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Articles Posted in FINRA Disciplinary Actions

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According to FINRA Disciplinary actions for November 2023, the following individuals were suspended from FINRA and cannot currently work for a FINRA brokerage firm for failing to provide FINRA with information it requested or to keep information current with FINRA pursuant to FINRA rules. However, these individuals remain bound by the securities arbitration agreement to arbitrate any disputes between themselves and their former customers:

NAME FORMER EMPLOYERS
  David Funes   Realized Financial, Inc.
  Wealthforge Securities, LLC
  Sebastian Puznowski   Equitable Advisors, LLC
  Richard Webb   Park Avenue Securities LLC

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According to FINRA Disciplinary actions for November 2023, the following individuals were suspended from FINRA for failing to comply with a FINRA arbitration award or settlement agreement pursuant to FINRA rules:

NAME FORMER EMPLOYERS
  Patrick Cavanagh   Spartan Capital securities, LLC
  National Securities Corporation
  Michael Digioia   Lampost Capital, L.C.
  Arive Capital Markets
  Dan Droeg   United Planners’ Financial Services of America
  Sagepoint Financial, Inc.
  Thomas McDevitt   Ameriprise Financial Services, Inc.
  Merrill Lynch, Pierce, Fenner & Smith Incorporated
  Louis Pellegriti   Spartan Capital Securities, LLC
  Worden Capital Management LLC
  Jorge Sarria   Morgan Stanley
  Merrill Lynch, Pierce, Fenner & Smith Incorporated
  Daniel Snodgrass   BCG Securities, Inc.
  UBS Financial Services Inc.
  Kevin Springstead   Craft Capital Management LLC
  Arive Capital Markets
  Terry Tzagarakis   Arive Capital Markets
  Worden Capital Management LLC
  Jamie Worden   Worden Capital Management LLC
  Salomon Whitney LLC

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Shane Wilhelm (Shane Collins Wilhelm CRD# 4803933) is a former registered broker and investment advisor last employed with Fortune Financial Services, Inc. (CRD# 42150) of Moneta, VA. His previous employers include Truist Investment Services, Inc. (CRD#:17499), BB&T Securities, LLC (CRD# 142785), and Scott & Stringfellow, LLC (CRD# 6255) all of Roanoke, VA. He has been in the industry since 2004. FINRA recently barred Wilhelm following an investigation in which he failed to respond to the agency’s request for information. He was barred indefinitely on 9/5/2023. No additional information is available.Shane Wilhelm (Shane Collins Wilhelm CRD# 4803933) is a former registered broker and investment advisor last employed with Fortune Financial Services, Inc. (CRD# 42150) of Moneta, VA. His previous employers include Truist Investment Services, Inc. (CRD#:17499), BB&T Securities, LLC (CRD# 142785), and Scott & Stringfellow, LLC (CRD# 6255) all of Roanoke, VA. He has been in the industry since 2004. Continue reading ›

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Scott Matalon (Scott Jay Matalon CRD# 4637378) is a former registered broker and investment advisor whose last known employer was RBC Capital Markets, LLC (CRD# 31194) of Jericho, NY. His previous employers include Ameriprise Financial Services, Inc. (CRD# 6363) of New York, NY, National Securities Corporation (CRD# 7569) of Westbury, NY, and Gilford Securities Incorporated (CRD# 8076) of Melville, NY. He has been in the industry since 2003. FINRA initiated a review of a customer claim filed against Ameriprise during Matalon’s employment with the firm, from 05/31/2013 through 08/16/2019. FINRA sent Matalon a letter on April 6, 2023, requesting Matalon produce documents and information related to the investigation.Scott Matalon (Scott Jay Matalon CRD# 4637378) is a former registered broker and investment advisor whose last known employer was RBC Capital Markets, LLC (CRD# 31194) of Jericho, NY. His previous employers include Ameriprise Financial Services, Inc. (CRD# 6363) of New York, NY, National Securities Corporation (CRD# 7569) of Westbury, NY, and Gilford Securities Incorporated (CRD# 8076) of Melville, NY. He has been in the industry since 2003. Continue reading ›

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D. Wray Rodgers (CRD# 2842993, aka, “D Wray Rodgers,” “D. Ray Rodgers,” and Wray Rodgers”) is a former registered broker last employed with Vining-Sparks IBG, LLC (CRD# 27502) and previously employed with ICBA Securities (CRD# 24088), both of Memphis, TN. He has been in the industry since 1997. On 5/20/2022, Vining-Sparks filed a Uniform Termination Notice for Securities Industry Registration (Form US) disclosing that Rodgers voluntarily terminated his association with the firm. FINRA then commenced a review into the termination, and requested Rodgers submit documents and information to support that review.D. Wray Rodgers (CRD# 2842993, aka, “D Wray Rodgers,” “D. Ray Rodgers,” and Wray Rodgers”) is a former registered broker last employed with Vining-Sparks IBG, LLC (CRD# 27502) and previously employed with ICBA Securities (CRD# 24088), both of Memphis, TN. He has been in the industry since 1997. Continue reading ›

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Leslie Jackson (Leslie Don Jackson CRD# 2176917) is a previously registered broker and investment advisor last employed with Momentum Independent Network Inc. (CRD# 17587), of Dallas Texas, where he spent his entire 31-year career. He began in the industry at Momentum in 1991. Momentum discharged Jackson on 12/9/2022 and filed a Uniform Termination Notice for Securities Industry Registration (Form U5) on January 6, 2023. In it, Momentum listed the reason for his termination as “violation of firm policy.” No additional information was listed.  Leslie Jackson (Leslie Don Jackson CRD# 2176917) is a previously registered broker and investment advisor last employed with Momentum Independent Network Inc. (CRD# 17587), of Dallas Texas, where he spent his entire 31-year career. He began in the industry at Momentum in 1991. Continue reading ›

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Jose Candelario (Jose Manuel Candelario Padilla CRD# 4847560) is a previously registered broker and investment advisor last registered with Nationwide Planning Associates Inc. (CRD# 31029) of Hato Rey, PR. His previous employers included Oriental Financial Services Corp. (CRD# 29753) of Ponce, PR, Samuel A Ramirez & Co., Inc. (CRD# 6963) of Hato Rey, PR, and R-G Investments Corporation (CRD# 113293) of San Juan, PR. No current employment or registration information is available. He has been in the business since 2004. Padilla is the subject of 49 disclosures dating back to 2006, 47 of which are customer disputes.  Jose Candelario (Jose Manuel Candelario Padilla CRD# 4847560) is a previously registered broker and investment advisor last registered with Nationwide Planning Associates Inc. (CRD# 31029) of Hato Rey, PR. His previous employers included Oriental Financial Services Corp. (CRD# 29753) of Ponce, PR, Samuel A Ramirez & Co., Inc. (CRD# 6963) of Hato Rey, PR, and R-G Investments Corporation (CRD# 113293) of San Juan, PR. Continue reading ›

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John Terzis (John Nicholas Terzis CRD# 1805020) is a previously registered broker and investment advisor last employed with LPL Financial LLC (CRD# 6413) of Skokie, IL. His previous employers include IFMG Securities, Inc. (CRD#:14416), also of Skokie, Raymond James Financial Services, Inc. (CRD# 6694) of Glenview, IL, and Vision Investment Services, Inc. (CRD# 46609) of Rosemont, IL. No current employment information is available. He has been in the industry since 1988. John Terzis allegedly borrowed $200,000 from a 69-year-old client who was in ill health without notifying his employer, LPL Financial. The firm had a written policy in place regarding broker-client loans. He assisted the client in transferring funds from her brokerage account to her checking account. He provided a ten-year promissory note in exchange in December of 2019. Additionally, in a compliance questionnaire from October 2020, Terzis answered that he had not solicited loan funds from any clients, nor had he issued or participated in any promissory notes outside of the firm.John Terzis (John Nicholas Terzis CRD# 1805020) is a previously registered broker and investment advisor last employed with LPL Financial LLC (CRD# 6413) of Skokie, IL. His previous employers include IFMG Securities, Inc. (CRD#:14416), also of Skokie, Raymond James Financial Services, Inc. (CRD# 6694) of Glenview, IL, and Vision Investment Services, Inc. (CRD# 46609) of Rosemont, IL. No current employment information is available. He has been in the industry since 1988. Continue reading ›

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Brian Wurdemann (Brian M. Wurdemann CRD#4206425) is a former registered broker and investment advisor whose last known employer was RBC Capital Markets, LLC (CRD# 31194) of New York, NY. His previous employers include UBS Financial Services Inc. (CRD# 8174) of Paramus, NJ, Morgan Stanley Smith Barney (CRD# 149777) and Citigroup Global Markets Inc. (CRD# 7059), also of New York City.  He has been in the industry since 2000. In a FINRA arbitration action with RBC Capital Markets, the firm alleged that Wurdemann failed to repay a promissory note he entered into with the firm. The action requires Wurdemann to repay RBC in accordance with the note, which includes: $1,488,650.12, plus interest at an annual rate of 0.58% per annum ($23.65 per diem) Collection costs and expenses including reasonable attorneys’ fees “Any further relief as deemed fair and just”Brian Wurdemann (Brian M. Wurdemann CRD# 4206425) is a former registered broker and investment advisor whose last known employer was RBC Capital Markets, LLC (CRD# 31194) of New York, NY. His previous employers include UBS Financial Services Inc. (CRD# 8174) of Paramus, NJ, Morgan Stanley Smith Barney (CRD# 149777) and Citigroup Global Markets Inc. (CRD# 7059), also of New York City.  He has been in the industry since 2000. Continue reading ›

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