In December 2015, we posted a blog regarding our investigation of former Questar Capital Corporation broker Kevin D. Wanner (CRD# 1402627). In the blog, we discussed how the North Dakota Securities Department issued a cease and desist order against Wanner. Now, Wanner has submitted a Letter of Acceptance, Waiver, and Consent pursuant to the Financial Industry Regulatory Authority (FINRA) Rule 9216.
According the AWC, Wanner failed to provide FINRA with the appropriate documents and information requested. He is also accused of failing to appear for testimony in response to letters issued pursuant to FINRA Rule 8210.
The investigation began after the North Dakota Securities Department’s cease and desist order claiming allegations that Wanner offered and sold a time certificate of deposit to a North Dakota resident. He allegedly misrepresented the use of the funds to the investors stating that they would be deposited with the represented FDIC member financial institutions. Instead, he is accused of depositing the funds into his own personal accounts to use for his expenses.
FINRA’s investigations into the matter resulted in a request for documents and information from Wanner, as well as a request to appear for an on-the-record testimony. When Wanner allegedly failed to follow through by the scheduled dates, he was in violation of FINRA Rules 8210 and 2010.
As a result of the AWC, signed and accepted on January 11, 2016, Wanner has been barred from associating with any FINRA member in all capacities.
If you invested and lost money with Kevin D. Wanner, contact our firm. Our securities fraud attorneys at Meyer Wilson are currently pursuing legal action to help victims of Kevin D. Wanner recover their losses. Schedule your free consultation with our firm today and learn how we can help you.