barbara ann endres · 2020-06-20 · barbara a. endres crd# 1688767 this broker is not currently...

BrokerCheck Report

BARBARA ANN ENDRES

Section Title

Report Summary

Broker Qualifications

Registration and Employment History

Disclosure Events

CRD# 1688767

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5 - 6

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Page(s)

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About BrokerCheck®

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CRD® and is a combination of: o information FINRA and/or the Securities and Exchange Commission (SEC) require brokers and

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· To check the background of an investment adviser firm or representative, you can search for the firm orindividual in BrokerCheck. If your search is successful, click on the link provided to view the available licensingand registration information in the SEC's Investment Adviser Public Disclosure (IAPD) website athttps://www.adviserinfo.sec.gov. In the alternative, you may search the IAPD website directly or contact your statesecurities regulator at http://www.finra.org/Investors/ToolsCalculators/BrokerCheck/P455414.

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BARBARA A. ENDRES

CRD# 1688767

This broker is not currently registered.

Report Summary for this Broker

This report summary provides an overview of the broker's professional background and conduct. Additionalinformation can be found in the detailed report.

Disclosure Events

All individuals registered to sell securities or provideinvestment advice are required to disclose customercomplaints and arbitrations, regulatory actions,employment terminations, bankruptcy filings, andcriminal or civil judicial proceedings.

Are there events disclosed about this broker? Yes

The following types of disclosures have beenreported:

Type Count

Regulatory Event 5

Financial 1

Investment Adviser RepresentativeInformation

https://www.adviserinfo.sec.gov

The information below represents the individual'srecord as a broker. For details on this individual'srecord as an investment adviser representative,visit the SEC's Investment Adviser PublicDisclosure website at



This broker has passed:

0 Principal/Supervisory Exams

2 General Industry/Product Exams

2 State Securities Law Exams

Registration History

This broker was previously registered with thefollowing securities firm(s):

WELLS FARGO ADVISORS, LLCCRD# 19616GRAND JUNCTION, CO08/2009 - 12/2014

B

MERRILL LYNCH, PIERCE, FENNER &SMITH INCORPORATEDCRD# 7691GRAND JUNCTION, CO09/2003 - 08/2009

B

J. SCOTT SECURITIES CORP.CRD# 47007GOLDEN, CO04/2000 - 09/2003

B

www.finra.org/brokercheck User Guidance

1�2020 FINRA. All rights reserved. Report about BARBARA A. ENDRES.


https://adviserinfo.sec.gov/individual/summary/1688767

http://www.finra.org/brokercheck

http://www.finra.org/brokercheck_reports



Registrations

This section provides the self-regulatory organizations (SROs) and U.S. states/territories the broker is currently registered and licensed with, thecategory of each license, and the date on which it became effective. This section also provides, for every brokerage firm with which the broker iscurrently employed, the address of each branch where the broker works.








Industry Exams this Broker has Passed

This individual has passed 0 principal/supervisory exams, 2 general industry/product exams, and 2 state securities law exams.

This section includes all securities industry exams that the broker has passed. Under limited circumstances, a broker may attain a registrationafter receiving an exam waiver based on exams the broker has passed and/or qualifying work experience. Any exam waivers that the broker hasreceived are not included below.

Exam Category Date

Principal/Supervisory Exams

No information reported.

Exam Category Date

General Industry/Product Exams

Securities Industry Essentials Examination 12/09/2014SIEB

General Securities Representative Examination 06/20/1987Series 7B

Exam Category Date

State Securities Law Exams

Uniform Investment Adviser Law Examination 09/06/2000Series 65IA

Uniform Securities Agent State Law Examination 07/16/1987Series 63B

Additional information about the above exams or other exams FINRA administers to brokers and other securities professionals can be found atwww.finra.org/brokerqualifications/registeredrep/.





www.finra.org/brokerqualifications/registeredrep/



Professional Designations

This section details that the representative has reported 0 professional designation(s).








Registration History

Registration Dates Firm Name CRD# Branch Location

The broker previously was registered with the following firms:

B 08/2009 - 12/2014 WELLS FARGO ADVISORS, LLC 19616 GRAND JUNCTION, CO

B 09/2003 - 08/2009 MERRILL LYNCH, PIERCE, FENNER &SMITH INCORPORATED

7691 GRAND JUNCTION, CO

B 04/2000 - 09/2003 J. SCOTT SECURITIES CORP. 47007 GOLDEN, CO

B 10/1997 - 12/1998 BISYS FUND SERVICES LIMITEDPARTNERSHIP

15634 PORTLAND, ME

B 09/1995 - 04/1997 CHARLES SCHWAB & CO., INC. 5393 SAN FRANCISCO, CA

B 02/1995 - 04/1995 FBS INVESTMENT SERVICES, INC. 17868 SAINT PAUL, MN

B 08/1992 - 02/1995 AMERICAN INVESTMENT SERVICES, INC. 21111 OKLAHOMA CITY, OK

B 05/1990 - 08/1992 PAINEWEBBER INCORPORATED 8174 WEEHAWKEN, NJ

B 06/1987 - 06/1990 MERRILL LYNCH, PIERCE, FENNER &SMITH INCORPORATED

7691 NEW YORK, NY

Employment History

Employment Employer Name Investment RelatedPosition Employer Location

This section provides up to 10 years of an individual broker's employment history as reported by the individual broker on the most recently filedForm U4.

Please note that the broker is required to provide this information only while registered with FINRA or a national securities exchangeand the information is not updated via Form U4 after the broker ceases to be registered. Therefore, an employment end date of"Present" may not reflect the broker's current employment status.

11/2014 - Present LIFETIME WEALTH ADVISORS, LLC INVESTMENTADVISERREPRESENTATIVE

Y GRAND JUNCTION, CO,United States

08/2009 - 12/2014 WELLS FARGO ADVISORS LLC REGISTERED REP Y GRAND JUNCTION, CO,United States







Other Business Activities

This section includes information, if any, as provided by the broker regarding other business activities the broker is currently engaged in either asa proprietor, partner, officer, director, employee, trustee, agent or otherwise. This section does not include non-investment related activity that isexclusively charitable, civic, religious or fraternal and is recognized as tax exempt.







Disclosure Events

What you should know about reported disclosure events:

1. All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations,regulatory actions, employment terminations, bankruptcy filings, and criminal or civil judicial proceedings.

2. Certain thresholds must be met before an event is reported to CRD, for example: o A law enforcement agency must file formal charges before a broker is required to disclose a particular criminal event. o A customer dispute must involve allegations that a broker engaged in activity that violates certain rules or conduct governing the

industry and that the activity resulted in damages of at least $5,000. o

3. Disclosure events in BrokerCheck reports come from different sources: o As mentioned at the beginning of this report, information contained in BrokerCheck comes from brokers, brokerage firms and

regulators. When more than one of these sources reports information for the same disclosure event, all versions of the event willappear in the BrokerCheck report. The different versions will be separated by a solid line with the reporting source labeled.

o4. There are different statuses and dispositions for disclosure events:

o A disclosure event may have a status of pending, on appeal, or final.§ A "pending" event involves allegations that have not been proven or formally adjudicated.§ An event that is "on appeal" involves allegations that have been adjudicated but are currently being appealed.§ A "final" event has been concluded and its resolution is not subject to change.

o A final event generally has a disposition of adjudicated, settled or otherwise resolved.§ An "adjudicated" matter includes a disposition by (1) a court of law in a criminal or civil matter, or (2) an administrative

panel in an action brought by a regulator that is contested by the party charged with some alleged wrongdoing.§ A "settled" matter generally involves an agreement by the parties to resolve the matter. Please note that brokers and

brokerage firms may choose to settle customer disputes or regulatory matters for business or other reasons.§ A "resolved" matter usually involves no payment to the customer and no finding of wrongdoing on the part of the

individual broker. Such matters generally involve customer disputes.

For your convenience, below is a matrix of the number and status of disclosure events involving this broker. Further informationregarding these events can be found in the subsequent pages of this report. You also may wish to contact the broker to obtain furtherinformation regarding these events.

Final On AppealPending

Regulatory Event 0 5 0

Financial 0 1 N/A






Disclosure Event Details

When evaluating this information, please keep in mind that a discloure event may be pending or involve allegations that are contested and havenot been resolved or proven. The matter may, in the end, be withdrawn, dismissed, resolved in favor of the broker, or concluded through anegotiated settlement for certain business reasons (e.g., to maintain customer relationships or to limit the litigation costs associated with disputingthe allegations) with no admission or finding of wrongdoing.

This report provides the information exactly as it was reported to CRD and therefore some of the specific data fields contained in the report maybe blank if the information was not provided to CRD.

Regulatory - Final

This type of disclosure event may involve (1) a final, formal proceeding initiated by a regulatory authority (e.g., a state securities agency, self-regulatory organization, federal regulatory such as the Securities and Exchange Commission, foreign financial regulatory body) for a violation ofinvestment-related rules or regulations; or (2) a revocation or suspension of a broker's authority to act as an attorney, accountant, or federalcontractor.

Disclosure 1 of 5

Reporting Source: Regulator

Regulatory Action InitiatedBy:

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Sanction(s) Sought: Other: N/A

Date Initiated: 06/04/2018

Docket/Case Number: 3-18528

Employing firm when activityoccurred which led to theregulatory action:

LIFETIME WEALTH ADVISORS, LLC

Product Type: No Product

Allegations: SEC IA Release 4934, June 4, 2018: The Securities and Exchange Commission(Commission) deems it appropriate and in the public interest that publicadministrative proceedings be, and hereby are, instituted pursuant to Section203(f) of the Investment Advisers Act of 1940 (Advisers Act) against Barbara A.Endres (Endres). On the basis of this Order and Endres' Offer, the Commissionfinds that on October 17, 2017, the Colorado Securities Commissioner, in In theMatter of Lifetime Wealth Advisors, LLC and Barbara Endres, Case No. 2017-CDS-055, entered an order against Endres permanently barring her fromassociating with any broker-dealer or investment adviser doing business inColorado. The state level bar was entered by consent to resolve claims broughtagainst Endres by the Colorado Division of Securities (CDS). According to thePetition filed by the CDS, from approximately September 2016 through September2017, Endres placed a number of her clients, some of whom were elderly, into anunsuitable, highly speculative investment strategy based on the short-term tradingof a single security in advance of earnings announcements without disclosing theheightened risks associated with such a strategy. Endres was also charged withmaking unauthorized trades in non-discretionary customer accounts andimproperly retaining pre-paid advisory fees after clients terminated her services.






SEC IA Release 4934, June 4, 2018: The Securities and Exchange Commission(Commission) deems it appropriate and in the public interest that publicadministrative proceedings be, and hereby are, instituted pursuant to Section203(f) of the Investment Advisers Act of 1940 (Advisers Act) against Barbara A.Endres (Endres). On the basis of this Order and Endres' Offer, the Commissionfinds that on October 17, 2017, the Colorado Securities Commissioner, in In theMatter of Lifetime Wealth Advisors, LLC and Barbara Endres, Case No. 2017-CDS-055, entered an order against Endres permanently barring her fromassociating with any broker-dealer or investment adviser doing business inColorado. The state level bar was entered by consent to resolve claims broughtagainst Endres by the Colorado Division of Securities (CDS). According to thePetition filed by the CDS, from approximately September 2016 through September2017, Endres placed a number of her clients, some of whom were elderly, into anunsuitable, highly speculative investment strategy based on the short-term tradingof a single security in advance of earnings announcements without disclosing theheightened risks associated with such a strategy. Endres was also charged withmaking unauthorized trades in non-discretionary customer accounts andimproperly retaining pre-paid advisory fees after clients terminated her services.

Current Status: Final

Resolution: Order

Resolution Date: 06/04/2018

Sanctions Ordered:

Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?

No

Bar (Permanent)

If the regulator is the SEC,CFTC, or an SRO, did theaction result in a finding of awillful violation or failure tosupervise?

No

(1) willfully violated anyprovision of the SecuritiesAct of 1933, the SecuritiesExchange Act of 1934, theInvestment Advisers Act of1940, the InvestmentCompany Act of 1940, theCommodity Exchange Act, orany rule or regulation underany of such Acts, or any ofthe rules of the MunicipalSecurities Rulemaking Board,or to have been unable tocomply with any provision ofsuch Act, rule or regulation?

(2) willfully aided, abetted,counseled, commanded,induced, or procured theviolation by any person ofany provision of theSecurities Act of 1933, theSecurities Exchange Act of1934, the InvestmentAdvisers Act of 1940, theInvestment Company Act of1940, the CommodityExchange Act, or any rule orregulation under any of suchActs, or any of the rules ofthe Municipal SecuritiesRulemaking Board? or






(2) willfully aided, abetted,counseled, commanded,induced, or procured theviolation by any person ofany provision of theSecurities Act of 1933, theSecurities Exchange Act of1934, the InvestmentAdvisers Act of 1940, theInvestment Company Act of1940, the CommodityExchange Act, or any rule orregulation under any of suchActs, or any of the rules ofthe Municipal SecuritiesRulemaking Board? or

(3) failed reasonably tosupervise another personsubject to your supervision,with a view to preventing theviolation by such person ofany provision of theSecurities Act of 1933, theSecurities Exchange Act of1934, the InvestmentAdvisers Act of 1940, theInvestment Company Act of1940, the CommodityExchange Act, or any rule orregulation under any suchActs, or any of the rules ofthe Municipal SecuritiesRulemaking Board?

Capacities Affected: broker, dealer, investment adviser, municipal securities dealer, municipal advisor,transfer agent, or NRSRO

Duration: Indefinite

Start Date: 06/04/2018

End Date:

Sanction 1 of 1

Sanction Type: Bar (Permanent)






Regulator Statement In anticipation of the institution of these proceedings, Endres has submitted anOffer of Settlement (the Offer) which the Commission has determined to accept.Solely for the purpose of these proceedings and any other proceedings brought byor on behalf of the Commission, or to which the Commission is a party, and withoutadmitting or denying the findings herein, except as to the Commission's jurisdictionover her and the subject matter of these proceedings and the findings, which areadmitted, Endres consents to the entry of this this Order Instituting AdministrativeProceedings Pursuant to Section 203(f) of the Investment Advisers Act of 1940,Making Findings, and Imposing Remedial Sanctions Order. In view of theforegoing, the Commission deems it appropriate and in the public interest toimpose the sanctions agreed to in Endres' Offer. Accordingly, it is hereby orderedpursuant to Section 203(f) of the Advisers Act, that Endres be, and hereby isbarred from association with any investment adviser, broker, dealer, municipalsecurities dealer, municipal advisor, transfer agent, or nationally recognizedstatistical rating organization (NRSRO).

Disclosure 2 of 5

i



California Dept. of Business Oversight

Sanction(s) Sought: Bar


Docket/Case Number: 22036

URL for Regulatory Action: http://www.dbo.ca.gov/ENF/List/L/Lifetime%20Wealth%20advisors,%20LLC.asp


Lifetime Wealth Advisors LLC

Product Type: Futures-Financial

Allegations: Subject was previously barred in home state Colorado for trading client accountswithout permission using risky unsuitable stock trading strategy causing largelosses. Clients in California reported similar occurances


Resolution: Order








Sanctions Ordered:

Regulator Statement Action was based on prior Colorado Securities findings and bar and revocationorder


Yes

Bar (Permanent)

Capacities Affected: All capisities in securities and commodities trading

Duration:


End Date:

Sanction 1 of 1


Disclosure 3 of 5

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Massachusetts

Sanction(s) Sought: BarCease and DesistCensureCivil and Administrative Penalty(ies)/Fine(s)ProhibitionRevocation



URL for Regulatory Action:


Lifetime Wealth Advisors, LLC (CRD # 173832)

Product Type:12�2020 FINRA. All rights reserved. Report about BARBARA A. ENDRES.






Allegations: On October 17, 2017, Ms. Endres and Lifetime Wealth Advisors, LLC entered intoa "Stipulation for Consent Order" with the Colorado Securities Division thatresulted in a Consent Order permanently revoking Lifetime Wealth's registration asan investment adviser and Ms. Endres' registration as an investment adviserrepresentative in Colorado.


Resolution: Order


Sanctions Ordered:


No

Bar (Permanent)Cease and DesistCensureCivil and Administrative Penalty(ies)/Fine(s)Prohibition

Limitation Details: On October 20, 2017, the Division summarily suspended Lifetime Wealth'sregistration as an investment adviser and Ms. Endres' registration as aninvestment adviser representative in Massachusetts.

Capacities Affected: Investment Adviser Representative

Duration: Permanent


End Date:

Sanction 1 of 1


Monetary Related Sanction: Civil and Administrative Penalty(ies)/Fine(s)

Total Amount: $5,000.00

Portion Levied againstindividual:

$5,000.00

Monetary Sanction 1 of 1

Payment Plan: N/A13�2020 FINRA. All rights reserved. Report about BARBARA A. ENDRES.





Regulator Statement Ms. Endres has been permanently barred/prohibited from offering and sellingsecurities; being a manager, director, officer, partner, and/or control person of anyentity offering or selling securities; acting as a manager, director, officer, partner,and/or control person of any entity that manages a security as defined by MGL c.110A, section 401(k).

Date Paid by individual:

Was any portion of penaltywaived?

Yes

Amount Waived: $5,000.00

Payment Plan: N/A

Is Payment Plan Current:

Disclosure 4 of 5

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Massachusetts

Sanction(s) Sought: BarCease and DesistCensureCivil and Administrative Penalty(ies)/Fine(s)ProhibitionRevocationSuspension





Lifetime Wealth Advisors, LLC (CRD # 173832)


Allegations: There is a pending administrative action to revoke the Lifetime Wealth Advisors,LLC's registration as an investment adviser and Ms. Endres' registration as aninvestment adviser representative in Massachusetts. On 10/20/2017 an ex parteorder was entered suspending Lifetime Wealth's registration as an investmentadviser and Ms. Endres' registration as an investment adviser representative inMassachusetts.





www.finra.org/brokercheck User GuidanceThere is a pending administrative action to revoke the Lifetime Wealth Advisors,LLC's registration as an investment adviser and Ms. Endres' registration as aninvestment adviser representative in Massachusetts. On 10/20/2017 an ex parteorder was entered suspending Lifetime Wealth's registration as an investmentadviser and Ms. Endres' registration as an investment adviser representative inMassachusetts.


Resolution: Order


Sanctions Ordered:


No

Bar (Permanent)Cease and DesistCensureCivil and Administrative Penalty(ies)/Fine(s)ProhibitionRevocation

Limitation Details: Lifetime Wealth Advisors, LLC's registration as an investment adviser and Ms.Endres' registration as an investment adviser representative in Massachusettshave been suspended effective 10/20/2017.

Capacities Affected: Investment Adviser Representative

Duration: Permanent


End Date:

Sanction 1 of 1


Monetary Related Sanction: Civil and Administrative Penalty(ies)/Fine(s)

Total Amount: $5,000.00

Portion Levied againstindividual:

$5,000.00

Date Paid by individual:


Yes

Monetary Sanction 1 of 1

Payment Plan: N/A

Is Payment Plan Current:






Regulator Statement LIFETIME WEALTH ADVISORS, LLC'S REGISTRATION AS AN INVESTMENTADVISER AND MS. ENDRES' REGISTRATION AS AN INVESTMENT ADVISERREPRESENTATIVE IN MASSACHUSETTS WERE SUSPENDED EFFECTIVE10/20/2017, PENDING RESOLUTION OF THE ADMINISTRATIVE ACTION TOREVOKE. LIFETIME WEALTH ADVISORS, LLC'S REGISTRATION AS ANINVESTMENT ADVISER AND MS. ENDRES' REGISTRATION AS ANINVESTMENT ADVISER REPRESENTATIVE IN MASSACHUSETTS WEREREVOKED BY CONSENT ORDER ON NOVEMBER 8, 2017.


Yes

Amount Waived: $5,000.00

Disclosure 5 of 5

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Colorado

Sanction(s) Sought: BarRevocation


Docket/Case Number: 2017 CDS 055



Lifetime Wealth Advisors, LLC (#173832)

Product Type: Equity Listed (Common & Preferred Stock)

Allegations: IAR recommended unsuitable investments, placed trades in non-discretionaryaccounts without authorization, retained fees that should have been reimbursedand engaged in fraud by making false or misleading statements to clients.


Resolution: Stipulation and Consent








Sanctions Ordered:

Regulator Statement Barbara Endres is barred from association with any licensed broker-dealer,investment adviser, or federally covered adviser that conducts business inColorado. Barbara Endres shall not reapply for a securities license of any kind inColorado. Barbara Endres shall not make recommendations or otherwise renderadvise to clients regarding securities and shall not manage securities accounts orportfolios for clients.


Yes

Bar (Permanent)RevocationOther: Barbara Endres shall not make recommendations or otherwise renderadvise to clients regarding securities and shall not manage securities accounts orportfolios for clients.

Capacities Affected: All Capacities

Duration:


End Date:

Sanction 1 of 1







Financial - Final

This type of disclosure event involves a bankruptcy, compromise with one or more creditors, or Securities Investor Protection Corporationliquidation involving the broker or an organization/brokerage firm the broker controlled that occurred within the last 10 years.

Disclosure 1 of 1

Reporting Source: Broker

Action Type: Bankruptcy

Action Date: 06/18/2015

Organization Investment-Related?

No

Action Pending? No

Disposition: Discharged

Disposition Date: 07/17/2015

Currently Open? No

Date Direct PaymentInitiated/Filed or TrusteeAppointed:

Bankruptcy: Chapter 7

Type of Court: Federal Court

Name of Court: DISTRICT OF COLORADO, US BRANKRUPTCY COURT

Location of Court: GRAND JUCTION, COLORADO

Docket/Case #: 15-16779-SBB

Amount Paid:

SIPA (Securities InvestorProtection Act)Trustee:






End of Report

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barbara ann endres · 2020-06-20 · barbara a. endres crd# 1688767 this broker is not currently...

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