History Of George Marshall Warner
Warner first became registered with FINRA as an Investment Company and Variable
Contracts Products Representative in 1992. Warner was registered with FINRA as a
General Securities Representative and an Investment Company and Variable Contracts
Products Representative through an association with Chelsea Financial Services
(CRD No. 47770) from September 2017 to October 2019.
On October 15, 2019, Chelsea Financial filed a Uniform Termination Notice for
Securities Industry Registration (Form U5) stating that Warner had voluntarily resigned
from the firm. On July 30, 2020, Chelsea Financial filed an amended Form U5 disclosing
that Warner had been identified in a customer arbitration alleging that Warner had
engaged in “[s]elling away.”
Warner is not currently registered or associated with a FINRA member firm. However,
he remains subject to FINRA’s jurisdiction pursuant to Article V, Section 4 of FINRA’s
In April 2017, Warner entered into an AWC, through which he consented to findings that
he altered new account documents and other account profile information that had already
been signed by a customer, in violation of FINRA Rules 4511(a) and 2010. Warner was
suspended from associating with any FINRA member firm in all capacities for 30
calendar days and fined $5,000
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FINRA Rule 8210(a)(1) states, in relevant part, that FINRA may require a person subject
to its jurisdiction “to provide information orally, in writing, or electronically … with
respect to any matter involved in [a FINRA] investigation [or] examination.” FINRA
Rule 8210(c) further states that “[n]o … person shall fail to provide information …
pursuant to this Rule.” A violation of FINRA Rule 8210 is also a violation of FINRA
Rule 2010, which requires member firms and their associated persons to “observe high
standards of commercial honor and just and equitable principles of trade.”
On December 28, 2020, in connection with an investigation into Warner’s potential
participation in undisclosed private securities transactions, FINRA sent a request to
Warner for the production of information and documents pursuant to FINRA Rule 8210.
As Warner’s attorney stated in an email to FINRA on February 15, 2021, and by this
agreement, Warner acknowledges that he received FINRA’s request and will not produce
the requested information or documents at any time. By failing to produce the requested
information or documents as requested pursuant to FINRA Rule 8210, Warner violated
FINRA Rules 8210 and 2010.
Penalties, Punishments & Sanctions
a bar from associating with any FINRA member in all capacities.
Respondent understands that if he is barred or suspended from associating with any
FINRA member, he becomes subject to a statutory disqualification as that term is defined
in Article III, Section 4 of FINRA’s By-Laws, incorporating Section 3(a)(39) of the
Securities Exchange Act of 1934. Accordingly, he may not be associated with any
FINRA member in any capacity, including clerical or ministerial functions, during the
period of the bar or suspension. See FINRA Rules 8310 and 8311.
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Warner failed to provide information and documents that were requested pursuant to
FINRA Rule 8210, in violation of FINRA Rules 8210 and 2010.
How To Spot A Fraud Finance Advisor (Infographic)
Help For Victims Of George Marshall Warner
If you have lost funds because of misrepresentation, unsuitable investment, or unsuitable investment strategy from George Marshall Warner. Then you can take legal action and get justice. Fraud, Malpractice & dereliction of duty should not be taken lightly, especially in this industry. We highly suggest that you notify authorities or seek legal action if your financial advisor or brokerage firm fails to abide by FINRA’s rules are regulations.
Financial advisors are regulatory & legally obligated to suggest (recommend) the most suitable investments/investment strategies to their clients. Their suggestions should have their client’s best interests and should be appropriate for their client’s goals and needs. Similarly, the brokerage firm which hires financial advisors also has a regulatory & legal obligation to keep a close watch and supervise their Financial Advisors’ practices & behavior. They need to make sure that the financial advisor is not being manipulative or having an unreasonable bias towards certain investments. If the financial advisor and/or the brokerage firm breaches these duties, then the client/customer may be entitled to a full or partial recovery of their losses.
Financial advisors need to have the interest of their clients when giving suggestions related to investments and investment strategies. Reasonable basis suitability requires the advisor to do their best to analyze & identify the risks and rewards associated with their suggested investment and/or investment strategy.