Orders From Other Years
Wesley J. Evans - S-20-3019-21-SC01 - Statement of Charges
On January 22, 2021, the Securities Division issued a Statement of Charges and Notice of Intent to Issue an Order to Deny Future Registrations, Impose Fines, and Charge Costs (Statement of Charges) against Wesley J. Evans (CRD No. 6617516) (Evans), a Seattle resident and former securities salesperson of J.P. Morgan Securities LLC (CRD No. 79). This Statement of Charges stems from a Letter of Acceptance, Waiver, and Consent agreed to by Evans and the Financial Industry Regulatory Authority (FINRA) in July 2020, in which Evans neither admitted nor denied the findings and agreed to be barred from associating with any FINRA member in any capacity.
The Securities Division alleges that Evans violated the dishonest and unethical business practices section of the Securities Act of Washington and its associated regulations by misappropriating $14,740.00 from two elderly clients to his personal credit cards while working as a private client banker at JPMorgan Chase Bank, N.A., and by refusing to comply with a FINRA information request about this conduct after he was terminated by the bank. In the Statement of Charges, the Securities Division gives notice of its intent to deny future registrations, collect a fine of $1,000.00, and charge costs of $1,750.00. The Respondent has a right to request a hearing on the Statement of Charges.
On January 21, 2021, the Securities Division entered a Final Order against Respondent Ronald R. Alber (“Alber”). The Final Order found that in January 2012, Alber violated the registration provisions of the Securities Act of Washington by offering and selling $27,700 worth of unregistered GME stock to a Washington investor. The Final Order also found that Alber violated the anti-fraud provision of the Securities Act by making untrue and misleading statements and by failing to disclose material information about the stock. The Final Order imposed a fine of $10,000 and costs of $1,500 against Alber. Alber has the right to request judicial review of the Final Order.
Charles Winn, LLC - S-20-3038-20-SC01 - Statement of Charges
On January 7, 2021, the Securities Division entered a Statement of Charges and Notice of Intent to Issue an Order to Cease and Desist, Impose Fines, and Charge Costs against Charles Winn, LLC. Charles Winn and its sales agents have engaged in a cold-calling scheme to target investors throughout the United States, including Washington, to invest in its wine brokerage program. Between 2018 and 2020, four Washington residents invested approximately $68,000 in Charles Winn’s wine brokerage program. The Securities Division alleges that the Respondent sold unregistered securities, acted as an unregistered broker-dealer, and violated the anti-fraud provision of the Securities Act of Washington. The Securities Division ordered the Respondent to cease and desist from violating the Securities Act of Washington. The Securities Division gave notice of its intent to collect fines and charge costs. The Respondent has a right to request a hearing on the Statement of Charges.