EDWARD ALLEN MANTANONA - Investment Adviser

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Detailed ReportReport

EDWARD ALLEN MANTANONA

EDWARD A MANTANONA

CRD#: 4455860

Previous Investment Adviser

Previous Broker

BARRED BY FINRA OR THE SEC

FINRA has barred this individual from acting as a broker or otherwise associating with a broker-dealer firm.

The representative was previously registered both as an investment adviser and as a broker. Visit BrokerCheck for more information on this individual's Broker record. Go to BrokerCheck Site

Licenses

Licenses

0 Licenses

Registration History

Disclosure(s)

View By:

11/17/2011

Regulatory

Final

Initiated By

FINRA

Allegations

FINRA RULES 2010 AND 8210, NASD RULES 2110, 2370: BETWEEN SEPTEMBER 2006 AND FEBRUARY 2008 MANTANONA BORROWED A TOTAL OF $90,000 FROM A CUSTOMER WITHOUT DISCLOSING THE LOANS TO HIS MEMBER FIRM. MANTANONA SOLICITED AND RECEIVED LOANS FROM A CUSTOMER ON TWO SEPARATE OCCASIONS. THE FIRST LOAN FOR $30,000 WAS REPAID IN THE FULL AMOUNT, PLUS INTEREST. MANTANONA SOLICITED AND RECEIVED AN ADDITIONAL $60,000 LOAN AND SIGNED A PROMISSORY NOTE REPRESENTING THE TERMS OF THE LOAN. MANTANONA FAILED TO REPAY THE $60,000 LOAN WITH INTEREST AS REQUIRED IN THE PROMISSORY NOTE AND THE BALANCE REMAINS OUTSTANDING. RESPONDENT FAILED TO INFORM HIS FIRM OF THE LOANS AND OBTAIN THE FIRM'S APPROVAL. MANTANONA FALSELY COMPLETED HIS FIRM'S ANNUAL QUESTIONNAIRES BY MISREPRESENTING THAT HE HAD NOT RECEIVED LOANS FROM CUSTOMERS. MANTANONA FAILED TO RESPOND TO FINRA REQUESTS FOR INFORMATION.

Resolution

Decision

Bar

Bar (Permanent)

Registration Capacities Affected

All Capacities

Start Date

5/30/2012

Sanctions

Restitution

Amount

$60,000.00

Regulator Statement

DEFAULT DECISION RENDERED APRIL 27, 2012 WHEREIN MANTANONA WAS SEPARATELY BARRED FROM ASSOCIATING WITH ANY FINRA-REGISTERED FIRM IN ANY CAPACITY. IN ADDITION, MANTANONA WAS ORDERED TO PAY RESTITUTION TO A CUSTOMER IN THE PRINCIPAL SUM OF $60,000, PLUS INTEREST. MAY 2, 2012: AMENDED DEFAULT DECISION RENDERED MAY 2, 2012 WHEREIN MANTANONA WAS SEPARATELY BARRED FROM ASSOCIATING WITH ANY FINRA-REGISTERED FIRM IN ANY CAPACITY FOR BORROWING FROM A CUSTOMER, IN VIOLATION OF NASD RULES 2370 AND 2110, MAKING MISREPRESENTATIONS TO HIS FIRM, IN VIOLATION OF NASD RULE 2110, AND FAILING TO PROVIDE INFORMATION, IN VIOLATION OF FINRA RULES 8210 AND 2010. IN ADDITION, MANTANONA WAS ORDERED TO PAY RESTITUTION TO A CUSTOMER IN THE PRINCIPAL SUM OF $60,000, PLUS INTEREST. MANTANONA BORROWED A TOTAL OF $90,000 FROM A CUSTOMER WITHOUT HIS MEMBER FIRM'S PRIOR WRITTEN APPROVAL AND IN VIOLATION OF THE FIRM'S WRITTEN PROCEDURES THAT PROHIBITED SUCH LOANS. MANTANONA SOLICITED AND RECEIVED THE LOANS FROM A CUSTOMER ON TWO SEPARATE OCCASIONS. THE FIRST LOAN FOR $30,000 WAS REPAID. MANTANONA SOLICITED AND RECEIVED AN ADDITIONAL $60,000 LOAN FROM THE CUSTOMER AT AN AGREED INTEREST RATE AND HE SIGNED A PROMISSORY NOTE REPRESENTING THE TERMS OF THIS LOAN. MANTANONA FAILED TO REPAY THE $60,000 LOAN AS REQUIRED BY THE PROMISSORY NOTE. THE ENTIRE BALANCE OF THE SECOND LOAN REMAINS UNPAID. MANTANONA FALSELY REPRESENTED ON THE FIRM'S ANNUAL QUESTIONNAIRES THAT HE HAD NOT RECEIVED LOANS FROM CUSTOMERS. MANTANONA FAILED TO RESPOND TO FINRA REQUESTS FOR INFORMATION AND DOCUMENTS. THE DECISION BECAME FINAL MAY 30, 2012.

Previous Registration(s)

th hidden text	th hidden text	Name	Location
IA	01/17/2008 - 12/21/2009	EDWARD JONES (CRD#:250)	SALADO, TX

EDWARD JONES (CRD#:250)

SALADO, TX

01/17/2008 - 12/21/2009

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Investment Adviser

An investment adviser is paid for providing advice about securities to clients. In addition, some investment advisers manage investment portfolios and offer financial planning services.

Disclosures

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