Talman Anthony Harris (CRD #3209947, Garden City, New York) and William John Scholander (CRD #2938044, Brooklyn, New York)
were barred by FINRA for allegedly fraudulently omitting material facts when soliciting purchases of securities and engaging in outside business activities without providing their member firm with written notice.
FINRA's findings stated that Harris and Scholander, in connection with the sale of $961,825 worth of a corporation’s securities, failed to disclose material facts to clients that they received a $350,000 fee for advisory services from the corporation and that they had a business relationship with the corporation. Harris and Scholander must have known that both the payment and their ongoing business relationship with the corporation gave them obvious conflicts of interest that had the potential to influence their decision of what securities to recommend to their clients.
FINRA's findings also stated that neither Harris nor Scholander disclosed to their firm the activities in which they engaged that led to the $350,000 fee or that they received the fee.
The decision has been appealed to the SEC and the sanctions are in effect pending review. (FINRA Case #2009019108901)
Talman Harris was employed at the following companies:
05/2011 - 01/2015 RADNOR RESEARCH & TRADING COMPANY LLC (CRD# 130120) - NEW YORK, NY
02/2010 - 04/2011 FIRST MERGER CAPITAL, INC (CRD# 44083) - NEW YORK, NY
05/2009 - 02/2010 SEABOARD SECURITIES, INC. (CRD# 755) - NEW YORK, NY
FINRA expelled the firm in 02/2011
10/2008 - 04/2009 MARTINEZ-AYME SECURITIES (CRD# 109838) - NEW YORK, NY
07/2007 - 10/2008 BASIC INVESTORS INC. (CRD# 1187) - NEW YORK, NY
04/2007 - 07/2007 LEGEND SECURITIES, INC. (CRD# 44952) - NEW YORK, NY
01/2004 - 06/2007 NEW YORK GLOBAL SECURITIES, INC. (CRD# 46429) - NEW YORK, NY
08/2003 - 01/2004 GUNNALLEN FINANCIAL, INC (CRD# 17609) - TAMPA, FL
12/2002 - 09/2003 BENCHMARK SECURITIES GROUP, INC. (CRD# 103760) - OKLAHOMA CITY, OK
07/2002 - 12/2002 H&R BLOCK FINANCIAL ADVISORS, INC. (CRD# 5979) - DETROIT, MI
01/2002 - 06/2002 HARRISON SECURITIES, INC. (CRD# 14103) - PORT WASHINGTON, NY
FINRA expelled the firm in 12/2004
12/2001 - 04/2002 EHRENKRANTZ KING NUSSBAUM, INC. (CRD# 113525) - MELVILLE, NY
FINRA expelled the firm in 10/2012
11/2001 - 12/2001 EHRENKRANTZ KING NUSSBAUM (CRD# 31140) - NEW YORK, NY
08/2001 - 11/2001 INVESTEC ERNST & COMPANY (CRD# 266) - NEW YORK, NY
11/2000 - 06/2001 JOSEPH STEVENS & COMPANY, INC. (CRD# 35459) - BROOKLYN, NY
06/2000 - 11/2000 SPENCER CLARKE LLC (CRD# 41316) - NEW YORK, NY
06/2000 - 06/2000 INVESTEC ERNST & COMPANY (CRD# 266) - NEW YORK, NY
06/1999 - 06/2000 CAMBRIDGE CAPITAL, LLC (CRD# 41464) - GARDEN CITY, NY
FINRA expelled the firm in 02/2001
William Scholander was employed at the following companies:
5/2011 - 01/2015 RADNOR RESEARCH & TRADING COMPANY LLC (CRD# 130120) - NEW YORK, NY
02/2010 - 04/2011 FIRST MERGER CAPITAL, INC (CRD# 44083) - NEW YORK, NY
03/2009 - 02/2010 SEABOARD SECURITIES, INC. (CRD# 755) - NEW YORK, NY
FINRA expelled the firm in 02/2011
10/2008 - 03/2009 MARTINEZ-AYME SECURITIES (CRD# 109838) - NEW YORK, NY
07/2007 - 10/2008 BASIC INVESTORS INC. (CRD# 1187) - NEW YORK, NY
04/2007 - 07/2007 LEGEND SECURITIES, INC. (CRD# 44952) - NEW YORK, NY
06/2003 - 03/2007 NEW YORK GLOBAL SECURITIES, INC. (CRD# 46429) - NEW YORK, NY
12/2002 - 07/2003 BENCHMARK SECURITIES GROUP, INC. (CRD# 103760) - OKLAHOMA CITY, OK
01/2002 - 06/2002 HARRISON SECURITIES, INC. (CRD# 14103) - PORT WASHINGTON, NY
FINRA expelled the firm in 12/2004
06/2000 - 03/2001 PRESTIGE FINANCIAL CENTER, INC. (CRD# 30407) - NEW YORK, NY
FINRA expelled the firm in 05/2011
03/1999 - 06/2000 CAMBRIDGE CAPITAL, LLC (CRD# 41464) - GARDEN CITY, NY
FINRA expelled the firm in 02/2001
This summation of information was obtained from FINRA’s website "Disciplinary and Other FINRA Actions, March 2015," ends here.
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