FINRA Disciplinary Actions March 2021

Table of Contents

BYRON PAT TREAT (CRD #1466393, AMARILLO, TEXAS)

February26, 2021 – An AWC was issued in which Treat was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Treat consented to the sanction and to the entry of findings that he refused to provide documents and information requested by FINRA during the course of an investigation. The findings stated that Treat was under investigation regarding whether he had reasonably supervised the sale of church bonds at his firm at the time of his refusal to provide necessary documents. (FINRA Case #2019060783602)

KIMBERLY ANN SPRINGSTEEN-ABBOTT (CRD #1367633, DISTRICT OF COLUMBIA)

February26, 2021 – A ruling was handed down from the United States Court of Appeals for the District of Columbia Circuit reaffirming the SEC and FINRA decisions barring Springsteen-Abbott from associating with any FINRA member in all capacities. FINRA had determined that Springsteen-Abbott has misused investor funds and attempted to hide her actions, and therefore barred her from the industry, and the SEC had confirmed FINRA’s decision. In return, Springsteen-Abbott made several constitutional arguments before the Court of Appeals stating that FINRA had violated her rights in its decisions. The Court found that her claims both failed to follow basic court requirements and lacked substance, and dismissed and denied her appeal. (FINRA Case #2011025675501)

RHETT DOUGLAS BEDWELL (CRD #5664392, ROGERS, ARKANSAS)

March 2, 2021 – An AWC was issued in which Bedwell was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Bedwell consented to the sanction and to the entry of findings that he refused to provide documents and information requested by FINRA during the course of an investigation into the details of a Uniform Termination Notice for Securities Industry Registration (Form U5) amendment submitted by his former member firm. The findings stated that the Form U5 disclosed that Bedwell had moved client’s IRA funds to a different administrator and used forged documentation to invest the claimant’s money in a Ponzi scheme. (FINRA Case #2020067764001)

RYAN OWEN TARJANYI (CRD #6065805, GREENSBURG, PENNSYLVANIA)

March 5, 2021 – An AWC was issued in which Tarjanyi was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Tarjanyi consented to the sanction and to the entry of findings that he provided inaccurate information during on-the-record testimony regarding a customer’s execution of an annuity partial withdrawal form. The findings stated that Tarjanyi was under investigation for allegations by his firm regarding customer complaints of forgery and falsification of information on multiple forms. (FINRA Case #2019061943301)

MAYUR T. DALAL (CRD #1853077, NEW HYDE PARK, NEW YORK)

March 9, 2021 – An AWC was issued in which Dalal was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Dalal consented to the sanction and to the entry of findings that he refused to provide on-the-record requested by FINRA during the course of an investigation. The findings stated that Dalal was under investigation by FINRA at the time after his firm terminated him for failing to follow the firm’s policy of disclosing outside business activities and private securities transactions. (FINRA Case #2020065664201)

NEDJEEN BAPTISTE (CRD #6308317, LANTANA, FLORIDA)

March 9, 2021 – An AWC was issued in which Baptiste was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Baptiste consented to the sanction and to the entry of findings that she refused to provide documents and information requested by FINRA during the course of an investigation. The findings stated that Baptiste terminated by her firm after an internal review concluded that she participated in unapproved external business activity. (FINRA Case #2020067705901)

GEORGE MARSHALL WARNER JR. (CRD #2300570, STATEN ISLAND, NEW YORK)

March 9, 2021 – An AWC was issued in which Warner was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Warner consented to the sanction and to the entry of findings that he refused to provide documents and information requested by FINRA during the course of an investigation. The findings stated that Warner had been terminated by his firm after being identified in a customer arbitration as engaging in “selling away,” and FINRA was investigating these claims when he refused to provide further information. (FINRA Case #2020067463101)

ROBERT JUAN ESCOBIO (CRD #703813, MIAMI, FLORIDA)

March 10, 2021 – Escobio appealed a FINRA decision to the National Adjudicatory Council (NAC). FINRA barred Escobio from associating with any FINRA member in any capacity after Escobio failed to respond to five separate information requests by FINRA in the course of an investigation concerning his involvement with a former firm after being statutorily disqualified by a previous district court judgement. Escobio argued that he should not have been required to respond to these requests. The NAC upheld FINRA’s decision to bar Escobio because he did not dispute that he had failed to respond to said requests. (FINRA Case #2018059545201)

ANNE MCCUTCHEON CRIVELLI (CRD #7038473, MIAMI, FLORIDA)

March 12, 2021 – An AWC was issued in which Crivelli was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Crivelli consented to the sanction and to the entry of findings that she refused to provide documents and information requested by FINRA during the course of an investigation. The findings stated that Crivelli refused to provide documents regarding a conversion of funds from a senior customer of her prior firm. (FINRA Case #2020068267501)

COREY ANDREW WHITE (CRD #4537015, WESTLAKE VILLAGE, CALIFORNIA)

March 19, 2021 – An AWC was issued in which White was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, White consented to the sanction and to the entry of findings that he failed to reasonably discharge his responsibilities regarding establishing, maintaining, and enforcing his firm’s supervisory systems and procedures. The findings stated that White was in charge of his firm’s supervisory systems and procedures, including the responsibility to review daily trade blotters and exception reports. White failed to manage those duties and so missed many red flags that many representatives of the firm were excessively trading and recommending qualitatively unsuitable transactions, including ETPs, low-priced securities and options. This led to multiple of the firm’s customers losing money due to excessive trading and risky speculation by these representatives. (FINRA Case #2017054755209)

CHAD T. MACKLAND (CRD #4933804, COUNCIL BLUFF, IOWA)

March 23, 2021 – An AWC was issued in which Mackland was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Mackland consented to the sanction and to the entry of findings that he refused to provide documents and information requested by FINRA during the course of an investigation. The findings stated that FINRA was in the process of investigating Mackland for criminal charges pending against him, including alleged theft and fraudulent sales, when he refused to provide documentation as requested. (FINRA Case #2020065534801)

WILLIAM JAMES NOVACK (CRD #1181334, MONTICELLO, INDIANA)

March 24, 2021 – An AWC was issued in which Novack was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Novack consented to the sanction and to the entry of findings that he refused to appear for on-the-record testimony requested by FINRA during the course of an investigation into the details of a Uniform Termination Notice for Securities Industry Registration (Form U5) amendment submitted by his member firm. The findings stated that Novack refused to appear for testimony regarding the Form U5’s allegation that another registered representative was enabling a barred individual to conduct a securities business. (FINRA Case #2019061887702)

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