December 30, 2015-Oklahoma City, OK
Carl W. Busch , a broker with WFG Investments, entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that he failed to adequately supervise the sales practices of one of the brokers he was responsible for overseeing.
As a result the broker recommended and engaged in unsuitable trading in the IRA account of a retired customer and traded without written authority.
AWC No. 2013038710502
Busch was suspended in all principal capacities from association with a FINRA member firm for 45 days and fined $5,000.
FINRA records disclose that Busch has been registered with WFG Investments since 6/ 2007.
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