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DISCLAIMER
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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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Uberti, Vincent Michael
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Santa Ana, CA
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Barred
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The SEC imposed the sanction following appeal of the NAC's remand decision. The sanction was based on findings that Uberti issued research reports that fraudulently failed to disclose material information and contained misleading, exaggerated and false statements. The findings also stated that Uberti failed to disclose that his firm had received compensation for preparing and disseminating the research reports.
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March 2009
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Ugokwe, Nwaka Ogwuru
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Smyrna, GA
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Barred
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Pursuant to NASD Rule 9552(h)
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May 2008
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Uhr, Robert Alan
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Boca Raton, FL
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Complaint Filed
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Uhr was named as a respondent in a FINRA complaint alleging that he exercised control over a customer's IRA, made excessive and unsuitable trades in that account in a manner inconsistent with the customer's objectives, risk tolerance and financial situation, and acted with the intent to defraud or with reckless disregard for the customer's interests and for the purpose of generating commissions. The complaint alleges that in connection with the purchase or sale of securities, Uhr, directly or indirectly, by the use of the means or instrumentalities of interstate commerce, or of the mails, or of any facility of any national securities exchange, knowingly or recklessly employed devices, schemes or artifices to defraud; made untrue statements of material facts 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; engaged in acts, practices or courses of business that operated, or would operate, as a fraud, deceit upon any person; or effected transactions in, or induced the purchase or sale of, any security by means of manipulative, deceptive or other fraudulent device or contrivance. The complaint also alleges that Uhr's churning and unsuitable trading activity generated
$16,574 in commissions.
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May 2008
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Ulloa, Giovi Rogelio
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Fairview, NJ
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Barred
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Ulloa failed to appear for a FINRA on-the-record interview.
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August 2008
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Umhafer, Eugene Roy
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North Bellmore, NY
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Barred
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Umhafer accepted, endorsed and deposited into his own bank account checks totaling more than $2,500 received from a public customer made payable directly to him with the understanding that Umhafer would use the funds to pay the customer's interest payments on loans against his whole life insurance policies.
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November 2007
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Underwood, John Edward
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Jonesboro, GA
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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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Uppal, Abhishek
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San Diego, CA
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Barred
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Uppal engaged in insider trading earlier this year. He worked in the investment banking department of Piper Jaffray
& Co. from 2007 to July 2009. He was barred for buying shares of SoftBrands, Inc. while it was in discussions with potential acquirers. Piper Jaffray was acting as a confidential
advisor to SoftBrands in its dealings with possible buyers. FINRA also found that Uppal used an undisclosed securities account that he maintained at another broker-dealer to conceal his trading in SoftBrands from his employer. In settling this matter, Uppal neither admitted nor denied the charges, but consented to the entry of FINRA's findings.
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December 2009
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Urro, Carlos M.
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Bound Brook, New Jersey
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Barred
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He created fictitious reimbursement documents, forged the signature of a school official on the documents, and submitted the documents to his member firm in an improper attempt to obtain funds from the firm.
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February 2005
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Uselton, Mark
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Edmond, OK
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Barred
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A Financial Industry Regulatory Authority (FINRA) hearing panel has expelled Legacy Trading Co., LLC of Edmond, OK, and permanently barred the firm's CEO and owner, Mark Uselton, from the securities industry for a wide range of misconduct-including violations of short selling rules, failure to maintain required books and records, and for providing false information and refusing to provide testimony to FINRA. The hearing panel also fined Legacy and Uselton more than $1 million, finding that they made almost $900,000 in profits from the illegal short sales. Legacy and Uselton have appealed the ruling to FINRA's National Adjudicatory Council
(NAC). Sanctions against both respondents have been stayed pending a ruling from the NAC. FINRA's Department of Enforcement filed its initial complaint against Legacy and
Uselton in July 2007.
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October 2009
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Usitalo, Deborah Susan
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South Lyon, MI
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Barred
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Without admitting or denying the findings, Usitalo consented to the described sanction and to the entry of findings that she failed to respond to a FINRA request for information. (FINRA Case
#2009020417201)
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June 2010
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Uwadia,
Sonny C.
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Lancaster,
Texas
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Barred
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He willfully failed to disclose a material
fact on his Form U4 and failed to respond to NASD requests for information.
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December
2005
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