Charles William Wannen III (CRD # 2453110, Registered Representative, Hicksville, New York) submitted an Offer of Settlement in which he was suspended from association with any FINRA member in any capacity for six months. In light of Wannen’s financial status, no monetary sanctions were imposed. Without admitting or denying the allegations, Wannen consented to the described sanction and to the entry of findings that he engaged in a pattern of unsuitable and excessive trading in customer accounts, including customers’ individual retirement accounts (IRAs). The findings stated that in connection with the accounts, Wannen filed false and inaccurate information on the new account forms for the customers without their knowledge, authorization or consent, causing his member firm’s books and records to be false.

The suspension is in effect from January 20, 2009, through July 19, 2009. (FINRA Case # ELI2004035403)