|
|
Wannen, III, Charles William
|
Hicksville, NY
|
Complaint Filed
|
Wannen was named as a respondent in a FINRA complaint alleging that he engaged in a pattern of unsuitable and excessive trading in public customers' accounts. The complaint alleges that Wannen filed false and inaccurate information on new account forms for the customers without their knowledge, authorization or consent, causing his member firm's books and records to be inaccurate.
|
June 2008
|
|
|
Washington, Kareem Isadore
|
White Plains, NY
|
Barred
|
Washington assisted customers in opening fraudulent bank accounts and withdrawing money from the newly opened fraudulent accounts, and received approximately $4,700 in compensation for assisting in the scheme. The findings stated
that the customers of Washington's member firm opened the bank accounts with falsified identifying information and made initial deposits of money with counterfeit checks drawn on the accounts of the firm's other customers. The findings also stated that at the customers' direction,Washington made branch and automatic teller machine (ATM) withdrawals for the customers, despite knowing that the customers
deposited counterfeit checks and that fraud alerts were placed on the accounts. The findings also included that the bank lost a total of $43,093.81 fromthe scheme. (FINRA Case #2008012952201)
|
September 2009
|
|
Washington, Larry
|
Oak Park, MI
|
Barred
|
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.
|
December 2007
|
|
Wang, Jing
|
Unknown
|
Censure and a five year bar
|
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.
|
April 11, 2005
|
|
Waslkowski, Ernest James
|
Carfield Heights, Ohio
|
Barred
|
Pursuant to NASD Rule 9552(h)
|
May 2006
|
|
Watson, Fredricka Dale
|
Louisville, KY
|
Barred
|
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.
|
February 2008
|
|
Watts, Benjamin Theodore
|
Union, ME
|
Barred
|
Watts borrowed $30,000 from an elderly public customer without his member firm's approval. The firm did not have written procedures allowing registered representatives to borrow money from customers. The findings stated that Watts failed to repay the loan.
|
September 2008
|
|
Weaver, Brad Allan
|
Chicago, Illinois
|
Barred
|
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.
|
August 2006
|
|
Weaver, Clifford Lee
|
Ephrata, PA
|
Barred
|
Weaver entered materially false and/or inaccurate public customer information on firm documents, thereby causing his member firm to maintain false or inaccurate records. The findings stated that Weaver signed a customer's name on investment-related forms without the customer's authorization or consent. The findings also stated that Weaver made a $550 payment to the customer in settlement of her complaint without his member firm's knowledge.
|
July 2008
|
|
Weaver, Kevin Mark
|
Dallas, Texas
|
Barred
|
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.
|
June 2005
|
|
Webb III, R. McClure
|
Columbia, SC
|
1-Year Suspension
|
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
|
November 2007
|
|
Wehmiller, Jack Richard
|
Murrayville, GA
|
Barred
|
Wehmiller failed to respond to FINRA requests to provide on-the-record testimony.
|
October 2008
|
|
Weinberg, Richard Wolfe
|
Oxnard, California
|
Barred
|
Pursuant to NASD Rule 9552(h).
|
July 2006
|
|
Weiner, Alan David
|
Delray Beach, FL
|
Barred
|
Pursuant to Rule 9552(h)
|
February 2009
|
|
Weir, Jr., Don Clair
|
Wentzville, MO
|
Barred
|
Weir 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, Weir consented to the described sanction and to the entry of findings that he failed to appear for a FINRA on-the-record interview. (FINRA Case #2008014938201)
|
October 2009
|
|
Weisberg,
Mitchell Aaron
|
Deerfield
Beach, Florida
|
Barred
|
He effected, or caused to be effected,
securities transactions in the accounts of a public customer without the
customer’s prior knowledge or authorization.
|
November
2005
|
|
Weissman, Scott Howard
|
Miami, FL
|
Barred
|
Weissman transferred $30,000 from a customer's securities account to the bank account of a movie production company for which he was the president, thereby converting the funds to his own use and benefit. The findings stated that Weissman executed a transaction in customers' joint account without the customers' knowledge or consent. The findings also stated that Weissman offered and sold securities that were not exempt from registration and for which no registration
statement was in effect, in violation of Section 5 of the Securities Act of 1933.
|
May 2008
|
|
Weldon, Cass Lamar
|
Bossier City, Louisiana
|
Barred
|
Pursuant to NASD Rule 9552(h).
|
June 2007
|
|
Wendling, Maria
|
Cleveland, Ohio
|
Barred
|
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.
|
August 2006
|
|
Wershay,
Steven Victor
|
Suxxex,
Wisconsin
|
Barred
|
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
|
|
Westermann, Kirk John
|
Lake Wylie, SC
|
Barred
|
Westermann 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,Westermann consented to the described sanction
and to the entry of findings that he deposited a $290.25 check written by a co-worker made payable to a third party into his personal bank account, and converted the proceeds for his own use and benefit, without the co-worker's knowledge or consent. (FINRA Case #2009016659701)
|
October 2009
|
|
Whang, Victor L.
|
Chesterfield, MI
|
Barred
|
Pursuant to NASD Rule 9552(h)
|
September 2008
|
|
Whelan, Andrew Jerome
|
Quincy, Massachusetts
|
Barred
|
Whelan signed and submitted audit reports to his member firm representing that he had conducted inspections of branch offices, although he had not.
|
December 2006
|
|
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
|
|
Whitaker, Beverly J.
|
Towley, MA
|
Barred
|
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.
|
February 2008
|
|
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, Fiona Patrice
|
Willingboro, NJ
|
Barred
|
Pursuant to NASD Rule 9552(h)
|
July 2008
|
|
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.
|
October 2007
|
|
White, Shaniqua N.
|
Bronx, NY
|
Barred
|
White submitted an Offer of Settlement in which she was barred from association with any FINRA member in any capacity. Without admitting or denying the allegations, White consented to the described sanction and to the entry of findings that she converted $1,800 from a customer by creating a temporary ATM card in the customer's name without the customer's permission or consent, and used the unauthorized ATM card to withdraw $1,800 from the customer's bank account for her own use and benefit. The findings stated that White failed to respond to FINRA requests for information and documents and to appear for a FINRA on-the-record interview. (FINRA Case #2008015003001)
|
November 2009
|
|
Whitehead, Jr., Albert Alecxander
|
Crestview, KY
|
Barred
|
Pursuant to NASD Rule 9552(h)
|
March 2008
|
|
Whitley, Derek Michael
|
Sierra Vista, AZ
|
Barred
|
Whitley misused $5,254.12 in insurance premiums he received from customers by failing to forward the funds to an insurance company or return the funds to the customers; and, failed to respond to FINRA requests for information.
|
January 2009
|
|
Whitted, E. Keith
|
Plainsboro, New Jersey
|
Barred
|
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.
|
February, 2007
|
|
Whitter, Anthony Rahama
|
Mt. Vernon, New York
|
Barred
|
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.
|
July 2007
|
|
Wiard,
Scott Emil
|
Ypsilanti,
Michigan
|
Barred
|
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.
|
January
2006
|
|
Wigand, Gary Lee
|
Fort Wayne, IN
|
Barred
|
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.
|
January 2008
|
|
Wiggins, Norbert L.
|
Arlington Heights, Illinois
|
Barred
|
Pursuant to NASD Rule 9552 for failure to provide information requested under NASD Rule 8210.
|
February 2005
|
|
Wilcher,
Kathryn Veness
|
Jacksonville,
Florida
|
Barred
|
He converted funds from a bank customer
totaling $1,900.
|
September
2005
|
|
Wilde, Jason Joseph
|
Jersey City, New Jersey
|
Barred
|
He engaged in fraudulent misrepresentations and omissions to induce purchases or to discourage sales of a security. The findings stated that Wilde engaged in unauthorized trading and other deceptive practices, and knowingly or recklessly provided substantial assistance to others engaging in similar misconduct to further the scheme. The findings also stated that prior to effecting transactions, Wilde failed to provide public customers with a risk disclosure document containing the information required by penny stock rules, and obtain a signed and dated written statement from the customers acknowledging the document's receipt. The findings also included that Wilde failed to disclose to public customers, either orally or in writing, the inside bid and offer quotations for the security prior to effecting transactions, and failed to provide the same in writing at or prior to the same of any written confirmation sent to the customer. NASD found that Wilde failed to keep and preserve records of such disclosures as required by the penny stock rules.
|
April 2006
|
|
Wilkinson, John F.
|
Birmingham, Michigan
|
Revoked
|
Failing to Pay Fines and/or Costs in Accordance with NASD Rules 8320
|
February, 2007
|
|
Willard, III, James Richard
|
Greene, NY
|
Complaint Filed
|
Willard was named as a respondent in a FINRA complaint alleging that he made unsuitable recommendations to a public customer without having a reasonable basis for believing that such recommendations were suitable based on the customer's age, investment objectives, risk tolerance, financial situation and needs. The complaint alleges that in connection with the unsuitable transactions, Willard created false documents causing his member firm's books and records to contain false and misleading information regarding the customer's age. The complaint also alleges that Willard willfully reported false information on his Forms U4 and willfully failed to disclose material information on his Forms U4.
|
August 2008
|
|
Williams, Alexander M.
|
Brooklyn, New York
|
Barred
|
Williams engaged in excessive trading in a public customer's accounts based on the customer's financial circumstances and investment objectives. The findings stated that Williams received funds from a public customer for investment, but instead used the funds to purchase securities in an account he controlled. The findings also stated that Williams failed to respond to NASD requests for information and documents.
|
August 2006
|
|
Williams,
Charles Lee
|
Colorado
Springs, Colorado
|
Barred
|
He included false and misleading information
on his Form U4 to avoid disclosure of material facts.
|
November
2005
|
|
Williams,
Melissa Jean
|
Mishawaka,
Indiana
|
Barred
|
She submitted a falsified Series 7
examination score report to her member firm and failed to respond to NASD
requests for information and documents.
|
December
2005
|
|
Williams, Todd Allyn
|
Akron, OH
|
Barred
|
Pursuant to NASD Rule 9552(h)
|
April 2008
|
|
Willis, George
|
St. Louis, Missouri
|
Censure and a permanent bar
|
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.
|
March, 2007
|
|
Wilms, Denise L.
|
Eastpointe, MI
|
Barred
|
Pursuant to FINRA Rule 9552(h)
|
April 2009
|
|
Wils, John Carl
|
East Moline, IL
|
Barred
|
Wils received $13,129 from customers that was intended for
investments and insurance coverage payments and deposited the funds into his personal bank account, converting the funds for his own use and benefit, without the customers' knowledge and consent. The findings stated that Wils failed to respond
to FINRA requests for information and documents.
|
March 2009
|
|
Wilson, Hugh Anthony
|
Morrisville, NC
|
Barred
|
Wilson fraudulently misrepresented to customers and another investor that he had an options trading account or other unspecified investment and would double their funds in four
to six weeks. The findings stated that Wilson received $73,500 from investors, failed to apply the funds as directed and failed to return the funds with the promised returns, thereby misusing customer and investor funds. The findings also stated that Wilson, 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 statement of material fact or omitted to state material facts necessary in order to make the statements made, in the 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. The findings also included that Wilson misused the funds of an investor who was not a firm customer by holding the funds for 10months before returning them in spite of his representation that the investment would be for 30 days. FINRA found that Wilson failed to respond to FINRA requests for information. (FINRA Case #2007010192301)
|
August 2009
|
|
Wilson, Nancy A.
|
Dallas, Texas
|
Barred
|
She failed to respond to NASD requests for information.
|
March 2005
|
|
Winitch, Charles
|
Scarsdale, NY
|
5-yr. Bar
|
Winitch was found guilty of sales practice violations, and of making a material misstatement to the NYSE after an investigation by NYSE Regulation's Division of Enforcement. Winitch appealed, and the Hearing Panel's decision was affirmed by NYSE Board of Directors.
|
November 2008
|
|
Wilson, Matthew Bryan
|
St. Augustine, FL
|
Barred
|
Pursuant to Rule 9552(h)
|
February 2009
|
|
Wilson, Roger Glen
|
Irving, Texas
|
Barred
|
Pursuant to NASD Rule 9552(h)
|
April 2006
|
|
Wisecarver, Steven Edward
|
Herrin, IL
|
Barred
|
Wisecarver submitted false documentation to his member firm's insurance affiliate to change public customers' addresses to his residential address and submitted falsified documentation requesting loans and accumulated dividend payments on the customers' insurance policies, all without their knowledge or consent; received $58,000 total in checks payable to the customers, which he deposited into his bank account by forging the customers' signature endorsements, thereby converting the customers' funds to pay for his mortgage and personal bills, and not for the customers' benefit.
|
January 2009
|
|
Withem, Shannon Bolt
|
Canton, Michigan
|
Barred
|
He withdrew $1,000 from the bank account of a public customer at his member firm's affiliate without the knowledge and approval of the customer and converted the funds to his own personal use.
|
May 2005
|
|
Woessner, Jason Scott
|
Boca Raton, FL
|
Barred
|
Pursuant to NASD Rule 9552(h)
|
March 2008
|
|
Wong, Emily Sun
|
Mt. Laurel, New Jersey
|
Barred
|
Barred Pursuant to NASD Rule 9552(h).
|
June 2006
|
|
Wong, Fia W.
|
Brooklyn, New York
|
Barred
|
Wong consented to the described sanction and to the entry of findings that he converted $2,175,000 from his member firm for his own use and benefit without the firm's prior knowledge, authorization or consent. The findings stated that Wong failed to appear for scheduled NASD on-the-record interviews.
|
August 2006
|
|
Wong, Ryan-Li Juck Tan
|
Wahiawa, Hawaii
|
Barred
|
He attempted to convert a public customer's funds to his own use and benefit by submitting a wire transfer from his member firm in an attempt to transfer $18,000 from the securities account of the customer to a bank account without the knowledge or consent of the customer.
|
June 2005
|
|
Wood, Richard L.
|
Miamisburg, OH
|
Barred
|
The Financial Industry Regulatory Authority (FINRA) has barred Richard L.Wood, a Miamisburg, Ohio, broker, from the securities industry for stealing a $90,000 inheritance two sisters received from a deceased aunt and using it for his own
purposes. FINRA also found thatWood created and sent false account statements in order to cover up his theft. At the time, Wood worked for American General Securities Inc.
|
October 2009
|
|
Wood, Steven
|
Encino, CA
|
Barred
|
Wood failed to respond to FINRA requests for information and documents, and to appear for a FINRA on-the-record interview.
|
June 2008
|
|
Woods, Denise Kay
|
Westchester, IL
|
Barred
|
Woods misused $137,000 received from a public customer to be invested and without the customer's knowledge and consent, deposited the funds in another customer's securities account.
|
February 2008
|
|
Woods, Jr., Fredrick Anthony
|
Winston-Salem, NC
|
Barred
|
Woods submitted loan applications to a bank on public customers' behalf and photocopied their signatures from their bank signature cards onto the loan documents before submitting them to the bank, without their knowledge, consent or authorization. The findings stated that Woods failed to respond fully to FINRA requests for information.
|
April 2008
|
|
Worden, Eloise Ruth
|
Denton, Texas
|
Barred
|
As the treasurer of a condominium association, she misused funds totaling $3,800 belonging to the association without the knowledge, consent, or authorization of the association.
|
January 2005
|
|
Worthy, Coco Chanel
|
Atlanta, GA
|
Barred
|
Pursuant to NASD Rule 9552(h)
|
June 2008
|
|
Wright, James Lonny
|
Ferndale, Michigan
|
Censure and permanent bar.
|
Violated NYSE Rule 476(a)(6) by failing to disclose prior criminal history, including a felony conviction which subjected him to statutory disqualification, on employment application documents submitted to his member firm employer; violated NYSE Rules 476(a)(11) and 477 by failing to comply with written requests by NYSE for information.
|
February, 2007
|
|
Wright, Kelly Demetrius
|
Chicago, IL
|
Barred
|
Wright exercised discretion in effecting stock and option transactions in public customers' accounts without the customers' prior written authorization and without his member firm's acceptance of the accounts as discretionary. The findings stated that Wright engaged in unsuitable and excessive trading strategies in customers' accounts in view of their financial situations and investment objectives. The findings also included that, in pursuing the aggressive trading strategy in the customers' accounts, Wright acted with
intent to defraud or with reckless disregard for the customers' best interest in order to generate commissions.
|
November 2008
|
|
Wright, Matthew Philip
|
Kingsport, Tennessee
|
Barred
|
He forged the signature of his manager on blank checks from a bank account of an affiliate of his member firm and attempted to negotiate one of the checks for $10,000 by depositing the check into his personal bank account to apply the funds to satisfy personal debt. The forgeries and attempted conversion were done without the knowledge or consent of the firm's affiliate.
|
January 2005
|
|
Wu, Mark Shen-Feng
|
Hercules, CA
|
Barred
|
Pursuant to FINRA Rule 9552(h)
|
November 2009
|
|
Wurdemann, Brian M.
|
Chatham, NJ
|
Complaint Filed
|
Wurdemann was named as a respondent in a FINRA complaint alleging that he recommended and effected numerous covered call options transactions in customers'
accounts, which were unsuitable in view of the customers' investment objectives, investment experience and circumstances. The complaint alleges that Wurdemann
failed to adequately explain to the customers the risks associated with the covered call writing strategy that he recommended, implemented and carried out in their accounts.
The complaint also alleges that Wurdemann created and sent to a customer false, exaggerated, unwarranted or misleading communications regarding the apparent income the customer was generating from the covered calls written in his account.
|
July 2009
|
| |
