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Update: Kevin Wanner Barred by the SEC

Kevin Wanner

Public records provided by the Financial Industry Regulatory Authority (FINRA) on February 24, 2017 indicate that former North Dakota-based Questar Capital broker Kevin Wanner has been permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public. Fitapelli Kurta is interested in hearing from customers who have complaints regarding Mr. Wanner (CRD# 1402627).

Kevin Wanner has spent 30 years in the securities industry and was most recently registered with Questar Capital in Bismarck, North Dakota (2012-2015). Previous registrations include Woodbury Financial Services in Bismarck, North Dakota; USAllianz Securities in Bismarck, Maryland; Raymond James Financial in St. Petersburg, Florida; LM Financial Partners in New Orleans, Louisiana; Merrill Lynch in New York, New York; SunAmerica Securities in Phoenix, Arizona; Anchor National Financial Services; and AG Edwards & Sons in St. Louis, Missouri. He is currently not registered with any state or firm.

According to his BrokerCheck report, he has received three regulatory sanctions and one pending customer complaint, and he recently pleaded guilty to criminal charges.

In March 2019 the SEC sanctioned him following his guilty plea to one count of mail fraud and sentencing to 11 years and 3 months in prison, as well as the forfeiture of $3.099 million and restitution of over $550,000, in connection to charges he defrauded customers by giving them false information and documents “to create the appearance that certain investments were legitimate” when in reality they did not exist. He was indefinitely barred from acting as a broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent, or NRSRO, and from participating in any penny stock offering.

In 2017 he pleaded guilty to one felony count of mail fraud and one felony count of money laundering in the United States District Court for the District of North Dakota. He was sentenced to 11 years and 3 months in prison.

In 2016 a customer alleged Kevin Wanner, while employed at Questar Capital, committed a fraud that cost the customer about $200,000. The complaint settled for $182,828.

In 2016 FINRA sanctioned Kevin Wanner following allegations he did not provide information in connection with an investigation into allegations involving his termination from his former firm in connection to allegations he misappropriated funds. He was permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public.

If you have lost money investing with Kevin Wanner, you may be entitled to recoup your losses. Call the attorneys at Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis, which means we only get paid if and when you collect money. Time to file your claim may be limited by law, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.

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