Minnesota Broker Barred by FINRA for Selling Penny Stock From His Personal Accounts

Thomas Neil Charbonneau (CRD #44868, Arden Hills, Minnesota)

was barred by FINRA for allegedly selling nearly 1.7 million shares of a speculative penny stock from his own accounts which generated $400,000. According to FINRA, Charbonneau solicited the purchase of the speculative penny stock to his clients without disclosing that he was selling the stock from his personal accounts. In failing to disclose to his clients, Charbonneau prevented them from making informed decisions.

FINRA's findings also stated that Charbonneau had a client sign blank firm documents relating to a possible investment in a REIT. This conduct is not allowed at his firm.
(FINRA Case #2010024882201)

Thomas Neil Charbonneau was previously registered with the following securities firm(s):

Registered Dates Firm
11/2010 - 12/2013 BERTHEL, FISHER & COMPANY FINANCIAL SERVICES, INC. (CRD# 13609) - LILYDALE, MN

03/2005 - 10/2010 FELTL & COMPANY (CRD# 6905) - INVER GROVE HEIGHTS, MN
01/2003 - 03/2005 STIFEL, NICOLAUS & COMPANY, INCORPORATED (CRD# 793) - ST. LOUIS, MO
05/2002 - 01/2003 DOUGHERTY & COMPANY LLC (CRD# 7477) - MINNEAPOLIS, MN
01/2001 - 05/2002 MILLER JOHNSON STEICHEN KINNARD, INC. (CRD# 694) - MINNEAPOLIS, MN
07/1994 - 01/2001 MILLER, JOHNSON & KUEHN, INCORPORATED (CRD# 8678) - MINNEAPOLIS, MN
07/1993 - 06/1994 HAMILTON INVESTMENTS, INC. (CRD# 821)
03/1972 - 07/1993 CRAIG-HALLUM, INC. (CRD# 1546)

This summation of information obtained on FINRA's website under “Disciplinary and Other FINRA Actions, November, 2014,” ends here.

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