FINRA bars Kevin D. Wanner after Termination

According to the Financial Industry Regulatory Authority’s March 2016 Disciplinary Report, Kevin D. Wanner (CRD #1402627, Bismarck, North Dakota) recently submitted an AWC in which he was barred from association with any FINRA member in any capacity.

Without admitting or denying the findings, Wanner consented to the sanction and to the entry of findings that he failed to provide FINRA with documents and information and appear for testimony after FINRA began an investigation into the events leading up to Wanner’s termination from his member firm including, among other things, whether he misappropriated customer funds.

Wanner’s alleged scheme included the sale of fictitious brokered time certificates of deposit, and unregistered interests in pooled investment vehicles. According to the complaint, 66 North Dakotans were allegedly victimized.

For the full FINRA findings, see FINRA Case #2015048162701.

According to Wanner’s FINRA BrokerReport, he was registered with Questar Capital from 12/2012 – 12/2015 and Woodbury Financial from 08/2010 – 12/2012.

For the full FINRA findings, see FINRA Case #2015048162701.

Brokerage firms are required to properly supervise all advisors they employ and to ensure that those advisors are complying with applicable FINRA rules and regulations. If it can be demonstrated that Wanner’s former employer failed to properly supervise him, his employer may be held responsible for the losses in a FINRA arbitration claim.

If you have questions about investments you made with Kevin Wanner, the securities attorneys of The White Law Group may be able to help you.  To speak with a securities attorney, please call 888-637-5510.

The foregoing information, which is all publicly available on FINRA’s website, is being provided by The White Law Group.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.  For a free consultation with a securities attorney, please call the firm’s Chicago office at 888-637-5510

For more information on The White Law Group, visit www.whitesecuritieslaw.com.