Articles Posted in Barred Brokers

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David Homan

News reports on mlive and Financial Advisor IQ report that ex-Wells Fargo adviser David Homan has been charged with embezzling thousands of dollars from the trust fund of a deceased client.

According to reports, David Homan, who is 68, was arraigned in Bay City, Michigan’s Bay County District Court for “one count of embezzlement between $50,000 and $100,000. “Law enforcement reportedly started looking into allegations regarding Mr. Homan in March 2015 following a tip from an attorney who told them that he “had stolen more than $500,000 from a trust fund,” according to mlive. The trust fund in question “had been in the name of Elizazbeth N. Stafford… who died in April 2009.” Mr. Homan was named the fund’s co-trustees in September 2003; he became its only trustee after Ms. Stafford’s death, when the fund reportedly contained approximately $516,000. Law enforcement offers reportedly “obtained a letter written by Homan” and distributed to the trust fund’s beneficiaries in 2018, which stated: “On occasion, I see things that help me to know how to do things better, and even at times, I learn things that help me to know that I may have done things in a way that others could perceive as inappropriate.” Mr. Homan had resigned from Wells Fargo four years earlier, in 2014, “during an internal compliance review.”

Investigators determined that funds were withdrawn from the trust fund “via electric fund transfers and checks written by Homan,” according to mlive; those funds were transferred to his credit card accounts. In one instance in 2013, a check for more than $34,900 was written to a local car dealership for a “Chrystler Town & Country” soon registered to his wife. Investigators conducted an audit of the fund that “revealed a total of $513,211.57 had been misappropriated” from 2009 until 2014, according to mlive. Law enforcement officers were also told that Mr. Homan had represented himself to the Stafford family as a relative—Ms. Stafford’s death certificate reportedly listed him as a nephew—though he was not. The fund’s beneficiaries reportedly told police officers that Ms. Stafford hired him in the late 1990s.

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Suhail KhanPublicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on July 17, 2018 indicate that former Illinois-based LPL Financial broker/adviser Suhail Khan, who has been sanctioned by FINRA and barred from acting as a broker or otherwise associating with a broker-dealer firm, is involved in a pending customer dispute. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Khan (CRD# 3168241).

Suhail Khan has spent 14 years in the securities industry and was most recently registered with LPL Financial in Chicago, Illinois (2013-2017). Previous registrations include Vision in Chicago, Illinois (2009-2011); US Financial Investments in Chicago, Illinois (2008-2009); World Group Securities in Duluth, Georgia (2002-2006); and WMA Securities in Duluth, Georgia (1999-2002). He has passed seven securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on November 26, 2007; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on March 17, 1999; Series 3 (National Commodity Futures Examination), which he obtained on June 1, 2010; Series 7 (General Securities Representative Examination), which he obtained on May 18, 2010; Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on March 17, 1999; Series 30 (NFA Branch Manager Examination), which he obtained on September 22, 2010; and Series 26 (Investment Company Products/Variable Contracts Principal Examination), which he obtained on May 31, 2000. He is currently not registered with any state or firm.

According to his BrokerCheck report, he has received one FINRA sanction and one pending customer complaint.

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Lawrence FawcettPublicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on June 25, 2018 indicate that former California-based Westpark Capital broker Lawrence Fawcett, who was recently sanctioned by FINRA and barred from acting as a broker, has received pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Fawcett (CRD# 5851474).

Lawrence Fawcett has spent 5 years in the securities industry and has been registered with Westpark Capital in Los Angeles, California (2015-2018). Previous registrations include Salomon Whitney Financial in Farmingdale, New York (2013-2015); Rockwell Global Capital in Melville, New York (2013); John Thomas Financial in New York, New York (2013); Rockwell Global Capital in New York, New York (2012-2013); and EKN Financial Services in Melville, New York (2012). He is currently not registered with any state or firm.

According to his BrokerCheck report, he has received one customer complaint, three pending customer complaints, and two FINRA sanctions.

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FINRA Bars 10+ RepresentativesAccording to publicly available records provided by the Financial Industry Regulatory Authority and accessed on June 18, 2018, FINRA reported more than ten brokers and/or investment advisers in that month as barred from association with member firms. The representatives listed below have signed Letters of Acceptance, Waiver and Consent (AWC Letters) consenting to these sanctions without admitting to or denying the alleged underlying actions. Additional information about each action is available on FINRA’s disciplinary actions homepage.

 

Name Current/Former Employers
Laura Ortega Shean LPL Financial
William George Brunner Investment Planners
Domingo Gonzalez Park Avenue Securities
Scott William Palmer Janney Montgomery Scott
Kevin James Lee Martin Nielson & Company
Tyler Harris Merrill Lynch
Ron Jason Ison Buckman Buckman & Reid
Steven Pagartanis Lombard Securities
Dallas Richardson York Wells Fargo Clearing Services
Richard Gomez Avenir Financial Group
Vincent Santoro State Farm VP Management Corporation
Craig Eugene Walker NYLife Securities

 

 

 

 

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Scott PolishPublic records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on April 11, 2018 indicate that former Ohio-based Wells Fargo Clearing Services broker/adviser Scott Polish has been sanctioned by FINRA in connection to alleged rule violations and barred from acting as a broker or otherwise associating with a broker-dealer firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Polish (CRD# 2165523).

Scott Polish has spent 25 years in the securities industry and was most recently registered with Wells Fargo Clearing Services in Mentor, Ohio (2008-2017). Previous registrations include Citigroup Global Markets in Pepper Pike, Ohio (2001-2008); First Union Securities in St. Louis, Missouri (1999-2001); First Union Capital Markets in Charlotte, North Carolina (1999); McDonald Investments in Cleveland, Ohio (1993-1999); Olde Discount Corporation in Detroit, Michigan (1991-1993); and Painewebber in Weehawken, New Jersey (1991). He has passed six securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on October 10, 2008; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on September 11, 1991; Series 31 (Futures Managed Funds Examination), which he obtained on July 7, 2000; Series 7 (General Securities Representative Examination), which he obtained on August 16, 1991; Series 8 (General Securities Sales Supervisor Examination [Options Module & General Module]), which he obtained on April 28, 1993; and Series 4 (Registered Options Principal Examination), which he obtained on March 18, 1993. He is currently not registered with any state or firm.

According to his BrokerCheck report, he has received one FINRA sanction and one customer complaint, and he was discharged from a former employer in connection to alleged rule violations.

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David KondrackePublicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on February 12, 2018 indicate that former Ohio-based Merrill Lynch broker/adviser David Kondracke has been sanctioned by FINRA in connection to alleged rule violations and barred from acting as a broker or otherwise associating with a broker-dealer firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Kondracke (CRD# 849161).

David Kondracke has spent 38 years in the securities industry and was most recently registered with Merrill Lynch in Columbus, Ohio (2006-2017). Previous registrations include Advest in Hartford, Connecticut (1984-2006) and Vercoe & Company (1978-1984). He has passed four securities industry examinations: Series 66 (Uniform Combined State Law Examination), which he obtained on April 18, 2007; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on February 26, 1985; Series 7 (General Securities Representative Examination), which he obtained on February 18, 1978; and Series 40 (Registered Principal Examination), which he obtained on December 14, 1978. He is currently not registered with any state or firm.

According to his BrokerCheck report, he has been sanctioned by FINRA and received two customer complaints.

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Robert Lindell

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on August 5, 2017 indicate that former California-based Richfield Orion International broker/adviser Robert Lindell has been sanctioned by FINRA and barred from acting as a broker or otherwise associating with firms that sell securities to the public. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Lindell (CRD# 2550012).

Robert Lindell has spent 22 years in the securities industry and was most recently registered with Richfield Orion International in Santa Rosa, California (2013-2017). Previous registrations include Revere Securities in Bangor, Maine; Jesup & Lamont Securities in New York, New York; Intervest International Equities Corporation in Frankfort, Maine; Edward Jones in St. Louis, Missouri; and Hackett & Company in South Burlington, Vermont. He is currently not registered with any state or firm.

According to his BrokerCheck report, he has received several regulatory sanctions and has been named in a pending criminal complaint.

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Hossein AmirriaheiPublicly available records published by the Financial Industry Regulatory Authority (FINRA) on May 11, 2017 indicate that former California-based Wells Fargo Advisors broker/adviser Hossein Amirriahei has been sanctioned by FINRA and barred from acting as a broker or otherwise associating with firms that sell securities to the public. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Amirriahei (CRD# 2121350).

Hossein Amirriahei has spent 25 years in the securities industry and was most recently registered with Wells Fargo Advisors in Los Angeles, California (2003-2016). Previous registrations include Prudential Securities in New York, New York; Pruco Securities in Newark, New Jersey; and the Prudential Insurance Company of America in Newark, New Jersey. He has passed five securities industry examinations: Series 31 (Futures Managed Funds Examination); Series 6 (Investment Company Products/Variable Contracts Representative Examination); Series 7 (General Securities Representative Examination); 65 (Uniform Investment Adviser Law Examination); and Series 63 (Uniform Securities Agent State Law Examination). He is currently not registered with any state or firm.

According to his BrokerCheck report, he has received one FINRA sanction and one customer complaint, and was discharged from a former employer.

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Mark WesleyPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on April 21, 2017 indicate that former Ohio-based Ameriprise Financial Services broker/adviser Mark Wesley has been sanctioned by FINRA and barred from acting as a broker or otherwise associating with firms that sell securities to the public. Fitapelli Kurta is interested in hearing from investors who have complains regarding Mr. Wesley (CRD# 2511569).

Mark Wesley has spent 21 years in the securities industry and was most recently registered with Ameriprise Financial Services in Independence, Ohio (1994-2016). He was previously registered with IDS Life Insurance in Minneapolis, Minnesota and is currently not registered with any state or firm.

According to his BrokerCheck report, he has been sanctioned by FINRA and has received several customer disputes.

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Bernard McGeePublic records published by the Financial Industry Regulatory Authority (FINRA) on April 18, 2017 indicate that former New York-based Independent Financial Group broker Bernard McGee has been sanctioned by FINRA and barred from acting as a broker or otherwise associating with firms that sell securities to the public. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. McGee (CRD# 1203327).

Bernard McGee has spent 32 years in the securities industry and was most recently registered with Independent Financial Group in Cazenovia, New York (2012-2016). Previous registrations include Cadaret Grant & Company in Cazenovia, New York; New England Securities in East Syracuse, New York; and Royal Alliance Associates in New York, New York. He is currently not registered with any state or firm.

According to his BrokerCheck report, he has received two customer complaints and one regulatory sanction which is currently on appeal.