Kestra Stockbroker Barred In Forgery Investigation

Charles Matthew Wernig III (also known as Chip Wernig) a stockbroker formerly registered with Kestra Investment Services LLC has been barred on August 5, 2019 from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Wernig neglected to provide a response to FINRA after a request for his information was made by the regulator. Case No. 2019061928001.

FINRA Public Disclosure reveals that on May 2, 2019, Wernig was issued a Notice of Suspension after Wernig failed to respond to the regulator. On May 29, 2019, he was issued a Suspension from Association letter which prohibited him from being a stockbroker and had warned him that his continued noncompliance could serve as grounds for FINRA to bar him. Wernig failed to correspond with FINRA by the August 4, 2019 deadline which led to the regulator’s imposition of an automatic bar on August 5, 2019.

Wernig was discharged by former employer Lincoln Financial Advisors founded on accusations of Wernig signing customers’ names on documentation contrary to the securities broker dealer’s policies. The stockbroker was employed by Kestra Investment Services until June 25, 2018. Between June 20, 2018 and March 13, 2019, he was associated with Voya Financial Advisors Inc.