According to FINRA’s Disciplinary and Other FINRA Actions publication, Wendy Ann Wurst aka Wendy Ann Minerd, Wendy A Minero and Wendy Ann Minero (CRD No. 1902879) was fined $50,000.00 and suspended from associating with any FINRA member for three months, and suspended in any principal capacity for six months, after allegedly failing to reasonably supervise her firm’s registered representative’s involvement with three outside business that operated as unregistered broker-dealers.
FINRA alleged that as the CCO and registered principal Wurst failed to reasonably supervise a registered representative’s activities. As such, FINRA alleged that the registered representative effectuated securities transactions for compensation away from the firm through entities that were not registered as broker-dealers.
Furthermore, FINRA alleged that Wurst made misleading and inaccurate statements concerning the unregistered broker-dealers to corporate bond dealers in connections with the opening of certain delivery-versus-payment brokerage accounts for the unregistered broker-dealers. (See FINRA AWC No. 2012033514202)
Wendy Ann Wurst’s suspension in any capacity is in effect from March 2, 2015 to June 1, 2015 and her suspension in any principal capacity is in effect from March 2, 2015 to September 1, 2015. Wurst has been an active broker for 21 years with the following member firm(s):
PMK SECURITIES & RESEARCH, INC.
CRD # 40145
DELRAY BEACH, FL
11/2003 – 5/2014
STANFORD GROUP COMPANY
CRD # 39285
HOUSTON, TX
8/2003 – 11/2003
STERLING FINANCIAL INVESTMENT GROUP, INC.
CRD # 41506
BOCA RATON, FL
6/2002 – 8/2003
FINRA EXPELLED THE FIRM IN 1/2008
PMK SECURITIES & RESEARCH, INC.
CRD # 40145
DELRAY BEACH, FL
3/2000 – 7/2002
DMG SECURITIES, INC.
CRD # 15480
GREAT FALLS, VA
5/1994 – 3/2000
JWGENESIS SECURITIES, INC.
CRD # 33832
BOCA RATON, FL
7/1998 – 3/2000
JWGENESIS FINANCIAL SERVICES, INC.
CRD # 11025
ST. LOUIS, MO
1/1994 – 3/2000
JWGENESIS FINANCIAL GROUP, INC.
CRD # 38166
BOCA RATON, FL
2/1999 – 3/2000
GSG SECURITIES, INC.
CRD # 38166
BOCA RATON, FL
4/1995 – 12/1998
STOWE INVESTMENT COMPANY
CRD # 8528
WINTER HAVEN, FL
3/1995 – 3/1995
If you have suffered investment losses as a result of your broker’s or brokerage firm’s misconduct, contact the Hanley Law to discuss your legal options. The Hanley Law is dedicated to helping investors who have been victims of securities fraud. If you have lost money as a result of securities fraud, you may be entitled to recover your investment losses. Contact our office toll free at (239) 649-0050 for a free initial consultation.