{"id":10226,"date":"2021-10-15T15:33:23","date_gmt":"2021-10-15T19:33:23","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=10226"},"modified":"2021-10-15T15:33:23","modified_gmt":"2021-10-15T19:33:23","slug":"broker-paul-vizanko-barred-after-borrowing-money-from-clients","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/broker-paul-vizanko-barred-after-borrowing-money-from-clients\/","title":{"rendered":"Broker Paul Vizanko Barred After Borrowing Money From Clients"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-10227 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/10\/Paul-Vizanko.jpg\" alt=\"Paul Vizanko (Paul Warren Vizanko CRD:#2572222) is a former broker and investment advisor last employed with \u00a0Wells Fargo Clearing Services, LLC (CRD#:19616) of Duluth, MN. He was previously employed with Merrill Lynch, Pierce, Fenner &amp; Smith Incorporated (CRD#:7691), also of Duluth, MN, Wells Fargo Investments, LLC (CRD#:10582) of Grand Rapids, MN, and Miller Johnson Steichen Kinnard, Inc. (CRD#:694) He has been in the industry since 1995.  Wells Fargo discharged Vizanko on 1\/26\/2021 after he borrowed money from a client. Additionally, Vizanko received a cash gift from a different client, and was also named a beneficiary of the second client\u2019s trust. Vizanko failed to notify the firm of these funds, then misappropriated those funds.  After FINRA requested information related to his termination, Vizanko failed to respond to two letters dated May 26, 2021 and June 21, 2021. FINRA issued a suspension from any association with a FINRA member, which Vizanko failed to address by requesting within three months of the date. As of August 30, 2021, Vizanko is indefinitely barred from any affiliation with a FINRA member. This ruling is final.  On August 12, 2021, a customer filed a dispute alleging that from September 23, 2015 through December 22, 2020, Vizanko cashed checks that were made out to him but intended for the client. No damage amount is listed, and no other information is available. This claim is pending.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/10\/Paul-Vizanko.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/10\/Paul-Vizanko-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Paul Vizanko (Paul Warren Vizanko CRD:#2572222) is a former broker and investment advisor last employed with \u00a0Wells Fargo Clearing Services, LLC (CRD#:19616) of Duluth, MN. He was previously employed with Merrill Lynch, Pierce, Fenner &amp; Smith Incorporated (CRD#:7691), also of Duluth, MN, Wells Fargo Investments, LLC (CRD#:10582) of Grand Rapids, MN, and Miller Johnson Steichen Kinnard, Inc. (CRD#:694) He has been in the industry since 1995. <a href=\"https:\/\/www.silverlaw.com\/blog\/broker-paul-vizanko-barred-after-borrowing-money-from-clients\/#more-10226\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Paul Vizanko (Paul Warren Vizanko CRD:#2572222) is a former broker and investment advisor last employed with \u00a0Wells Fargo Clearing Services, LLC (CRD#:19616) of Duluth, MN. He was previously employed with Merrill Lynch, Pierce, Fenner &amp; Smith Incorporated (CRD#:7691), also of Duluth, MN, Wells Fargo Investments, LLC (CRD#:10582) of Grand Rapids, MN, and Miller Johnson Steichen [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[580],"tags":[],"class_list":["post-10226","post","type-post","status-publish","format-standard","hentry","category-stockbroker-misconduct"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Broker Paul Vizanko Barred After Borrowing Money From Clients &#8212;<\/title>\n<meta name=\"description\" content=\"Paul Vizanko is a former broker and investment advisor last employed with \u00a0Wells Fargo Clearing Services, of Duluth, MN.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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