FINRA

Without admitting or denying the findings, Keener consented to the sanction and to the entry of findings that he refused to appear for FINRA on-the-record testimony requested in connection with an investigation into potential unsuitable recommendations by him.

Acceptance, Waiver & Consent(AWC)

Bar (Permanent)

all capacities

indefinite

11/12/2019

STATE OF OHIO - DIVISION OF SECURITIES

VIOLATIONS OF O.R.C. 1707.19(A)(4) AND VIOLATIONS OF O.R.C. 1707.19(A)(1). RESPONDENT IS NOT OF GOOD BUSINESS REPUTE AS SET FORTH IN O.R.C. 1707.19(A)(1). SEE ORDER NO. 11-011 FOR ADDITIONAL DETAILS.

Stipulation and Consent

Suspension

ALL CAPACITIES

TEN DAYS

2/18/2011

2/28/2011

FINRA

NASD RULES 2110, 2310, 2510(B), 3110: KENNER MADE UNSUITABLE TRADE RECOMMENDATIONS IN THE ACCOUNTS OF A CUSTOMER. HE RECOMMENDED PURCHASES RESULTING IN AN OVER-CONCENTRATION OF NON-INVESTMENT GRADE BONDS AND OTHER EQUITIES FOR AN OVER 60 YEAR-OLD COUPLE WITH NO PREVIOUS INVESTMENT EXPERIENCE. IN ADDITION, KENNER MISMARKED ORDER TICKETS FOR PURCHASES FOR THESE CUSTOMERS AND OTHER CUSTOMERS AS "UNSOLICITED" WHEN THEY WERE "SOLICITED." FURTHER, KEENER EXERCISED DISCRETION WITH VERBAL, BUT NOT WRITTEN AUTHORIZATION, IN THE ACCOUNTS OF AT LEAST SIX CUSTOMERS. ALTHOUGH KEENER FREQUENTLY SPOKE TO THESE CUSTOMERS, HE DID NOT SPEAK TO THEM EVERY TIME HE ENTERED A TRANSACTION IN THEIR ACCOUNTS. KEENER DID NOT HAVE WRITTEN AUTHORIZATION FROM THESE CUSTOMERS OR FROM HIS MEMBER FIRM TO ENGAGE IN SUCH DISCRETIONARY TRADING.

Acceptance, Waiver & Consent(AWC)

Civil and Administrative Penalty(ies)/Fine(s)

$7,500.00

Suspension

ALL CAPACITIES

TWO MONTHS

8/16/2010

10/15/2010

WITHOUT ADMITTING OR DENYING THE FINDINGS, KEENER CONSENTED TO THE DESCRIBED SANCTIONS AND TO THE ENTRY OF FINDINGS; THEREFORE HE IS FINED $7,500 AND SUSPENDED FROM ASSOCIATION WITH ANY FINRA MEMBER IN ANY CAPACITY FOR TWO MONTHS. THE SUSPENSION IS IN EFFECT AUGUST 16, 2010 THROUGH OCTOBER 15, 2010.

WITHOUT ADMITTING OR DENYING THE FINDINGS, KEENER CONSENTED TO THE DESCRIBED SANCTIONS AND TO THE ENTRY OF FINDINGS; THEREFORE HE IS FINED $7,500 AND SUSPENDED FROM ASSOCIATION WITH ANY FINRA MEMBER IN ANY CAPACITY FOR TWO MONTHS. THE SUSPENSION IS IN EFFECT AUGUST 16, 2010 THROUGH OCTOBER 15, 2010.

STIFEL NICOLAUS

Discharged

UNAUTHORIZED TRADING

CLIENT ALLEGES BROKER DISCRETION IN CONNECTION WITH MANAGEMENT OF HER ACCOUNT. DAMAGES ARE ESTIMATED TO BE $27,250.00

$27,250.00

CLIENT FEELS MONEY WAS PALCED IN UNSUITABLE INVESTMENTS. ALLEGED LOSSES TOTAL #19,160.00.

$19,160.00

$12,000.00

ON 2/3/06 DENIED CUSTOMER COMPLAINT ON 7/19/06 SETTLED CLAIM FOR $12000.00.

CLIENT FEELS THEY WERE MISLEAD ABOUT THE RISKS ASSOCIATED WITH THEIR INVESTMENTS - ALLEGED LOSSED TOTAL $7,907.57

$7,907.57

CLIENT FEELS THAT THEY WERE MISLEAD ABOUT THE RISKS ASSOCIATED WITH THEIR INVESTMENTS - INAPPROPRIATE INVESTMENTS - ALLEGED LOSSES TOTAL $75,744.41

$75,744.41

$33,000.00

ON 2/3/06 DENIED CUSTOMER COMPLAINT ON 8/23/06 SETTLED CLAIM FOR $33,000.00.

CLIENT UPSET ABOUT LOSSES - FEELS INVESTMENTS WERE NOT SUITABLE GIVEN HIS INVESTMENT OBJECTIVES & RISK TOLERANCES. WANTS TO BE REIMBURSED $131,000.00

$131,000.00