The North Dakota Securities Department
issued a cease and desist order against former Questar Capital Corporation broker Kevin D. Wanner (CRD# 1402627).
According to the order, Wanner allegedly offered and sold North Dakota
residents certificates of deposit, telling the investors that their funds
would be used to invest in the FDIC member financial institutions, but
instead supposedly put the money in his own accounts for personal use.
The order states that Wanner allegedly operates under the business name
Precision Financial Services as well.
The Commissioner’s employees attempted to verify the certificates
of deposit, but banks and financial institutions that were listed on the
certificates claimed the account numbers did not match their account number
formats. It was determined that the certificates were fraudulent, and
Wanner allegedly violated numerous securities laws. The cease and desist
order stops Wanner from transacting, soliciting, or engaging in the insurance
business with North Dakota residents.
If you lost money with Kevin D. Wanner, contact Meyer Wilson. Our securities
fraud lawyers can meet with you in a
free consultation and determine if you have claim.