Churing and Excessive Activity

Anthony Lynn Cross (also known as Tony Cross), of Edmond, Oklahoma, a stockbroker registered with The ON Equity Sales Company (ONESCO), has been suspended as a stockbroker for ten days by Oklahoma Department of Securities because Cross engaged in discretionary trading. Consent Order No. 20-011 (August 26, 2021). Oklahoma Securities Department claimed that Cross made wrongful time and price discretionary decisions and did not comply with his firm’s rules for discretionary trading.

This is not the first time that Cross has been the subject of a regulatory action concerning Cross’ conduct in the securities industry. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Cross has been ordered to pay restitution to an investor by Oklahoma Department of Securities because Cross made unsuitable recommendations. Order No. 11-017 (August 23, 2012).

Cross was associated with The ON Equity Sales Company as a stockbroker from September 12, 2001, to June 24, 2020, and associated with ON Investment Management Co. from July 7, 2006, to June 24, 2020. He was associated with Vanderbilt Securities LLC and Vanderbilt Advisory Services between July 23, 2020, and October 5, 2021. He has been associated with MML Investors Services LLC as a stockbroker since October 20, 2021, and as an investment advisor representative since November 9, 2021.