Customer verbally complained that the financial advisor forged distribution requests and stole funds from her IRA and non-IRA accounts. (12/13/2018-4/7/2021)

$59,505.36

FINRA

Without admitting or denying the findings, Rigsbee consented to the sanction and to the entry of findings that he refused to provide information and documents requested by FINRA. The findings stated that this matter originated from FINRA's investigation of the Uniform Termination Notice for Securities Industry Registration (Form U5) filed by Rigsbee's member firm that disclosed that he had been discharged during the course of an internal review where documents appear to show that client funds were received in his personal bank account after being transferred from the firm to a third party broker dealer, and then on to his bank account, without permission from clients.

Acceptance, Waiver & Consent(AWC)

Bar (Permanent)

All Capacities

Indefinite

7/7/2021

Wells Fargo Clearing Services, LLC.

Discharged

Financial advisor was terminated during the course of an internal review where documents appear to show that client funds were received in his personal bank account after begin transferred from Wells Fargo to a third party broker dealer, and then to his bank account, without permission from clients.