|
|
|
|
A
|
B
|
C
|
D
|
E
|
F
|
G
|
H
|
I
|
J
|
K
|
L
|
M
|
N
|
O
|
P
|
Q
|
R
|
S
|
T
|
U
|
V
|
W
|
X
|
Y
|
Z
|
Name
|
Residence
|
What
|
Why
|
Date
|
|
Nadel, Elliott
|
Bayside, New York
|
Barred
|
Nadel transferred approximately $80,000 from a public customer's account to a second account without the customer's knowledge, authorization or consent. The findings stated that $46,760.08 was transferred from the second account to a third account Nadel managed and controlled, and a $59,000 check payable to Nadel was drawn from this account. The findings also stated that Nadel failed to respond to NASD requests for information. Nadel ordered to pay a public customer $46,760.08, plus interest, in restitution.
|
May 2006
|
|
Nagel, Marcus Kalman
|
New York, New York
|
Barred
|
Nagel improperly used customer funds when he commingled customer funds, intended for the customer's securities account, with his own funds.
|
March 2005
|
|
Naif, Robert Patrick
|
Riverside, California
|
2-Year Suspension
|
He willfully failed to disclose material information on his Form U4.
|
February 2006
|
|
Nakaoka, Clyde
|
Ontario, California
|
1-Year Suspension
|
He willfully failed to amend his Form U4 to disclose a material fact.
|
March 2006
|
|
Nallie,
Lawrence
|
New
Albany, Ohio
|
Barred
|
He misused public customers' funds. The findings stated that he engaged in outside business activities and failed to provide his firm with prompt written notification of his activities.
|
February 2006
|
|
Naron, Charles William
|
Lake Worth, Florida
|
Barred
|
He engaged in outside business activities for compensation without providing his member firm with prompt written notice.
|
February 2006
|
|
Nauman, Thomas Garth
|
Kamuela, Hawaii
|
Complaint Filed
|
He was named as a respondent in an NASD complaint alleging that he effected, or caused to be effected, excessive securities transactions in public customers' accounts without having a reasonable basis for believing that these recommendations were suitable in light of the customers' investment objectives, financial situations and needs. The complaint alleges that Nauman, directly or indirectly, by the use of the means or instrumentalities of interstate commerce or of the mails, knowingly or recklessly used or employed, in connection with securities transactions, manipulative or deceptive devices or contrivances, and knowingly or recklessly effected transactions in, or induced the purchase or sale of, securities by means of manipulative, deceptive or other fraudulent devices or contrivances. The complaint also alleges that Nauman executed unauthorized securities transactions in public customers' accounts.
|
May 2006
|
|
Naventi, Mary Ann
|
New Milford, Connecticut
|
Barred
|
Naventi falsely notarized the signatures of persons on deeds and a mortgage document without having actually witnessed the signatures.
|
November 2006
|
|
Nay, II, Daniel William
|
Galion, OH
|
Barred
|
Nay 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
|
|
Neal, San Sana
|
Beaverton, Oregon
|
Barred
|
Neal willfully failed to disclose material information on his Form U4.
|
June 2006
|
|
Nemanich, Henry Paul
|
Boca Raton, FL
|
Barred
|
Nemanich misused public customer funds, in that he wired $2,665,000 from the bank account for a limited liability limited partnership he controlled to his personal checking account, and used the proceeds contrary to the representations made to the customers in a private placement memorandum.
|
January 2008
|
|
Nemetz,
Kenneth James
|
The
Woodlands, Texas
|
Complaint
Filed
|
He was named as a respondent in an NASD
complaint alleging that he received a $23,000 check payable to him from
public customers for investment purposes, but Nemetz endorsed the customers’
check and deposited it into a bank account that he controlled without the
customers’ knowledge, authorization or consent.
|
September
2005
|
|
Nepakharev,
Rudolf
|
Brooklyn,
New York
|
Barred
|
He made material misrepresentations about a
company’s securities and failed to disclose material, adverse facts that he
was or should have been aware of, including the company’s financial
condition. The findings stated that he made statements about the company and
its business, including stock price projections and guarantees, for which he
had no basis.
|
October
2005
|
|
Newell, Nora Lynn
|
Chattanooga, Tennessee
|
Barred
|
Newell consented to the described sanction and to the entry of findings that she borrowed funds totaling $45,000 from public customers and to fund these loans, she recommended and executed the liquidation of various mutual fund holdings in the customers' accounts. The findings stated that Newell falsely represented to the customers that the funds would be used for real estate investments and she would pay the loans with interest. The findings also stated that Newell never made any principal or interest payments on the loans. The findings also included that Newell did not have reasonable grounds for believing that the recommendation to liquidate and the resultant mutual fund sale transactions were suitable for the customers based on their financial situations, investment objectives or needs. In addition, NASD determined that Newell failed to respond to NASD requests for information.
|
August 2006
|
|
Newman,
Mason David
|
Los
Angeles, California
|
1-Year
Suspension
|
he directly or indirectly, in connection
with the offer or sale of securities, by the use of means or
instrumentalities of interstate commerce or the mails, employed devices,
schemes, or artifices to defraud; made untrue statements of material fact or
omitted to state material facts necessary in order to make the statements
made, in light of the circumstances under which they were made, not
misleading; or engaged in acts, practices or business courses of which
operated or would operate as a fraud or deceit upon purchasers or prospective
purchasers.
|
January
2006
|
|
Newman, Todd Michael
|
Royal Palm Beach, Florida
|
Barred
|
Pursuant to NASD Rule 9552(h)
|
August, 2006
|
|
Nociforo,
Philip John
|
Sound
Beach, New York
|
Barred
|
In an attempt to deceive his member firm and
evade state law, he falsified public customers’ variable life insurance
applications to indicate that they did not have other life insurance
coverage, and completed the Definition of Replacement form to reflect that
the new policies were not replacing existing life insurance coverage. NASD
found that he received checks totaling $16,050.46 from public customers to
fund their variable life insurance policies, but deposited these checks into
his personal bank account, made initial premium payments totaling $6,020.75
and never forwarded the remaining funds to his member firm as the customers
intended, nor did he return the money to the customers, thereby converting
the remaining $10,029.71 for his own personal use and benefit without the
customers’ authorization, knowledge or consent.
|
January
2006
|
|
Nockold, Thomas Martin
|
Cypress, California
|
Barred
|
He engaged in a scheme to misappropriate funds of his employer totaling $5,870. The findings also stated that Nockold falsified documents to conceal his actions.
|
May 2005
|
|
Nolfo, Louis Michael
|
Boca Raton, FL
|
Complaint Filed
|
Nolfo was named as a respondent in a FINRA complaint alleging that in connection with the purchase or sale of securities, he exercised control over public customers' accounts, churned the accounts and effected numerous and excessive securities transactions in the accounts. The complaint alleges that Nolfo, directly or indirectly, in connection with the purchase or sale of securities, by the use of means or instrumentalities of interstate commerce, or of the mails, employed devices, schemes or artifices to defraud; made untrue statements of material fact or omitted to state material facts necessary to make the statements made, in light of the circumstances under which they were made, notmisleading; or engaged in acts, practices or courses of business that operated, or would operate, as a fraud or deceit upon any person; or effected transactions in, or inducedthe purchase or sale of, any security by means of any manipulative, deceptive or other fraudulent device or contrivance. The complaint also alleges that Nolfo used unsuitable margin levels in a customer's account in a manner that was reckless and inconsistent with the customer's objectives, financial situation and needs. The complaint further alleges that Nolfo failed to adequately and properly supervise the trading activity of a registered representative who engaged in excessive and unsuitable transactions.
|
March 2008
|
|
Nordquist, Paula Ludwig
|
Largo, FL
|
Barred
|
Nordquist effected unauthorized withdrawals totaling $3,500 from a public customer's bank account and used the funds for her own use and benefit.
|
April 2008
|
|
Norris,
Shannon Lee
|
Coconut
Creek, Florida
|
Barred
|
The sanctions were based on the findings that
the respondent, by the use of means or instrumentalities of interstate
commerce or of the mails, intentionally and recklessly effected transactions
in, and induced the purchase and the sale of stocks by means of deceptive,
manipulative and other fraudulent devices or contrivances.
|
December
2005
|
|
Nugent, Patrick Orvil
|
Sunnyvale, California
|
Barred
|
Nugent participated in private securities transactions for compensation without providing prior written notice to, and receiving written approval from, his member firm.
|
May 2006
|
|
Nuzzi, Erasmo F. (Jr.)
|
Unknown
|
Censure and permanent bar.
|
Violated Exchange Rule 477 by failing to comply with request for testimony.
|
January 26, 2005
|
|
About Us
|
News
|
Alerts
|
Articles
|
Caveat Emptor
|
SNSFE News
|
Contact
|
Search
Register
|
Free Opinion
Sponsored by James J. Eccleston, an attorney representing stockbrokers, financial planners and
investors nationwide in arbitration, litigation and regulatory matters, and a shareholder with the law firm
Shaheen, Novoselsky, Staat, Filipowski & Eccleston
P.C.(www.snsfe-law.com). This Web site contains material
of general interest. It is neither intended to, nor constitutes, either legal advice or investment advice.
Always consult an attorney and/or investment advisor when building and protecting your wealth.
All content Copyright © 2008 Advocate Capital Management, Inc. except where noted. All rights reserved.
20 North Wacker Drive, Suite 2900, Chicago, Illinois 60606
Telephone: 312-621-4400 | Fax: 312-621-0268
|
|
|
|
|
|
