California Stockbroker Discipline Report for September 2009

The following information regarding broker misconduct and disciplinary activities taken against California stockbrokers was released by the Financial Industry Regulatory Authority (FINRA) in September 2009:

William David Brusseau formerly of Independent Financial Group in Pasadena, California, and Omni Brokerage of Pasadena, California, was barred from association with any FINRA member in any capacity for allegedly borrowing money from customers.

Stephen Timothy Crawford formerly of Unionbanc Investment Services, LLC in San Diego, California, was fined and barred from association with any FINRA member in any capacity for two years for allegedly borrowing money from customers.

Jacob Karamian formerly of Crowell, Weedon & Co. in Pasadena, California, was barred from association with any FINRA member in any capacity for allegedly transferring funds from a customer’s account without their authorization.

Joaquinitio See Soliman (aka Jack Soliman) formerly of KMS Financial Services Inc., in Chino Hills, California, was barred from association with any FINRA member in any capacity for allegedly effecting discretionary transactions in customer accounts without written discretionary authority.

Donald Raymond Dunakin III formerly with Gunnallen Financial, Inc. of El Dorado Hills, California, is the subject of a FINRA disciplinary complaint alleging that he made unsuitable investment recommendations, including the purchase of securities on margin and providing false testimony to FINRA investigators.

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