Zachary Scott Wagner barred from FINRA for potential misuse of Customer Funds

Zachary Scott Wagner (CRD #6694074, Gilbert, Arizona)

“January 21, 2020 – An AWC was issued in which Wagner was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Wagner consented to the sanction and to the entry of findings that he failed to provide on-the-record testimony requested by FINRA in connection with its investigation into his potential misuse of customer funds and involvement in an undisclosed outside business activity.

The findings stated that Wagner’s member firm filed a Form U5 reporting that he had been terminated for failing to provide accurate information during the pre-hire process. Subsequently, Warner associated with another firm that filed a Form U5 terminating him and reporting that he had potentially used a client’s funds for personal use, and made misrepresentations about the client’s accounts, while employed by that firm. (FINRA Case#2018060065701)”

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Financial Industry Regulatory Authority, Inc. (FINRA) is an independent, non-governmental regulator who oversees the people and firms that sell stocks, bonds, mutual funds and other securities to the public in the United States. They are authorized by Congress to protect investors. They do this by making sure the securities industry operates fairly and honestly with the public.