gavel on money

George Marshall Warner of Staten Island New York a stockbroker formerly registered with Chelsea Financial Services is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $100,000.00 in damages founded on allegations that promissory notes were sold by Warner away from the securities broker dealer. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-01906 (June 17, 2020).

This is not the first time that Warner has been accused of wrongdoing by a customer of a securities broker dealer. FINRA Public Disclosure also reveals that a customer initiated investment related complaint regarding Warner’s activities was settled for $225,000.00 in damages based upon accusations that unauthorized bonds were purchased in the customer’s account at LPL Financial.

Warner has also been fined $5,000.00 and suspended from associating with any FINRA member in any capacity supported by findings that documents containing customers’ annual income, net worth and liquidity needs had been altered by Warner when he was associated with Kestra Investment Services. Letter of Acceptance Waiver and Consent No. 2014043727001 (Apr. 5, 2017). Warner caused Kestra to hold inaccurate and false books relating to customers’ account documents. The stockbroker violated FINRA Rule 2010 in this regard.

Two of Warner’s securities broker dealer employers terminated him for improper conduct. The stockbroker was discharged by LPL Financial for procuring customer signatures on blank account documents. He was also terminated by NFP Advisor Services for altering documents after customers had signed them.