Investment Management Corporation to participate as primary placement or sales agent in public offerings, even though the firm was suspended from participation in securities offerings as primary placement or sales agent until it complied with the independent consultant requirement imposed in a previous NASD (nka FINRA) decision.

March 2008

Kutsche, John Keith

Woodstock, GA

Barred

Kutsche engaged in outside business activities without prompt written notice to his member firm; and failed to respond to FINRA requests for information and to appear for an on-the-record interview.

January 2009




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