FINRA

Without admitting or denying the findings, Brunner consented to the sanction and to the entry of findings that he declined to appear for on-the-record testimony requested by FINRA in connection with an ongoing FINRA examination. The findings stated that FINRA sent the request to Brunner in connection with an investigation into, among other things, possible excessive trading and use of discretion without written authorization in customers' accounts while he was associated with a FINRA member firm.

Acceptance, Waiver & Consent(AWC)

Bar (Permanent)

All capacities

Indefinite

4/6/2018

CLAIMANT ALLEGES NEGLIGENCE, BREACH OF FIDUCIARY DUTY AND CONTRACT, CHURNING, UNAUTHORIZED TRADING AND SUITABILITY OF A CORPORATE ACCOUNT. 3/2105 - 3/2017

$1,000,000.00

$200,000.00

RR DENIES CUSTOMER'S ALLEGATIONS.

INVESTMENT PLANNERS, INC.

Voluntary Resignation

FIRM RECEIVED ITS CYCLE EXAM REPORT ON 5/9/17 AND ALLEGATIONS WERE MADE BY A CLIENT OF USE OF DISCRETION. FIRM REQUESTED PHONE RECORDS AND WRITTEN RESPONSE FROM RR. RR SENT LETTER OF RESIGNATION ON 5/12/17.

CLIENT ALLEGED UNSUITABILITY, TRADING AGAINST INVESTMENT OBJECTIVES AND BREACH OF FIDUCIARY DUTY

$250,000.00

CLIENT SIGNED NEW ACCOUNT DOCUMENTS THAT CLEARLY STATED PRIMARY INVESTMENT OBJECTIVE WAS SPECULATION AND HIS RISK PROFILE WAS AGGRESSIVE, AND CLIENT MADE HANDWRITTEN CORRECTIONS THAT WOULD UNDERMINE ANY CONTENTION THAT HE DID NOT READ THE DOCUMENT. I TOLD CLIENT THAT IF THE VOLATILITY WAS TOO MUCH HE COULD SIMPLY SELL THE STOCKS.

CLAIMANT ALLEGES THAT HE SUSTAINED LOSSES FROM UNSUITABLE INVESTMENTS, UNAUHTORIZED TRADING AND CHURNING. DAMAGES ARE UNSPECIFIED.

$99,500.00

NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.

ON NOVEMBER 13, 1998, DISTRICT NO. 3 NOTIFIED RESPONDENT WILLIAM G. BRUNNER THAT THE LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. C3A980057 WAS ACCEPTED; THEREFORE, HE IS CENSURED, FINED $20,000, SUSPENDED FROM ASSOCIATION WITH ANY NASD MEMBER IN ANY CAPACITY FOR 30 DAYS, REQUIRED TO REQUALIFY AS A GENERAL SECURITIES REPRESENTATIVE, AND PRIOR TO ASSOCIATING WITH A MEMBER FIRM, REQUIRED TO DEMONSTRATE THAT RESTITUTION HAS BEEN MADE TO A PUBLIC CUSTOMER IN THE AMOUNT OF $24,781.25, OR THAT HE HAS PAID TO THE CUSTOMER SUCH AMOUNT AS HAS BEEN DETERMINED IN AN ARBITRATION OR OTHER PROCEEDING OR SETTLEMENT TO BE OWED BY RESPONDENT TO THE CUSTOMER. THE FINE AMOUNT SHALL BE REDUCED, DOLLAR FOR DOLLAR, BY THE AMOUNT OF ANY RESTITUTION PAYMENTS MADE TO THE CUSTOMER. HOWEVER, THE FINE SHALL NOT BE REDUCED LESS THAN $10,000 - (NASD RULES 2110 AND 2120 - RESPONDENT BRUNNER MADE MATERIAL MISREPRESENTATIONS AND OMITTED TO DISCLOSE MATERIAL FACTS IN CONNECTION WITH HIS RECOMMENDATIONS OF SECURITIES TO PUBLIC CUSTOMERS; MADE FRAUDULENT PRICE PREDICTIONS IN CONNECTION WITH HIS RECOMMENDATIONS OF SECURITIES; AND, FAILED TO EXECUTE A SELL ORDER). THE SUSPENSION WILL COMMENCE WITH THE OPENING OF BUSINESS ON DECEMBER 21, 1998, AND WILL CONCLUDE AT THE CLOSE OF BUSINESS

Acceptance, Waiver & Consent(AWC)

Monetary/Fine

$20,000.00

Disgorgement/Restitution

Censure

Suspension

09-26-00, $20,000 PAID IN FULL AS OF 5/04/00, INVOICE 98-3A-944

AT THE TIME OF THE ALLEGED EVENT, I WAS A YOUNG INEXPERIENCED ROOKIE. THE ONLY BROKERAGE FIRM I HAD EVER WORKED AT WAS STERLING FOSTER. TODAY I AM NOW MORE KNOWLEDGEABLE AS TO THE PROPER COURSE OF CONDUCT BY A BROKER DEALER AS WELL AS A REGISTERED REPRESENTATIVE. MY INCREASED EXPERIENCE AND THE EXPERIENCE OF THE AWC WILL CERTAINLY PREVENT FUTURE MISCOMMUNICATION AND MISUNDERSTANDING WITH CUSTOMERS.

FAILURE TO EXECUTE TRADES ALLEGED DAMAGES OF $5000.00

$5,000.00

$7,597.00

PAYMENT OF $4549.00 FINE OF $2,807.02 WAS SENT ON 9-15-97 TO CUSTOMER. WHILE I BELIEVE THE LAWS OF JURISDICTION CLEARLY DISFAVOR THE AWARD OF PUNITIVE DAMAGES IN ARBITRATIONS, I HAVE CHOSEN TO PAY MY PROPORTIONATE SHARE OF THE PUNITIVE AWARD TO CLAIMANTS AS MY GREATEST CONCERN IS MAINTAINING THE INTEGRITY OF MY LICENSE. A CHECK FOR $1741.98 WAS SENT FEDERAL EXPRESS ON 4/13/98