Two Firms Ordered To Pay for Broker Kevin Wanner Misconduct

The Financial Industry Regulatory Authority (FINRA) has ordered two firms, Woodbury Financial Services and Questar Capital Corp, to pay $600,000 and $2.4 million respectively, to investors who were bilked out of money by former broker Kevin Wanner. FINRA accused Wanner of taking money from 66 investors over 15 years. He has reached a plea agreement in federal court on charges of mail fraud and money laundering. Mr. Wanner was barred from the industry, and has one customer dispute against him, alleging fraud. This is according to his public, online BrokerCheck report with FINRA. Kevin Wanner was previously registered with Amev Investors, F&G Securities, John G. Kinnard & Co., 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 in Bismarck from December 2012 until December 2015. He has been permanently barred from the industry.

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