Kane Waller: Registration Denied in Virginia
Kane Waller (CRD #: 4537969), a broker registered with Canaccord Genuity, has had his re-registration request denied in Virginia, according to his BrokerCheck record, accessed on August 10, 2021. This is not the only regulatory action on his record.
On June 4, 2021, the Commonwealth of Virginia State Corporation Commission denied Kane Waller’s re-registration application. He had attempted to re-register following a FINRA suspension. Waller had consented to the suspension following allegations that he had engaged in misconduct – keep reading for more details.
FINRA Suspension Following Allegations of Sharing Non-Public Trading Information
On December 2, 2019, Kane Waller consented to the findings that he shared stock trading information of one customer with Customer A, who owned the same securities. From 2012 to 2017, Customer A generated either the highest or second-highest commissions of any of Waller’s customers. FINRA alleges that on at least two occasions Customer A instructed Waller to trade ahead of the other customer’s order.
For instance, on one occasion Waller allegedly told Customer A that another customer planned to sell $100,000 worth of shares. In response, Customer A allegedly told Waller to “short another 50K” and “get ahead of that.”
FINRA fined Kane Waller $10,000 and suspended him for 90 days. You can read a copy of the AWC here.
Other Regulatory Actions
On April 16, 2021, the Massachusetts Securities Division placed conditions of heightened supervision on Waller’s continued registration as a broker-dealer agent of Canaccord Genuity in Massachusetts.
Kane Waller Background Information
Waller has passed the following exams:
- Series 63 Uniform Securities Agent State Law Examination
- Securities Industry Essentials Examination
- Series 55 Limited Representative – Equity Trader Exam
- Series 7 General Securities Representative Examination
- Series 24 General Securities Principal Examination
He is a registered broker in eleven states.
Waller has worked for the following firms:
- Fidelity Brokerage Services (CRD #: 7784)
- National Financial Services (CRD #: 13041)
Kurta Law Can Help
If you worked with Kane Waller and you have concerns about your investments, contact Kurta Law today. Call 877-600-0098 or email email@example.com.