Minnesota Broker Barred by FINRA

JOHN A. WALDOCK JR. (CRD #2995364, Bloomington, Minnesota)

was barred by FINRA for allegedly converting a client’s personal gift cards, worth least $2,200, which were given to his member firm for business purposes.

FIRNA's findings stated that the client asked the firm to coordinate a mailing to potential clients with an enclosed gift card provided by the client, hoping to peak their interest in a potential transaction.

FINRA stated that after the initial mailings, the firm kept the unused gift cards and was planning on mailing them to additional potential clients. Allegedly, without authorization, John Waldock took some of the cards, placed separate orders and paid for the goods ordered with the converted gift cards.

John Waldock’s firm received an email from his client’s CFO believing someone had attempted to redeem the gift cards the client had provided to the firm. After an internal investigation they concluded that Waldock used the gift cards for business purposes. The firm discharged Waldock.
(FINRA Case #2012031142101)

John Waldock, according to FINRA's BrokerCheck, was previously registered with the following securities firm(s):

09/2012 - 11/2012 EIDE BAILLY SECURITIES, LLC (CRD# 112176) - FARGO, ND

06/2008 - 01/2012 LAZARD MIDDLE MARKET LLC (CRD# 146092) - MINNEAPOLIS, MN

05/2008 - 07/2008 GOLDSMITH, AGIO, HELMS SECURITIES, INC. (CRD# 26100) - MINNEAPOLIS, MN

06/2002 - 04/2003 LABRANCHE & CO. LLC (CRD# 32661) - NEW YORK, NY

This ends the information from FINRA's "Disciplinary and Other Actions, August 2014."

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