Articles Tagged with questar capital corp

AdobeStock_91053286-1-300x194According to a recent FinancialPlanning article, former Woodbury Financial and Questar broker Kevin Wanner will face prison time and forfeiture of assets, including real estate proceeds and his car. Wanner pleaded guilty to mail fraud and money laundering. He allegedly orchestrated a 15-year ponzi scheme involving CDs and investment funds, according to the North Dakota Securities Department. Quester and Woodbury, his former firms, have agreed to pay at least $3 million in restitution. Wanner allegedly had 66 victims, including several of his family members, and is one of the state’s largest ever securities fraud cases. Questar fired Wanner in December 2015 after North Dakota state regulators issued a cease-and-desist order. Questar agreed to a $2.4 million settlement in August. State regulators revoked Wanner’s license in December 2015 after they alleged he did not properly disclose CDs to Questar and depositing the money clients intended for the CDs into accounts controlled by him. He was then barred from the industry by the Financial Industry Regulatory Authority (FINRA) the following month. Wanner allegedly co-mingled his personal and business accounts and spent the money on things like a 2011 Mustang and home renovations.
Wanner was previously registered with Amev Investors, F&G Securities, John Kinnard & Company, Edward Jones, A.G. Edwards, Anchor National Financial Services, SunAmerica Securities, Merrill Lynch, LM Financial Partners, Raymond James, USAllianz Securities, Questar Capital Corp in Bismarck, North Dakota from December 2006 until August 2010, Woodbury Financial Services in Bismarck from August 2010 until December 2012 and Questar Capital Corp in Bismarck from December 2012 until December 2015. He has one customer dispute against him, alleging he defrauded a client out of $200,000, and two regulatory matters. He has been permanently barred from the industry. This is all according to his online, FINRA BrokerCheck report. Please call us today to find out how you may be able to sue Questar or Woodbury in the FINRA arbitration forum on a contingency fee basis if you lost money with Kevin Wanner. His brokerage firm may be liable for losses.

Did you lose money with Jodie L. Miller of Valic Financial Advisors and LPL Financial? If so, the attorneys at Stoltmann Law Offices are interested in speaking with you about those losses. Please call our law offices in Chicago at 312-332-4200 for a free consultation with one of our attorneys. There is no obligation. We may be able to help you bring a claim against Valic Financial and LPL Financial in the Financial Industry Regulatory Authority (FINRA) arbitration forum on a contingency fee basis. Please call today as there is a statute of limitations on many of these cases. Valic Financial and LPL Financial may be responsible for losses with Jodie L. Miller.

According to FINRA, Miller allegedly sold $764,000 worth of notes or “Letters of Protectino” issued by a company called Tri-Med Corporation. Allegedly, Miller earned over $38,000 in commissions for these sales. According to the complaint: “Tri-Med purchased from medical providers, at a discounted rate, outstanding receivables relating to personal injury claims, with the expectation that insurers would pay the entire receivable once the claim was resolved through litigation or settlement.” Miller allegedly did not have approval to sell Tri-Med investments from her brokerage firms, both Valic first, and then LPL Financial. FINRA also alleged that Miller had not reasonable basis to make recommendations of the investments, nor did she do her adequate due diligence. For this, she was ordered to pay a $15,000 fine and was suspended from the industry for 18 months. Tri-Med was accused of being a ponzi scheme, and the Florida Office of Financial Regulation brought a regulatory complaint against the company.

Miller was registered with NYLIfe Securities in Tampa, Florida from June 2004 until March 2008, Questar Capital Corp in St. Petersburg, Florida from March 2008 until November 2008, Valic Financial in Tampa, Florida from May 2009 until September 2012 and LPL Financial in Tampa from September 2012 until January 2013. She has one customer dispute against her and is not currently licensed within the industry, according to her online, public BrokerCheck report with FINRA.

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