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WHILE EMPLOYED AS A REGISTERED BROKER-DEALER
AGENT AT FIRST AMERICAN NATIONAL SECURITIES, INC. ("FANS")
YOUNG SOLICITED THE GENERAL PUBLIC THROUGH A YELLOW PAGE AD IN
THE LINCOLN, NE. PHONEBOOK IN DECEMBER OF 1991 FOR THE PURCHASE
OR SALE OF SECURITIES THROUGH PRIMERICA FINANCIAL SERVICES,
INC. ("PFS") A RELATED CORPORATION OF FANS. PFS WAS NOT
REGISTERED IN NEBRASKA AS A BROKER- DEALER AND YOUNG WAS NOT
REGISTERED AS A BROKER-DEALER AGENT OF PFS AT THE TIME THE AD
WAS RUNNING.
Resolution
Order
Sanctions
Monetary/Fine
Amount
$250.00
Sanction Details
YOUNG VIOLATED THE SECURITIES ACT OF NEBRASKA
("ACT') BY USING THE YELLOW PAGE AD TO SOLICIT THE PUBLIC WHEN
NEITHER THE COMPANY, PFS, NOR YOUNG WERE PROPERLY REGISTERED
WITH THE STATE OF NEBRASKA. SHE WAS FINED $250 AND ORDERED TO
TAKE NECESSARY STEPS TO ENSURE COMPLIANCE WITH THE ACT.
Broker Comment
SEE ABOVE
2/15/1975
Criminal
Final Disposition
Broker Comment
ON 6/24/72, WEMHOFF WAS ARRESTED AND FINED FOR
SHOPLIFTING A BLOUSE FROM A FRIEND'S HOME. ON 2/15/75, WEMHOFF
WAS ARRESTED AND CHARGED WITH POSSESSION OF MARIJUANA. CHARGE
WAS REDUCED TO DISTRUBING THE PEACE WITH 3 MONTHS PROBATION.
6/24/1972
Criminal
Final Disposition
Broker Comment
ON 6/24/72, WEMHOFF WAS ARRESTED AND FINED FOR
SHOPLIFTING A BLOUSE FROM A FRIEND'S HOME. ON 2/15/75, WEMHOFF
WAS ARRESTED AND CHARGED WITH POSSESSION OF MARIJUANA. CHARGE
WAS REDUCED TO DISTRUBING THE PEACE WITH 3 MONTHS PROBATION.
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Disclosures
Disclosures can be customer complaints or arbitrations, regulatory actions, employment terminations, bankruptcy filings and certain civil or criminal proceedings that they were a part of.
Disclosures can be customer complaints or arbitrations, regulatory actions, employment terminations, bankruptcy filings and certain civil or criminal proceedings that they were a part of.