Ian Pike noon, Dec. 8
SD Firm, Individuals Disciplined
The Financial Industry Regulatory Authority (FINRA) has hit San Diego penny-stock peddler World Trade Financial Corp. with a disciplinary action for selling a thinly traded penny without a registration statement in effect. Brokers Frank Brickell and Rodney Michel were fined and suspended 30 days. Supervisor Jason Adams knew that Brickell was selling unregistered shares to customers with known ties to stock promoters, said FINRA.
FINRA also suspended Frederick Bothner of Carlsbad for a year. He will pay a $10,000 fine. Without admitting or denying FINRA's findings, Bothner consented to sanctions that he improperly requested and in some cases permitted another person associated with his firm to complete online courses for him.
The California Board of Accountancy put Brian Agnor on probation for three years. He had failed to report to the association that in 2010 he had a misdemeanor conviction for indecent exposure. The next year he was convicted of reckless driving with measurable blood alcohol.
More like this:
- FINRA disciplines six area customers' representatives — Sept. 17, 2013
- Carlsbad broker suspended, fined for trust activity — May 17, 2013
- FINRA disciplines two brokers — Feb. 12, 2013
- Penny Stock Brokerage Disciplined — Feb. 8, 2012
- Broker Banned for Churning Teenager's Account — Jan. 31, 2012