NOTE: Stipulations of Fact and Consent to Penalty (SFC); Offers of Settlement (OS); and Letters of Acceptance Waiver, and Consent (AWC) are entered into by Respondents without admitting or denying the allegations, but consent is given to the described sanctions & to the entry of findings. Additionally, for AWCs, if FINRA has reason to believe a violation has occurred and the member or associated person does not dispute the violation, FINRA may prepare and request that the member or associated person execute a letter accepting a finding of violation, consenting to the imposition of sanctions, and agreeing to waive such member's or associated person's right to a hearing before a hearing panel, and any right of appeal to the National Adjudicatory Council, the SEC, and the courts, or to otherwise challenge the validity of the letter, if the letter is accepted. The letter shall describe the act or practice engaged in or omitted, the rule, regulation, or statutory provision violated, and the sanction or sanctions to be imposed.
Evan Taber
2010021196801
Taber intentionally converted or misappropriated customer
funds. Taber discussed with a customer an investment that would yield
a 15 percent rate of
return and the customer gave Taber a check for $30,000 payable to
the investment.Taber
deposited the customer’s check into the investment checking
account. The customer repeatedly called Taber to determine the
status of his investment,
and each time Taber reassured the customer that his funds had been
invested.
Taber failed
to inform the customer that the investment checking account was
actually Taber’s personal
bank account.
Taber did not make
any investment with
the customer’s funds; instead, Taber used the customer’s funds for
numerous business
and personal expenses.Taber ultimately refunded
the customer’s funds,
but not until FINRA began its investigation into the customer’s
complaint.
Evan Taber: Barred