Broker Receives $10,000 Kick-Back after Encouraging His Customer to Loan Money to an Entertainment Company, According to Securities Regulators

Carlos Evertsz-Seda, a general securities representative with K.C. Ward Financial, was suspended from the securities industry for one month and fined $5,000 by the Financial Industry Regulatory Authority in connection with claims that Seda engaged in outside business activity. In 2012, Seda solicited one of his firm’s former customers to provide a $60,000 loan to… Read more »