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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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O'Brasky, Jeffrey Marc
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Scottsdale, Arizona
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Suspended for Two Years
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O'Brasky consented to the described sanctions and to the entry of findings that he entered orders for, and caused the execution of, call options transactions in a public customer's account that he was not authorized to trade pursuant to his member firm's procedures and without approval from the trustees of the transactions prior to execution. The findings stated that O'Brasky provided to a principal of the firm an Options New Account Form for approval of options trading in a customer's account without disclosing that the signatures were not genuine, causing one of his member firm's required records to be falsified.
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August 2006
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O'Brien, Kelly Irene
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Ardmore, Pennsylvania
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Barred
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O'Brien submitted expense reports to her member firm in which she had forged her supervisor's name.
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May 2007
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O’Connor,
Rachael Janine
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Jackson,
Michigan
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Barred
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O’Connor failed to respond to NASD requests
for documents and information.
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December
2005
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O'Leary, Richard Francis
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Newport Beach, California
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Barred
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O'Leary failed to respond completely to NASD requests for information and failed to appear for an on-the-record interview.
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April 2005
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O'Neill, Michael Francis
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Asbury Park, New Jersey
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Barred
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O'Neill conducted his securities business jointly with an unregistered person who had been barred from associating with a member firm in any capacity for serious misconduct, and O'Neill knowingly violated NASD's registration requirements by compensating the individual for soliciting customers.
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December 2006
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Oatway, Stephen Douglas
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Le Sueur, Minnesota
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Barred
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He converted $65,000 of securities funds of public customers to his own use and benefit without the customers' authorization, knowledge, or consent.
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July 2005
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Oh, Jae Young
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Los Angeles, California
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Barred
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Oh, in response to a public customer's request for a current account statement, altered an old account statement misrepresenting that it was the current account statement. The findings stated that Oh failed to respond to NASD requests for information.
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December 2006
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Okoebor, Anssy Akhabue
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Ladera Ranch, California
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Barred
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Pursuant to NASD Rule 9552(h)
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April 2006
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Ohle, Corey C.
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River Ridge, Louisiana
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Barred
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Ohle withdrew $2,000 from a public customer's savings account without the customer's knowledge or authorization and converted the funds to his own use and benefit. The findings stated that Ohle failed to respond to NASD requests for information.
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November 2006
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Ohlson, David A.
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Plainfield, Illinois
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Barred
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Ohlson consented to the described sanction and to the entry of findings that he failed to disclose a material fact on his Form U4.
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March, 2007
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Oliphant, Bryan Darrell
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Middlebury, Indiana
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Barred
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Oliphant participated in private securities transactions without prior written notice to, or prior written approval from, his member firm. The findings stated that Oliphant failed to respond to NASD requests for information.
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July 2007
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Olsen, Alfred Sinclair (IV)
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Spokane, Washington
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1-Year Suspension
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As the supervisor for the registered representatives of his member firm, he was unable to monitor reasonably their sales activities. The findings also stated that although Olsen knew, or should have known, that he would be unable to supervise reasonably such a large number of geographically disbursed registered representatives, he continued to act as supervisor while fraudulent and deceptive sales practices, material misrepresentations, and unsuitable recommendations persisted at his firm. NASD also found that the supervisory action taken by Olsen in the face of red flags indicating improper sales practices was inadequate in that he reviewed and approved subscription agreements that indicated the proprietary products were not suitable for the investing customers.
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July 2005
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Onizuka,
Ian Sean
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Kailua,
Hawaii
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Barred
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He converted $52,295 he received from public
customers for investment purposes for his own use and benefit.
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December
2005
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Oppenheimer,
John Gregory
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Raleigh,
North Carolina
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Barred
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Oppenheimer effected transactions in the
account of a public customer without the customer’s authorization. The
findings stated that he forged the customer’s signature on documents,
including annuity purchase applications, and failed to respond to NASD
requests to provide testimony.
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October
2005
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Orlando,
Anthony John (Jr.)
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New
York, New York
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Barred
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He engaged in a fraudulent scheme to profit
from the sale of $3.5 million in securities of a company to public customers
though manipulation and the use of high-pressure sales practices, baseless
price projections, unauthorized trades and misrepresentations, and omissions
of material facts.
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November
2005
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Orlando,
Philip Anthony
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New
York, New York
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Barred
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He engaged in a fraudulent scheme to profit
from the sale of $3.5 million in securities of a company to public customers
though manipulation and the use of high-pressure sales practices, baseless
price projections, unauthorized trades and misrepresentations, and omissions
of material facts.
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November
2005
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Orozco, Joseph Peter
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Burbank, California
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Complaint Filed
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Named as a respondent in an NASD complaint alleging that he received $471,280.09 from a public customer to purchase variable annuities, forwarded the check to his member firm, which was unable to process the check because it was made payable to the firm's former clearing firm, and returned the check to Orozco. The complaint also alleges that Orozco failed to tell the customer that his firm had returned the check, that he never purchased the variable annuities on the customer's behalf, and that he maintained possession of the check, falsely representing to the customer that it had been deposited and the annuities purchased. In addition, the complaint alleges that Orozco reported to his member firm that he had not received any customer correspondence even though he had received letters from his customer inquiring about the status of the accounts. Furthermore, the complaint alleges that Orozco provided false statements to the public customer and his member firm regarding the status of the variable annuities he allegedly purchased, and to his member firm regarding the receipt of customer correspondence. Moreover, the complaint alleges that Orozco failed to complete an NASD on-the-record interview.
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January 2005
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Ortiz, Arsenio R.
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Valley, New York
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Permanent bar
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Ortiz misappropriated customer funds by failing to promptly open a New York State 529 College Savings Plan Account as requested by the customer who gave Ortiz $3,000 to open the account. Ortiz used the customer funds to pay his personal mortgage, and made one or more material misstatements to Division of Enforcement.
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December 2006
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Ortiz, Geoffrey
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Malibu, CA
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Barred
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Ortiz forged or caused to be forged two customers' initials that approved increased fees on public customer account applications, and was responsible for submitting the forged documents to his member firm. This decision has been appealed to the SEC. The bar is in effect pending consideration of the appeal.
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January 2008
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Ortiz-Stronza, Thomas
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Caguas, Puerto Rico
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Barred
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He changed the address on a customer account, provided false and misleading account statement to a customer, and forged customer signatures. NASD also found that Ortiz-Stronza misappropriated funds from customers in the amount of $32,588.20.
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May 2005
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Oruche, Nike Harriet
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Bensenville, Illinois
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Barred
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The sanction was based on findings that Oruche affixed public customers' signatures on withdrawal forms without their knowledge and consents, withdrew a total of $30,500 from their bank accounts, and used the funds for some purpose other than the customers' benefit.
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May 2006
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Oscar Armando Montenegro
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Brooklyn, New York
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Barred
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Montenegro received $19,975 from public customers for investment and converted the funds to his own use and benefit. The findings also stated that Montenegro provided false testimony during an NASD on-the-record interview. NASD also found that Montenegro created a Web site for his own direct-access trading firm and plagiarized copyrighted material from the Web site of his previous member firm. In addition, NASD found that Montenegro failed to obtain approval for the Web site from a registered principal with the member firm with which he was registered.
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February 2005
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Osorio, Gloria Rene
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Joliet, Illinois
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Barred
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She failed to respond to NASD requests for documents and information.
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June 2005
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Ostoich, Christopher Mark
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Ft. Wright, Kentucky
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Barred
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Pursuant to NASD Rule 9552(h)
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June 2007
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Otte, Mark A.
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Williamston, Michigan
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One Year Bar
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Otte consented without admitting or denying guilt to findings of sales practice violations and causing books and records violations.
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June 2007
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Oz, Kent David
|
New York, New York
|
18-Month Suspension
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He violated the firm's anti-money laundering procedures and his member firm's written supervisory procedures in that he effected transactions that had no business or apparent lawful purpose, and failed to obtain approval from designated senior management personnel prior to effecting transactions that were executed at off-market prices. The findings stated that Oz failed to contact a broker-dealer's senior managers to ascertain reasons for off-market transactions and to exchange correspondence documenting such reasons. The findings also stated that Oz failed to ensure that confirmations sent to his customers stated that the transactions were effected at a non-standard settlement price at the customer's request. In addition, the findings stated that Oz failed to have new products or product structures validated and approved prior to trading, and to confine their trading to firm-approved products.
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April 2006
|
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Ozimkowski, Edward George
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Deerfield Beach, Florida
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Barred
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Pursuant to NASD Rule 9552 (d)
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September 2005
|
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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
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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.
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