Kevin Wanner: Permanently Barred From the Securities Industry

Kevin WannerPublicly available records published by the Financial Industry Regulatory Authority (FINRA) on February 24, 2017 indicate that former North Dakota-based Questar Capital broker Kevin Wanner has been permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public. Fitapelli Kurta is interested in hearing from customers who have complaints regarding Mr. Wanner (CRD# 1402627).

Kevin Wanner has spent thirty years in the securities industry and was most recently registered with Questar Capital in Bismarck, North Dakota (2012-2015). Previous registrations include Woodbury Financial Services in Bismarck, North Dakota; USAllianz Securities in Bismarck, Maryland; Raymond James Financial in St. Petersburg, Florida; LM Financial Partners in New Orleans, Louisiana; Merrill Lynch in New York, New York; SunAmerica Securities in Phoenix, Arizona; Anchor National Financial Services; and AG Edwards & Sons in St. Louis, Missouri. He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination); Series 63 (Uniform Securities Agent State Law Examination); Series 7 (General Securities Representative Examination); and Series 6 (Investment Company Products/Variable Contracts Representative Examination). He is currently not registered with any state or firm.

According to his BrokerCheck report, Kevin Wanner has received two regulatory sanctions, was terminated from his position at Questar Capital, and is the subject of a pending customer dispute.

In January 2016 a customer alleged Kevin Wanner, while employed at Questar Capital, “defrauded the client of approximately $200,000.” The customer is seeking $200,000 in damages in the pending complaint.

In January 2016 FINRA sanctioned Kevin Wanner following allegations he “failed to provide documents, information, and to appear for testimony in response to request letters issued by FINRA 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.” He was permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public.

In December 2015 the North Dakota Securities Department sanctioned him following allegations he “engaged in multiple violations of the Securities Act and that he has engaged in dishonest, fraudulent or unethical practices.” His registration was revoked.

In December 2015 he was discharged from his position at Questar Capital following allegations he “offered for sale and sold to a ND resident a ‘time certificate of deposit’ purporting to represent an investment in an FDIC insured interest bearing account’” and additionally “misrepresented to the investors that their funds would be deposited with the FDIC member financial institutions represented and instead deposited their funds into accounts owned and controlled by [him] for his own purpose.”

If you or someone you know has lost money investing with Kevin Wanner, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.