Carlos Nestor Evertsz-Seda of Ronkonkoma New York a stockbroker formerly registered with K.C. Ward Financial has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that Evertsz-Seda disregarded a FINRA inquiry possibly concerning Evertsz-Seda being subject of customer initiated investment related disputes. Case No. 2016052401401 (Mar. 19, 2018).
According to FINRA Public Disclosure, Evertsz-Seda’s lack of cooperation with the FINRA inquiry initially resulted in him being suspended by the regulator in all capacities. Evidently, around the time Evertsz-Seda was issued a January 8, 2018 Suspension from Association letter, he was warned about his continued lack of compliance serving as a potential basis by which FINRA could remove him from the securities industry. Apparently, Evertsz-Seda neglected to seek that his suspension be terminated by a March 18, 2018 deadline, resulting in him being automatically barred by FINRA in all capacities.
This is not the first time that Evertsz-Seda has been subject of a disciplinary action by FINRA. Specifically, he was fined $5,000.00 and suspended by the regulator based upon findings that Evertsz-Seda neglected to inform K.C. Ward Financial about an outside business activities that he participated in when associated with the firm. Letter of Acceptance Waiver and Consent No. 2013038657801 (Mar. 18, 2014). FINRA found Evertsz-Seda’s involvement in an outside business activity to be violative of the firm’s procedures given Evertsz-Sedas’ failure to both notify the firm and get the firm’s authorization before partaking in the activities. FINRA found Evertsz-Seda’s conduct violative of FINRA Rules 2010 and 3270.
FINRA Public Disclosure confirms that Evertsz-Seda is referenced in two customer initiated investment related disputes containing allegations of his violative conduct while employed with K.C. Ward Financial. In particular, a customer filed an investment related arbitration claim in regards to Evertsz-Seda’s conduct where the customer sought $100,000.00 in damages supported by accusations that transactions executed in the customer’s account were not suitable for the customer and ultimately caused the customer to suffer losses. FINRA Arbitration No. 16-03497 (Jan. 6, 2017).
Thereafter, a customer filed an investment related arbitration claim involving Evertsz-Seda’s activities in which the customer requested $50,000.00 in damages founded on allegations that fiduciary duties owed to the customer had been breached concerning the over-the-counter equities held in the customer’s investment account when Evertsz-Seda was employed by K.C. Ward Financial. FINRA Arbitration No. 17-01524 (Sept. 14, 2017).
Evertsz-Seda’s employment with K.C. Ward Financial was terminated on May 9, 2017.
