Kevin Wanner Barred By FINRA Over CD Sales

Kevin Wanner Barred from securities industry

In March, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Kevin Wanner of Bismarck, North Dakota, formerly with Questar Capital of Bismarck, ND was barred from association with any FINRA member in any capacity as a result of his failure to cooperate with FINRA into their investigation into his termination from Questar.  The North Dakota Securities Department had previously issued a cease and desist order regarding Wanner’s purported sale of a certificate of deposit to a customer.  The findings stated that Wanner misrepresented to the customer that the funds would be invested in an FDIC insured CD, but instead Wanner deposited the funds into his own account.  In December, 2015 the North Dakota Securities Department revoked Wanner’s registration.

Registration and disciplinary history

In order to lawfully sell investments to the public,  a registered rep must either be registered or exempt from registration.  Kevin Wanner was registered with:

12/2012 – 12/2015
QUESTAR CAPITAL CORPORATION
08/2010 – 12/2012
WOODBURY FINANCIAL SERVICES, INC.
12/2006 – 08/2010
QUESTAR CAPITAL CORPORATION

According to FINRA’s CRD disclosure report, Kevin Wanner has been the subject of one customer complaint and two regulatory investigations.

The Law Office of David Liebrader practices exclusively in the field of investment loss recovery.  For the past 23 years, we have dedicated our law practice to assisting investors who have been victims of investment fraud via fraudulent and unsuitable investment transactions.  During that time we have recovered money for over one thousand individuals, pension plans, trusts and companies.  The recoveries we have obtained via judgments, awards and settlements on behalf of our clients exceed $40,000,000.

When investors contact our firm they can expect prompt attention, and a detailed analysis of their issues.  Typical claims that we are asked to review  involve “unsuitability (where a financial advisor makes investment recommendations that are inconsistent with a customer’s investment objectives), claims for “churning” (where a broker enters into an excessive number of trades for the purpose of generating commissions), claims involving illiquid investments such as private placements (I.e., real estate investment trusts, limited partnerships, equipment leasing and oil and gas drilling programs) as well as claims for violations of state securities laws, which often provide investors remedies like attorney’s fees and interest, if they are successful on the claim.

If you suspect that you have been the victim of investment fraud, or had a financial advisor recommend unsuitable investments to you, call us today for a free, confidential consultation at (702) 380-3131.