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The Financial Industry Regulatory Authority (FINRA) has disciplined six San Diego County customers' representatives.

Ian Christopher Belderes of Del Mar was fined $5000 and suspended six months for failing to report in timely fashion that he had been charged with two counts of felony criminal violations of the California Health and Safety Code; Wade Harlow Bradley of Carlsbad was fined $7500 and suspended six months for breaking rules selling stock in a company selling a motion picture;

Steven Paul Capozza of Rancho Santa Fe was fined $7500 and suspended one year for making transactions when his firm did not meet minimum capital requirements resulting from improper accounting; Matthew Francis Deline of Encinitas was barred from the industry for failure to appear for an interview;

Timothy Hamilton Jobe of Escondido was fined $5000 and suspended 60 days for lending $330,000 to a customer to purchase a residence, and Gary Aquino Ladrido of San Diego was suspended for failure to comply with an arbitration award or settlement agreement and not responding to FINRA questions.

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Comments

Burwell Sept. 17, 2013 @ 11:54 p.m.

The SDSU College of Business offers undergraduate and graduate degrees in financial planning. In my opinion, financial planning and selling investment advice is not an ethical or honest pursuit. Selling and marketing investment products on a commission basis is sleazy and scummy. Most of these investment products use investor money to generate phony investment returns for three or four years and then the investment collapses and the investor loses all. Look at the fiasco with non-traded REITs and the Tenants-In-Common investment scams. I object to SDSU using my tax dollars to fund what amounts to little more than a training program for white collar criminals. I want SDSU to eliminate financial planning from the business school curricula.

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Don Bauder Sept. 18, 2013 @ 8:43 p.m.

Burwell: I hardly think all stockholders and financial planners are corrupt. However, far too many of them of them are out for their own commissions and not their customers' interests.

Peddling non-traded REITs is an example -- high commissions to the broker but lousy returns to the investor. Best, Don Buader

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