According to FINRA’s March 2016 Disciplinary Report, Kevin Donald 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. The findings stated that in Wanner’s Form U5 stated that he had been discharged after the North Dakota Securities Department issued a cease and desist order alleging that he “offered for sale and sold to a North Dakota resident a ‘time certificate of deposit’ purporting to represent an investment in an Federal Deposit Insurance Corporation (FDIC)-insured interest bearing account” and “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.”
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.
The foregoing information, which is all publicly available on FINRA’s website, is being provided by The White Law Group.
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