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DISCLAIMER
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Name
|
Residence
|
What
|
Why
|
Date
|
|
Tabet-Goke, Heidi
|
Albuquerque, NM
|
Barred
|
Tabet-Goke misused $3,102 in insurance premiums that she received from public customers; that the funds were to be applied to payment of insurance premiums, and Tabet-Goke neither transmitted the funds to the insurance carrier nor returned them to the customers; and Tabet-Goke failed to respond to FINRA's requests for information.
|
January 2009
|
|
Takacs, Scott Frederick
|
Artesia, New Mexico
|
Barred
|
Takacs prepared and submitted requests for reimbursements of business travel expenses that he had not incurred to his member firm, and accepted the funds knowing that he had not incurred them. The findings stated that Takacs failed to respond to NASD requests for information and to provide testimony.
|
April 2006
|
|
Talbot, Ike Joseph
|
Lake Jackson, TX
|
Barred
|
Talbot borrowed $87,500 from public customers in violation of his member firm's written supervisory procedures that prohibited borrowing from customers under any circumstances.
|
May 2008
|
|
Talbot, Samuel Lackland
|
Jacksonville, Florida
|
Barred
|
Pursuant to NASD Rule 9552(h)
|
April 2006
|
|
Tamburrino,
John Richard
|
Manalapan,
New Jersey
|
Barred
|
He failed to appear for an NASD
on-the-record interview.
|
November
2005
|
|
Tanner, Elise Clydean
|
Seattle, Washington
|
Barred
|
She misused the funds of a public customer totaling $15,000 without the knowledge, consent, or authorization of the customer. The findings also stated that she failed to respond to NASD requests for information.
|
January 2005
|
|
Tansil, Plase Michael
|
Murfreesboro, Tennessee
|
Barred
|
Tansil made an improper guarantee to public customers, misused customer funds to cover a shortfall regarding the guarantee, made material misrepresentations to customers that their funds would be used for investment purposes, and settled a customer complaint without his member firm'sknowledge or consent.
|
June 2007
|
|
Taylor, Mark Elliott
|
Purlear, NC
|
Barred
|
Taylor converted a public customer's term life insurance policy to whole life without her approval, forged her signature on a supplemental application and concealed his misconduct from the customer and his member firm by changing the address on the policy from the customer's address to his own post office box. The findings stated that Taylor wrote a check to cover the initial premium and as a result, did not profit from his
conduct but received production credit for renewing the policy. The findings also stated that Taylor failed to appear for FINRA on-the-record testimony.
|
August 2008
|
|
Taylor, Marylan Katherine
|
Aurora, Ohio
|
Barred
|
The NAC imposed the sanction following appeal of an OHO decision. The sanction was based on findings that Taylor submitted falsified documents to the insurance division of a state regulator that represented that her insurance licenses were in good standing when in fact they were inactive due to her failure to complete continuing education. The findings also stated that Taylor failed to timely amend her Form U4 to disclose material information and that she failed to respondtruthfully during an NASD on-the-record interview.
|
June 2007
|
|
Taskey, Todd Russell
|
Potomac, Maryland
|
Barred
|
Taskey consented to the described sanction and to the entry of findings that he willfully failed to disclose material facts on his Form U4.
|
June 2006
|
|
Taussi, Maria Teresa
|
Kew Gardens, New York
|
Barred
|
Taussi converted $80,000 from her member firm for her own use and benefit by cashing checks that were issued to "Cash" and falsely recording that these checks had been paid to vendors.
|
May 2007
|
|
Taylor, Stephen Wesley
|
Sneads Ferry, NC
|
Barred
|
Pursuant to NASD Rule 9552(h)
|
November 2008
|
|
Taylor,
Terry Shane
|
Bossior
City, Louisiana
|
Barred
|
He caused public customers’ accounts to be
charged fees for investment advisory services that they had not authorized
and did not receive, by forging, or causing to be forged, customers’
signatures on various documents to authorize the fees to be charged.
|
December
2005
|
|
Teasley, Charita N.
|
Detroit, MI
|
Barred
|
Pursuant to NASD Rule 9552(h)
|
July 2008
|
|
Teasley, Kevin Levant
|
Great Falls, Montana
|
Barred
|
Teasley misused customer funds totaling $250,000 by not investing the funds as intended.
|
July 2005
|
|
Tedeeva, Galina
|
Forest Hills, New York
|
Barred
|
She arranged for an imposter to take the Series 6 and Series 63 qualification exams on her behalf.
|
January 2005
|
|
Tejeda, Eduardo M.
|
Houston, Texas
|
Barred
|
Tejeda provided a company with letters on his member firm's letterhead that contained false and misleading representations confirming the company's credit line and funds availability, although he knew the company planned to use the letters in an attempt to secure a loan, the company had no credit line at the firm and had not established an account with the firm.
|
July 2007
|
|
Terra, Bryan Christopher
|
Monroe, Louisiana
|
Barred
|
Terra, in his capacity as a personal banker, came into possession of a $650 check deposit to a customer's bank account and converted the customer's funds by depositing the check into his personal bank account. The findings state that Terra failed to respond to NASD requests for information.
|
September, 2006
|
|
Terry, Don Edward
|
Stillwater, OK
|
Barred
|
Terry 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, Terry consented to the described sanction and to the entry of findings that he used his member firm's electronic accounting systems to record deposits, totaling $144,300, into his personal brokerage account, without actually physically depositing any funds into the account and utilized the fictitious balance to trade in securities for his own account. The findings stated that Terry would not have had sufficient funds with which to fund the securities transactions without the deposits. (FINRA Case #2008013365901)
|
October 2009
|
|
Tesoriero, Mark
|
Holmdel, New Jersey
|
Permanent bar at any NYSE member or member organization from functioning in any capacity relating to securities lending including as stock loan trader or "finder," or supervisor thereof
|
Violated NYSE Rule 476(a)(6) by participating in a below-market stock loan transaction that caused a lending institution and/or its customers to be deprived of substantial proceeds and significant rebate fees to which they were entitled.
|
February, 2007
|
|
Thannert, Michael Steven
|
Richfield, Minnesota
|
Barred
|
Thannert received $3,591.36 from public customers to pay for their insurance policies but failed to do so. The findings stated that Thannert failed to respond to NASD requests for information.
|
December 2006
|
|
Thayer, Richard Adam
|
St. Clair Shores, MI
|
Barred
|
Thayer withdrew $2,000 from a public customer's bank account for his own use and benefit. The findings stated that in an attempt to conceal his wrongdoing, Thayer transferred $2,000 from another customer's account to replace the funds taken from the first customer and then transferred $2,000 froma third customer's account to restore the funds taken from the second customer's account. The findings also stated that Thayer failed to respond to NASD requests for information.
|
September 2007
|
|
Thelen, Duane Keith
|
Comstock Park, Michigan
|
Barred
|
Thelen failed to respond to NASD requests for information. The findings stated that Thelen received funds from public customers to purchase insurance, but failed to pay the premiums, thereby misusing customer funds.
|
August 2006
|
|
Thomas, Aaron Michael
|
Pomona, CA
|
Barred
|
Pursuant to FINRA Rule 9552(h)
|
July 2009
|
|
Thomas, Angela Monique
|
Springfield, MA
|
Barred
|
Pursuant to FINRA Rule 9552(h)
|
November 2009
|
|
Thomas, James Richard
|
Las Vegas, NV
|
Barred
|
Thomas participated in private securities transactions and received compensation, but failed to provide prior written notification to, and receive prior written permission from, the
firm to participate in the private securities transactions. The findings stated that Thomas failed to disclose these private securities transactions when he completed the firm's annual compliance check list. The findings also stated that Thomas provided an incomplete response to a FINRA request for information, and failed to respond to subsequent requests for information and documents. (FINRA Case #2008014538301)
|
August 2009
|
|
Thomas, Jeffrey Steven
|
Monroe, Ohio
|
Barred
|
He withdrew $180,000 from the bank account of a trust account under the guise of using it to pay insurance premiums, diverted the check into two $90,000 cashiers checks, deposited one of the checks into his personal checking account without the approval and authority of the owner, and then converted $70,000 to his own personal use.
|
July 2005
|
|
Thomas, Malcolm
|
San Antonio, TX
|
Barred
|
Thomas submitted forged forms for the purpose of requesting compensation for work he had not done to his member firm. The findings stated that Thomas failed to respond to FINRA requests for information and to appear for an on-the-record interview.
|
February 2008
|
|
Thomas, Mark Kevin
|
Las Vegas, Nevada
|
Barred
|
He willfully misrepresented a material fact on his Form U4.
|
May 2005
|
|
Thomas, Reavous
|
North Las Vegas, NV
|
Barred
|
Thomas 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, Thomas consented to the described sanction and to the entry of findings that he forged a customer's signature on withdrawal slips and used them to withdraw $19,500 in cash from the customer's bank account. The findings stated that Thomas made the withdrawals without the customer's knowledge, authorization or consent, and used the cash for personal expenses. (FINRA Case #2009016952001)
|
October 2009
|
|
Thomas, Tony Lamont
|
Parkville, Maryland
|
Barred
|
He failed to respond to NASD requests for information. The findings also stated that Thomas forged the signature of a public customer on a variable life insurance application without the customer's knowledge or consent.
|
February 2005
|
|
Thomason, Gerald Lee
|
Chewelah, WA
|
Barred
|
While associated with his member firm, Thomason entered false information in the firm's records by providing incorrect answers on firm forms, thereby concealing his violations of its policies. The findings stated that Thomason violated the firm's
policies when customers, who were not related to him, purchased fixed annuity policies through him and made him their beneficiary without the firm's prior written permission. The findings also stated that Thomason received a customer's mail at his home or at an address he controlled contrary to his firm's written policies and without written authorization.
|
March 2009
|
|
Thomason, Traci Ann
|
Johnston, IA
|
Barred
|
Without admitting or denying the findings, Thomason and Brian John Fest consented to the described sanctions and to the entry of findings that they did not provide customers with complete written disclosure of material terms of transactions before they entered into them, including surrender charges paid, sales charges incurred on new investments and optional riders selected on annuities. The findings stated that Fest's and Thomason's member firm required that registered representatives obtain a customer's signature on transaction
documents after they were completed to evidence that the customer was aware of the disclosures in those documents. The findings also stated that Fest had clients sign blank transaction documents, which he had Thomason complete later with inaccurate information, including inaccurate sales charges and incorrect rationale for transactions, and submitted the documents to his firm without the clients' review. The findings also included that Fest provided inaccurate and misleading information to FINRA staff during on-the-record testimony and attempted to persuade Thomason to corroborate his inaccurate testimony. FINRA found that Fest's pattern of recommending short-term unit investment trust trading in his customer's accounts was unsuitable (FINRA Cases #2005002244303 / #2005002244302)
|
December 2009
|
|
Thompson, Sr., Dennis Ray
|
Jacksonville, FL
|
Barred
|
Without admitting or denying the findings, Thompson consented to the described sanctions and to the entry of findings that he offered and sold investments in an unregistered hedge fund and its general partner using representations and sales materials that contained materially misleading statements and omissions of fact. The findings stated that the information that was supplied by the hedge fund manager and used recklessly by Thompson to solicit investors contained materially false and misleading statements and omissions concerning, among other facts, a pending Commodity Futures Trading Commission (CFTC) securities fraud action against the hedge fund manager, the fund's theoretical and unproven performance figures, the speculative nature of the fund's trading strategy, and the significant risks associated with an investment in the hedge fund and its general partner. The findings also stated that he solicited investors without conducting a reasonable investigation to determine whether the hedge fund and its general partner were suitable investments and without regard as to whether certain investors were capable of evaluating and bearing the risks associated with such investments. The findings also included that Thompson failed to disclose to his member firm that he was engaged in private securities transactions for compensation. FINRA found that Thompson Sr. failed to disclose to his firm, in writing, that he received override commissions from the hedge fund and general partner for sales that other firm salesmen made.
|
February 2010
|
|
Thompson, Laverne Raymond (Jr.)
|
Paw Paw, Illinois
|
Barred
|
He accepted a $50,000 personal check from a public customer for investment in an account for the customer's daughter, failed to invest the funds as directed, and used the funds for other purposes and not for the benefit of the customer.
|
February 2005
|
|
Thompson, Wayne Daniel
|
Lilburn, GA
|
Barred
|
Thompson made unauthorized withdrawals from bank customers' accounts by executing general ledger tickets and withdrawal slips totaling $136,319.31, and converting the
funds to his personal use.
|
June 2009
|
|
Thome, Michael Alfred
|
Folsom, CA
|
Barred
|
Thome submitted a Letter of Acceptance,Waiver and Consent in which he was barred from association with any FINRA member in any capacity and ordered to pay $402,137.50,
plus interest, in restitution to a customer. Restitution amounts must be paid either immediately upon Thome's reassociation with a FINRA member firm, or prior to the filing of any application or request for relief from any statutory disqualification, whichever is earlier.Without admitting or denying the findings, Thome consented to the described sanctions and to the entry of findings that he received $435,000 from his former customer to invest in a real estate partnership and in a purported business partnership with Thome. The findings stated that Thome did not invest the funds but misappropriated the funds to pay personal expenses and make purported interest/return of principal payments of $32,862.50 to the customer. The findings also stated that Thome failed to provide requested information to FINRA. (FINRA Case #2007010830801)
|
October 2009
|
|
Tiedeken, Jr., Joseph P.
|
Holland, OH
|
Barred
|
Tiedeken failed to completely respond to FINRA requests forinformation and documents. The findings stated that Tiedeken borrowed $11,000 from a public customer contrary to his member firm's written policy that prohibited its registered representatives from borrowing money or securities from customers.
|
March 2008
|
|
Tintle, Donald Joseph
|
Middletown, Connecticut
|
Barred
|
Tintle received $27,000 from public customers to purchase stock, and deposited the funds in a bank account he controlled without purchasing the stock. The findings stated that Tintle falsely represented that he held various securities licenses and falsely assured a public customer that she owned the stock. The findings also stated that Tintle failed to respond to NASD requests for information and documents.
|
February, 2007
|
|
Tiongson, Maria-Ysabelle Marinas
|
Bayonne, NJ
|
Barred
|
Without admitting or denying the findings, Tiongson consented to the described sanction and to the entry of findings that she misappropriated $4,000 from an individual, who gave her the funds to trade in a commodities futures trading account that she held away from, and was approved by, her member firm which she had subsequently closed. The findings stated that Tiongson never used the individual's funds to trade commodities futures, but instead used the funds for her personal benefit without the individual's knowledge or consent. The findings also stated that Tiongson made full restitution to the customer. (FINRA Case #2009018202201)
|
May 2010
|
|
Tipton, Jeffrey Eugene
|
Fresno, CA
|
Barred
|
Tipton failed to appear for a FINRA on-the-record interview; engaged in an outside business activity, for compensation, without prompt written notice to his member firm; and, loaned $600 to a public customer in breach of his firm's procedures that prohibited borrowing and lending transactions with customers.
|
January 2009
|
|
Tirado, Daniel
|
Dearborn Heights, Michigan
|
Barred
|
The sanction was based on findings that Tirado willfully failed to disclose material information on his Form U4, and failed to respond to NASD requests for information.
|
July 2006
|
|
Tiwari, Teekachand Richard
|
West Harrison, New York
|
Barred
|
He participated in private securities transactions without providing written notification to or obtaining written approval from his member firm. The findings also stated that Tiwari engaged in outside business activities without providing prompt written notice to his member firm.
|
July 2005
|
|
Tizabi, Jacques
|
Los Angeles, California
|
Barred
|
Pursuant to NASD Rule 9552 (h)
|
October 2005
|
|
Tolbert, Erica Latishia
|
Atlanta, GA
|
Barred
|
Tolbert ordered checks for a public customers' account using her personal address as the delivery address and either negotiated checks or caused checks totaling $12,200 to be negotiated by a third party, thereby converting $12,200, without the customers' authorization, knowledge or consent. The findings stated that Tolbert failed to respond to FINRA requests for information.
|
August 2008
|
|
Toledo, Maximiliano Miguel (II)
|
Miami, Florida
|
Barred
|
Toledo falsified his member firm's records so that he could liquidate mutual fund shares in the accounts of public customers.
|
July 2005
|
|
Toney, Dana Dewitt
|
Las Vegas, NV
|
Barred
|
Toney failed to respond to FINRA requests for information. The findings stated that Toney engaged in outside business activities without providing his member firm with prior written notice.
|
April 2008
|
|
Torino, Peter Alfred
|
Staten Island, New York
|
Barred
|
He knowingly prepared and submitted a falsified life insurance application and a false death claim to his member firm.
|
January 2006
|
|
Torres, Edwin John
|
Moraga, California
|
Barred
|
He received $324,000 from a public customer for the purchase of municipal bonds and converted the proceeds to his own use and benefit. The findings also stated that Torres created and sent false invoices to a public customer, purportedly reflecting her investments in municipal bonds that Torres had purchased for her when, in fact, no such bonds had been purchased.
|
February 2005
|
|
Torres, Jorge Luis
|
Miami, Florida
|
Barred
|
He withdrew $47,000 from a public customer's account without the customer's knowledge or authorization, and converted the funds for his own use and benefit. The findings also stated that Torres failed to respond to NASD requests for information.
|
March, 2007
|
|
Toth, Victoria Ann
|
Chester, NY
|
Barred
|
Toth asked a bank teller to process an $8,500 check payable
to a mortgage company drawn on a bank customer's account without the customer's knowledge or consent, and forwarded the check to the company to pay Toth's mortgage. The findings stated that Toth admitted to the conversion when the bank questioned her, and also admitted to asking the teller to process another check for $6,500, although she claimed she had the check voided. The findings also stated that Toth failed to respond to FINRA requests for information and to appear for an on-the-record interview. (FINRA Case #2008012343001)
|
September 2009
|
|
Totoy, Richard
|
New York, NY
|
Complaint Filed
|
Totoy was named as a respondent in a FINRA complaint alleging that he converted $1,000 from a customer by using an ATM card that he created to withdraw $1,000 from the customer's account without her knowledge or consent. He later returned the funds to the bank.The complaint alleges that Totoy failed to respond to FINRA requests for information and to appear for a FINRA on-the-record interview. (FINRA Case #2008015139801)
|
February 2010
|
|
Totten, Jr., Douglas Eugene
|
Bradenton, Florida
|
Barred
|
He made recommendations to public customers to purchase variable annuities that were unsuitable.
|
July 2005
|
|
Towne, Allerton
|
Boca Raton, FL
|
Barred
|
Towne intentionally, and without authorization, converted
$4,181.81 from a customer account to the account of a corporation he owned with the same name, and used the funds for personal expenditures. The findings stated that
Towne engaged in outside business activities, for compensation, and failed to notify his member firm. The findings also stated that Towne failed to respond to FINRA requests for documents.
|
April 2009
|
|
Tran, Chung Dinh, aka Tony Troy
|
Alameda, CA
|
Barred
|
Tran willfully failed to disclose material information on his Form U4 and failed to respond to FINRA requests for documents and information.
|
November 2007
|
|
Tran, Tuyen Quang
|
Forth Worth, TX
|
Barred
|
Tran failed to respond to FINRA requests for testimony. The findings stated that Tran falsified documents by knowingly submitting documents with forged signatures and representing to his member firm that they were genuine.
|
November 2007
|
|
Traynor, Michael Owen
|
Bradenton, FL
|
Barred
|
Traynor received a $100,000 check from public customers to purchase life insurance policies, and, without the customers' authorization or consent, deposited the check into a
corporate bank account he controlled, and withdrew and transferred funds from the account for purposes other than the customers' intentions.
|
November 2008
|
|
Trevisan, Carl Martin
|
Alexandria, Virginia
|
Barred
|
Trevisan obtained contingent deferred sales charge (CDSC) waivers for customers selling Class B mutual fund shares by falsely claiming that the customers were disabled. This decision has been appealed to the NAC.
|
June 2007
|
|
Trigillo, Samuel John
|
Spled, Illinois
|
Barred
|
He transferred a customer's funds from a fixed annuity to a variable annuity without the customer's knowledge or consent. NASD also found that Trigillo affixed another registered representative's signature on customer forms without the registered representative's knowledge or consent
|
September 2005
|
|
Triglia, John Joseph
|
Smithtown, NY
|
Barred
|
Triglia assisted hedge fund companies in circumventing restrictions that mutual fund companies had imposed on their accounts by moving market timing transactions to other accounts so that the hedge funds made $2,045,263.23 in profits and Triglia made $400,901.97 in management fees on the hedge fund accounts. The findings stated that Triglia failed to respond truthfully to FINRA requests for information and failed to produce requested documents.
|
January 2008
|
|
Trimmer, Timothy Donald
|
North Myrtle Beach, South Carolina
|
Barred
|
Pursuant to NASD Rule 9552(h)
|
April 2007
|
|
Trimmings, John Christopher
|
Gansevoort, New York
|
Barred
|
He received $60,821.89 from a public customer for investment. The findings stated that without the customer's knowledge or consent, Trimmings misappropriated at least $56,000 of the funds for his own use and benefit.
|
February, 2007
|
|
Trivilino, Richard Joseph
|
Beaver Falls, Pennsylvania
|
Barred
|
Trivilino solicited $6,850.62 from a public customer for investment purposes, deposited the funds into his personal bank account and converted the funds to his own purposes.
|
November 2006
|
|
Trost, Darrel
|
Utah
|
Complaint Filed
|
NASD charged Trost with failing to supervise two Utah brokers charged with facilitating a hedge fund manager's deceptive practices to market time through variable annuities offered by three different life insurance companies.
|
April 2007
|
|
Trout, John Andrew
|
St. Claire Shores, MI
|
Barred
|
Pursuant to NASD Rule 9552(h)
|
April 2008
|
|
Tsuyuki, Hitomi
|
Coto de Caza, CA
|
Barred
|
Nearly all of his clients market timed mutual funds and his customers opened accounts for common beneficial owners and engaged in deceptive activities to avoid fund restrictions. The findings also stated that although he was aware that certain mutual funds discouraged or restricted frequentTsuyuki received $188,957.82 from public customers to bedeposited into a money market account, or to purchase municipal bonds but, instead, deposited the funds into his own accounts and concealed these acts of conversion byproviding false account statements to the customers. The findings stated that Tsuyuki failed to respond to FINRA requests for information and to appear for an on-the-recordinterview.
|
December 2007
|
|
Tu, Vinh Chi
|
Hercules, CA
|
Barred
|
Pursuant to NASD Rule 9552(h)
|
February 2008
|
|
Tucay, Aurora Javier
|
Chicago, IL
|
Barred
|
Tucay withdrew $8,000 from her cash drawer and the vault at her member firm's bank affiliate without permission, and used the funds for her own purposes. he findings stated that Tucay failed to respond to FINRA requests for information.
|
June 2008
|
|
Tucker, Bruce Arthur
|
Delray Beach, FL
|
Barred
|
Tucker made recommendations to public customers to open accounts with his member firm and invest in collateralized mortgage obligation (CMO) securities without having
reasonable grounds for believing that his recommendations were suitable based on the customers' financial situations and needs. The findings stated that Tucker made
misstatements of material fact and omitted material facts in connection with the CMO recommendations. The findings also stated that Tucker delegated the authority to another representative to utilize his discretion to select particular CMO investments for his customers, decide how much of the security his customers would buy and when, and decide how much margin borrowing would be utilized to purchase the CMOs, without obtaining written authorization from his clients and a firm principal to authorize Tucker or another representative to exercise discretion in any of the accounts.
|
November 2008
|
|
Tucker, Robert Laurence
|
Pompano Beach, FL
|
Barred
|
Pursuant to FINRA Rule 9552(h)Pursuant to FINRA
|
December 2009
|
|
Tucker, Thailia Alisa
|
Miami, FL
|
Barred
|
Tucker submitted a Letter of Acceptance, Waiver and Consent in which she was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Tucker consented to the described sanction and to the entry of findings that she misappropriated approximately $847,188.87 from customers' accounts at her member Firm and used the funds for her own use and benefit. The findings stated that to facilitate her improper use and misappropriation of customer funds, Tucker caused international customers' accounts to be removed from an abandoned status, caused the addresses for the accounts to be changed to addresses that she controlled, effected unauthorized sales of securities in the customers' accounts, forged Letters of Authorization (LOAs) and Wire Transfer Agreements (WTAs) to transfer funds out of the customers' accounts, and approved and processed the fraudulent LOAs and WTAs. The findings also stated that Tucker's conduct caused her firm to maintain inaccurate books and records. The findings also included that, to make cash available, Tucker sold securities in several accounts without the customers' knowledge or authorization, then transferred the proceeds to herself through relatives by wire or check. FINRA found that Tucker failed to respond to FINRA requests for information and failed to appear for an on-the-record interview. (FINRA Case #2007011330602)
|
January 2010
|
|
Turbeville, Antony Lee
|
Lakeland, FL
|
Complaint Filed
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Turbeville and Christopher Dean Kline were named as respondents in a FINRA complaint alleging that, in connection with the purchase or sale of collateralized mortgage obligations (CMOs), the firm, Turbeville and Kline effected transactions in, or induced the purchase or sale of, securities by means of manipulative, deceptive or other fraudulent device or contrivance. The complaint alleges that the firm, Turbeville and Kline made material misrepresentations and omitted to disclose material information at least negligently, and in so doing, violated their obligation to observe high standards of commercial honor and just and equitable principles of trade. The complaint also alleges that the firm, acting through Turbeville and Kline, recommended high-risk CMO investments to elderly and/or retired customers without a reasonable basis for believing that the investments were suitable based on the
customers' disclosed age, investment experience, investment objectives, financial situation and/or risk tolerance. The complaint further alleges that the firm and Turbeville made misrepresentations, omitted material facts and used misleading statements in letters sent to certain customers who invested in the CMOs. In addition, the complaint alleges that the firm, acting through a registered principal, failed to review all discretionary customer accounts at frequent interviews to detect and prevent transactions that were excessive in size or frequency in view of the financial resources and character of the accounts as required by the firm's written supervisory procedures. Moreover, the complaint alleges that the firm, acting through the principal, failed to adequately supervise customer CMO accounts and transactions and, acting through the principal and Tuirbeville, failed to enforce its procedures regarding safeguarding
customer information. (FINRA Case #2007011413501)
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February 2010
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Turner, Leon Andre
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Beaverton, OR
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Barred
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Pursuant to NASD Rule 9552(h)
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October 2007
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Turner, Michael Ross
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Michael Ross Turner
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Barred
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Pursuant to NASD Rule 9552(h)
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May 2006
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Turner, Shane Michael
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Boise, ID
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Barred
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Turner received $20,000 from a public customer to be placed in a real estate investment trust, but placed the funds in his personal firm account and used the funds to trade in various securities, thereby converting the funds to his own use. The findings stated that Turner failed to respond to FINRA requests for information. The findings also stated that Turner engaged in private securities transactions without prior notice to, and written approval or acknowledgement from, his member firm. The findings also included that Turner obtained $60,000 from public customers to purchase an investment contract and falsely represented that he had purchased an annuity on their behalf, and provided the customers with a purported "welcome letter" and statement from an insurance company. FINRA found that Turner opened an account with a member firm and failed to disclose the account in writing to the member firm at which he was employed, nor did he notify, in writing, the firm holding his account, of his association with a member firm.
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September 2008
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Turner, II, Malcolm Alphonso
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Canton, MI
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Barred
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Turner failed to respond to FINRA requests for information. The findings stated that Turner borrowed $75,000 from a public customer contrary to his member firm's written supervisory procedures prohibiting borrowing money from customers, and failed to disclose the loan on his firm's annual compliance questionniare.
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December 2008
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Tzamalas, Peter
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Norword, MA
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Barred
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Without his member firm's approval, Tzamalas borrowed $453,000 from public customers, contrary to his member firm's written procedures that prohibit representatives fromborrowing money from customers. The findings stated that Tzamalas failed to respond to NASD requests for documents and information.
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September 2007
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Tzanides,
Andrew
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Cresskill,
New Jersey
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Barred
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He effected transactions on behalf of public
customers and charged markups or markdowns that were excessive and unfair.
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October
2005
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