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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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Wade, Jon Martee
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Little Rock, Arkansas
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Barred
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Wade engaged in excessive mutual fund and municipal bond trading in a public customer's account. In addition, the findings stated that Wade failed to respond to NASD requests for information.
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February 2006
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Wakeley, Travis Donald
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Hurst, Texas
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Barred
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Wakeley consented to the described sanction and to the entry of findings that he engaged in private securities transactions without providing prior written or verbal notice to his member firm describing in detail the proposed transactions, his role therein and whether he had received, or might receive, compensation in connection with the transactions. The findings stated that Wakeley engaged in outside business activities without providing prompt written notice to his member firm. The findings also stated that Wakeley made an investment recommendation to a public customer without having reasonable grounds for believing that the recommendation was suitable for the customer based on her age, risk tolerance, investment objective, investment experience and net worth.
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March, 2007
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Walters, Sean Michael
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Wexford, PA
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Barred
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Walters received $285,000 from public customers to invest in the bonds, but instead, converted their funds for his own use and benefit. The findings also stated that Walters submitted a fabricated brokerage account statement to a mortgage company as part of a personal loan application by inserting his own name and address on a customer's account statement.
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January 2008
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Washington, Larry
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Oak Park, MI
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Barred
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Washington borrowed $5,000 from a public customer when hismember firm's written supervisory procedures prohibited borrowing money from customers. The findings stated that Washington failed to respond to FINRA requests forinformation.
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December 2007
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Watson, Fredricka Dale
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Louisville, KY
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Barred
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Watson took notes into a Regulatory Element of ContinuingEducation exam and looked at them before they were confiscated by an examiner, even though she had acknowledged that it was prohibited prior to the exam. The findings stated that Watson failed to respond to FINRA requests for information.
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February 2008
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Weihrauch, Michael Derek
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Delaware, OH
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Barred
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Weihrauch failed to amend his FormU4 to disclose a material fact. The findings stated that Weihrauch failed to respond to FINRA requests for information.
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January 2008
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Whitaker, Beverly J.
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Towley, MA
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Barred
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A public customer gave Whitaker and a registered representative $70,500 for investment purposes and instead of investing funds as directed, the registered representative deposited $50,000 of the total into the account of a company the registered representative jointly owned with Whitaker, thereby converting the proceeds for their own use and benefit.
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February 2008
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Wigand, Gary Lee
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Fort Wayne, IN
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Barred
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Wigand forged a notary public's signature of on a power ofattorney that a customer of his member firm signed, and affixed a notary stamp to the power of attorney without the notary's knowledge and consent and without the notary's witnessing the signing of the document by the customer. The findings stated that Wigand failed to respond to FINRA requests for information.
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January 2008
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Willis, George
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St. Louis, Missouri
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Censure and a permanent bar
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Willis failed to disclose his prior criminal history on an employment application submitted to his member firm employer and failed to comply with one or more written requests by NYSE Regulation for information concerning one or matters that occurred prior to the termination of his status as an employee of a member organization.
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March, 2007
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Waldie, Clayton Richard
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Springfield, Missouri
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Barred
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He failed to respond to NASD requests for information.
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August 2005
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Walker, Kai Richardson
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Winter Park, Florida
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Barred
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Walker changed the address of record on the account of the estate of a deceased public customer to an address under his control, and issued a debit card and checks to this new address. The findings stated that, using the fraudulently obtained debit card and checks, Walker made purchases totaling $9,689.11, thereby, converting the funds for his own use and benefit. NASD found that Walker converted funds belonging to his member firm by depositing checks totaling $1,092.30 into his own personal account. NASD found that Walker failed to respond to NASD requests for information.
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May 2006
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Wallace, Darryl
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Chicago, Illinois
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Barred
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Violated NYSE Rule 476(a)(7) by being convicted of federal felony offense of Wire Fraud that involved conduct during course of his employment at member organization; violated NYSE Rule 477 by failing to comply with written requests by the NYSE for a detailed written explanation concerning a matter that occurred prior to the termination of his employment; violated NYSE Rule 477 by failing to comply with an NYSE request for testimony concerning a matter that occurred prior to the termination of his employment.
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August 2006
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Wallwork, Joseph David
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Fairview, Pennsylvania
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Barred
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He failed to respond to an NASD request to appear for an on-the-record interview.
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March 2006
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Walters, Michael Lawrence
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Allen Park, Michigan
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Barred
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He prepared and submitted documents bearing the forged signatures of public customers that included authorizations to obtain payments for financial plans that were never provided and fees charged to customers' accounts without their knowledge or consent. The findings stated that Walters misused customer funds by using the documents bearing forged signatures to obtain payments and fees from accounts of customers at the firm for his own use or benefit and not the benefit of the customers. In addition, the findings stated that Walters failed to respond to an NASD request to appear to give on-the-record testimony.
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June 2005
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Walthall, Lacy McClure (III)
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Wake Forest, North Carolina
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1-Year Suspension
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He engaged in outside business activities and private securities transactions without prompt written notification to his member firm and his firm's written approval to engage in the private securities transactions.
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January 2005
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Wang, Jing
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Unknown
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Censure and a five year bar
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Failed to disclose on an employment application submitted to his member firm employer prior criminal convictions and violated Exchange Rule 477 by failing to comply with Exchange requests for information.
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April 11, 2005
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Wang,
Michael
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San
Jose, California
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1-Year
Suspension
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Wang consented to the described sanctions
and to the entry of findings that he willfully failed to disclose a material
fact on his Form U4.
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January
2006
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Wares, Crystal
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Lutz, Florida
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22-month Bar
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Violated NYSE Rule 351(b) by failing to disclose to her member-organization employer an arrest, guilty plea, and conviction that occurred during her employment and subjected her to statutory disqualification; violated NYSE Rule 477 by failing to timely comply with one or more written requests by NYSE for information concerning one or more matters that occurred prior to termination of her status as a non-registered employee.
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June 2006
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Waslkowski, Ernest James
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Carfield Heights, Ohio
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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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Weaver, Brad Allan
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Chicago, Illinois
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Barred
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Weaver permitted an unregistered person who was also barred from the securities industry to engage in securities transactions. The findings stated that Weaver failed to maintain complete, accurate and current books and records. The findings also stated that Weaver guaranteed a public customer against loss in his securities account. The findings also included that Weaver engaged in outside business activities, for compensation, without providing his member firm with prompt written notice.
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August 2006
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Weaver, Kevin Mark
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Dallas, Texas
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Barred
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He engaged in the fraudulent offer and sale of unregistered securities in the form of limited partnership interests through ostensibly separate offerings to public customers, and each offering was made pursuant to a private placement memorandum that contained numerous misrepresentations and omitted to state several material facts.
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June 2005
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Webb, Christopher Henry
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Camden Wyoming, Delaware
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15 month suspension
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Webb provided false information regarding public customers on their insurance applications and forged their signatures on the insurance applications and related documents.
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May 2007
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Webb III, R. McClure
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Columbia, SC
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1-Year Suspension
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Webb failed to establish and maintain a systemto supervise the activities of his member firm's registered representatives and associated persons reasonably designed to achieve compliance with applicable securities laws, regulations and NASD rules
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November 2007
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Weick, Jeffrey S.
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Coconut Creek, Florida
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Complaints Filed
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He was named as a respondent in an NASD complaint alleging that he executed numerous unauthorized trades in multiple public customer accounts, and overbought trades that were unauthorized in a pattern of knowing misconduct and failed to describe that he was executing unauthorized trades in the customer's accounts to them. The complaint also alleges that Weick, directly or indirectly, in connection with the offer 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 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 courses of business which operated or would operate as a fraud or deceit upon purchasers or prospective purchasers.
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April 2006
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Weinberg, Richard Wolfe
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Oxnard, California
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Barred
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Pursuant to NASD Rule 9552(h).
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July 2006
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Weisberg,
Mitchell Aaron
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Deerfield
Beach, Florida
|
Barred
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He effected, or caused to be effected,
securities transactions in the accounts of a public customer without the
customer’s prior knowledge or authorization.
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November
2005
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Weissman, Scott Howard
|
Miami, FL
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Complaint Filed
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Weissman was named as a respondent in a FINRA complaint alleging that, without the knowledge or consent of a public customer, he instructed his member firm's clearing firm totransfer $30,000 from the customer's brokerage account to a bank account for a movie production company of which Weissman was president. The complaint alsoalleges that when the customer discovered the fund transfer,Weissman represented to the customer that the wire transfer was in error but failed to return all the funds to thecustomer. The complaint further alleges that without the knowledge or consent of public customers, Weissman faxed a wire-transfer instruction form to the clearing firmauthorizing the transfer of $8,000 from the public customers' joint account to a bank account for the purchase of a common stock that the customers were not interested in purchasing and failed to return the funds after one of the customers noticed the stock purchase in the account. In addition, the complaint alleges that Weissman sold shares of a common stock that was not registered with the SEC and was not exempt from registration . The complaint also alleges that Weissman earned $304,206 from the sales of the unregistered security.
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November 2007
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Weldon, Cass Lamar
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Bossier City, Louisiana
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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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Wendling, Maria
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Cleveland, Ohio
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Barred
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Violated NYSE Rule 476(a)(6) by misappropriating funds from customer's account; forging a customer's signature on one or more Letters of Authorization; forging a customer's signature on a check written from the customer's member firm account; forging a third-party's signature on checks written from the third-party's bank account, and depositing the checks into a customer's account without the customer's knowledge; caused a violation of Section 17(a) of the Securities Exchange Act of 1934 and Rules 17a-3 and 17a-4 thereunder, and NYSE Rule 440, when she made, or caused to be made, false entries in the books and records of her member firm employer; violated NYSE Rule 476(a)(4) by making material misstatements to the NYSE.
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August 2006
|
|
Wershay,
Steven Victor
|
Suxxex,
Wisconsin
|
Barred
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He solicited and accepted customer funds
totaling in excess of $800,000 and used them for his personal expenses
without the customers’ knowledge or consent.
|
January
2006
|
|
Whelan, Andrew Jerome
|
Quincy, Massachusetts
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Barred
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Whelan signed and submitted audit reports to his member firm representing that he had conducted inspections of branch offices, although he had not.
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December 2006
|
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Whims, Michael Howard
|
Redmond, Washington
|
Barred
|
He affixed, or caused to be affixed, public customers' signatures to his firm's switch letters in order to effect the liquidation of certain mutual fund shares and the purchase of other mutual fund shares without the customers' knowledge or consent.
|
September, 2006
|
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White,
Doyle Mark
|
Irving,
Texas
|
Barred
|
White attempted to mislead NASD staff. White
was also found to have violated Rule 2110 for failing to register as a
general securities principal. In light of the bar, no other sanctions were
imposed.
|
January
2006
|
|
White, Tina Marie
|
Wildwood, Missouri
|
1-Year Suspension
|
She affixed the signature of a public customer to an ownership designation form without the customer's authorization, knowledge, or consent, causing the customer to become the owner and insured of an insurance policy that the customer did not wish to own.
|
February 2005
|
|
White, Jr., Rockie Lee
|
Philadelphia, PA
|
Barred
|
White willfully failed to make material disclosures on hisFormU4 and failed to respond to FINRA requests for information.
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October 2007
|
|
Whitehead, Jr., Albert Alecxander
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Crestview, KY
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Barred
|
Pursuant to NASD Rule 9552(h)
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March 2008
|
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Whitley, R. Tyler (Jr.)
|
Unknown
|
Consent to censure and three year bar
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Recommended and effected transactions in the accounts of one or more customers which were unsuitable; caused violations of Exchange Rule 342.16in that he supplied one or more written communications to one or more customers which had not been reviewed or approved by supervisors.
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January 20, 2005
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Whitted, E. Keith
|
Plainsboro, New Jersey
|
Barred
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Violated NYSE Rule 476(a)(6) by failing to disclose on employment application, prior criminal history which subjected him to statutory disqualification; violated NYSE Rules 476(a)(11) and 477 by failing to comply with written requests by NYSE for information.
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February, 2007
|
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Whitter, Anthony Rahama
|
Mt. Vernon, New York
|
Barred
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Whitter misrepresented and omitted material facts in connection with the sale of speculative stock to public customers. The findings stated that Whitter made unreasonable price predictions for the stock and acted recklessly by withholding information concerning the issuer's negative financial condition and performance.
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July 2007
|
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Wiard,
Scott Emil
|
Ypsilanti,
Michigan
|
Barred
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He engaged in unauthorized trading by
failing to follow their clients’ instructions. The findings also stated that
the respondents recommended transactions to public customers that were
unsuitable. NASD also found that he exercised discretion over public
customers’ investment decisions even though his continued association with
his member firm required that he not maintain discretionary accounts.
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January
2006
|
|
Wiggins, Norbert L.
|
Arlington Heights, Illinois
|
Barred
|
Pursuant to NASD Rule 9552 for failure to provide information requested under NASD Rule 8210.
|
February 2005
|
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