Previously registered broker George Warner (also known as George Marshall Warner Jr) allegedly participated in undisclosed private securities transactions which led to his bar from FINRA, according to FINRA’s Letter of Acceptance, Waiver and Consent (AWC), under review by attorney Alan Rosca.
Investor rights attorney Alan Rosca of the Rosca Scarlato LLC law firm and his colleagues are investigating conduct related to broker George Warner’s alleged participation in undisclosed private securities transactions.
Investors who are concerned about their investments with Warner may contact attorney Rosca or his colleagues for a free case evaluation and discussion of potential options, or to provide any useful information by calling 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.
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Warner Barred by FINRA for Failure to Produce Requested Information or Documents
In connection with FINRA’s investigation into Warner’s potential participation in undisclosed private securities transactions, FINRA sent a request to Warner to produce information and documents in December 2020, as alleged in the AWC.
The AWC further alleges Warner acknowledged that he received the request in February 2021 but will not produce the requested information or documents at any time, in violation of FINRA Rules. As a result of Warner’s alleged misconduct, he accepted a sanction which included a bar from associating with any FINRA member in all capacities.
Broker George Warner signed the AWC accepting and consenting to FINRA’s findings, without admitting or denying the findings, and solely for the purposes of the proceeding brought by or on behalf of FINRA, prior to a hearing and without an adjudication of any issue of law or fact.
George Marshall Warner Was Sanctioned by FINRA in the Past
Broker George Marshall Warner was allegedly sanctioned by FINRA in 2017 on allegations of altering various customer documents on at least five occasions after the documents had already been signed by the customers, as reported by a Waiver and Consent form (AWC) reported on Warner’s Brokercheck page.
The AWC further alleges Warner corrected or included the customer’s anticipated liquidity needs, net worth, liquid net worth, and/or annual income on new account forms, alternative investment disclosure forms, and an IRA application.
Warner allegedly caused his firm to preserve and maintain altered books and records as a result of his misconduct. He was also fined $5,000 and suspended for 30 days; from May 1, 2017 through May 30, 2017, as reported in the AWC.
George Warner Facing Allegations of Selling Away
As reported on Warner’s Brokercheck page, a customer filed a dispute with FINRA involving broker George Warner on allegations of selling away. The customer is seeking $100,000 for the alleged damages.
George Warner was Registered with FINRA for 24 Years
Prior to Warner’s bar from FINRA, he was registered with FINRA for 24 years and switched employers ten times.
He was more recently employed with Chelsea Financial Services located in Staten Island, New York from September 2017 until October 2019. Previously, he was employed with Dominion Investor Services from June 2017 through July 2017 and again from March 2017 until April 2017.
He was also employed with IFS Securities located in Rockwall, Texas from December 2014 until March 2017. It is important to note that broker George Warner was permitted to resign from NFP Advisor Services in November 2014 on allegations of correcting client documents after client signatures.
He was also permitted to resign from LPL Financial in June 2013 after working there for ten years, on allegations of obtaining client signatures on blank account transfer forms, as stated on his Brokercheck page.
Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints or allegations mentioned in this article, unless otherwise indicated. Any reader should also read the original sources hyperlinked in this blog for accuracy, including any BrokerCheck report and/or record of any disciplinary or regulatory action. Those sources are incorporated by reference into the text of this blog, and are the governing materials in case of any inconsistencies or typos in this blog.
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Potential Options for George Warner Investors
The investor attorneys of the Rosca Scarlato LLC law firm often advise and represent investors who are victims of broker misconduct and they are currently investigating the allegations against George Warner of participating in undisclosed private securities transactions.
The firm takes most cases of this type on a contingency fee basis and advances the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, has represented thousands of victimized investors in cases ranging from arbitrations to class actions.
Investors who are concerned about their investment with broker George Warner may contact attorney Alan Rosca or his colleagues for a free, no-obligation case evaluation by calling 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.