Wayne Anthony Shultz, of Branchburg, New Jersey, was barred from associating with any Financial Industry Regulatory Authority (FINRA) member in all capacities after consenting to findings that he obstructed a FINRA investigation into notes that Schultz issued a client. Letter of Acceptance, Waiver and Consent, No. 2015044640601 (Feb. 5, 2016).
According to the AWC, on August 20, 2015, Schultz had received a request from FINRA that Schultz provide information and documentation in reference to the notes issued to an elderly investor, pursuant to Rule 8210. Schultz reportedly indicated to FINRA that he would not be providing FINRA with information and documentation, and did not provide such by the September 4, 2015 deadline.
The AWC stated that another request was transmitted by FINRA to Schultz on October 7, 2015 to retrieve information regarding the aforementioned issue(s). Schultz denied to assist FINRA a second time and never provided documents by the second deadline. FINRA found that Schultz violated Rules 2010 and 8210 as a result of Schultz’s failure to deliver to FINRA their requested information and documentation.
Public disclosure records reveal that Schultz has been subject to three disclosure events. On June 1, 2005, Schultz was subject to a $201,654.41 tax judgment/lien. On November 2, 2006, Schultz had settled a customer dispute for $26,993.92 after the customer alleged that he sold unsuitable stock investments in connection with Your Money Matters Brokerage Services, Inc., a place that Schultz was employed from August of 1992 through January of 2008.
Guiliano Law Group
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