Eugene Donald Anderson (also known as Gene Anderson) a stockbroker formerly registered with United Planners’ Financial Services of America has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he converted customers’ funds. Letter of Acceptance Waiver and Consent No. 2016051376401 (Feb. 10, 2017).
According to the AWC, $15,000.00 had been solicited by Anderson from two United Planners Financial Services of America customers. Anderson evidently used the money for his personal benefit, failing to provide repayment to those customers. Anderson reportedly took the customers funds with no plans to give the money back to the customers. Consequently, FINRA found that Anderson’s conduct was violative of NASD Rules 2110 and 2330.
FINRA Public Disclosure confirms that prior to being barred, Anderson was discharged by United Planners Financial Services of America on September 15, 2016 based upon taking customer funds in violation of the firm’s policy.
After FINRA barred Anderson, he became subject of an Arizona Corporation Commission Securities Division action in which the Commission sought for Anderson’s securities registration to be revoked and for him to be assessed a penalty as a result of Anderson having engaged in unauthorized loan arrangements and failed to pay back customers. Docket No. S-21023A-17-0285 (Sept. 22, 2017).
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