Connecticut Broker Anthony Neil Wenham Suspended by FINRA for Concealing Losses

Anthony Neil Wenham (CRD #4531762), a former Stamford, Connecticut broker, served a three-month suspension from the securities industry after the Financial Industry Regulatory Authority (FINRA) found he falsified firm records to hide millions in losses. In a March 26, 2025, action (Case #2022073296301), FINRA imposed a $5,000 deferred fine and barred Wenham from associating with any FINRA member firm in any capacity from March 31 through June 29, 2025.

Why FINRA Took Action

According to FINRA, between June 13 and August 26, 2022, Wenham, then with Cantor Fitzgerald & Co., entered or directed 440 inaccurate “marks” for four forward start reverse repurchase positions in the firm’s records. These marks drastically understated losses and overstated the positions’ value by millions, making the firm’s books and profit-and-loss reports appear far stronger than they actually were.

The discrepancies came to light when the firm implemented an automated marking system, revealing that the positions’ combined net present value was roughly negative $9 million. FINRA determined that Wenham’s actions violated Rule 2010, which requires brokers to act with commercial honor and uphold just and equitable principles of trade.

In the March 26, 2025, Order Accepting Offer of Settlement, Wenham accepted the $5,000 deferred fine and the three-month suspension. He resolved the matter without admitting or denying the allegations.

Wenham’s Background & Credentials

Wenham built a two-decade career in the securities industry before the recent FINRA action. His registration history includes time with:

• CF Secured, LLC (2018-2022)
• Cantor Fitzgerald & Co. (2006-2022)
• Cantor Fitzgerald Securities (2002-2006)

During his career, Wenham obtained several industry licenses, including the Series 7, Series 63, Series 99 and the Securities Industry Essentials (SIE) exam. He is not currently registered with any FINRA member firm.

Investor Red Flags & Lessons

Falsifying firm records undermines the accuracy of market data, distorts firm oversight and erodes the trust that clients place in their financial professionals. In Wenham’s case, the inaccurate marks masked millions in unrealized losses, which could have influenced decisions made by both the firm and its clients.

For investors, certain patterns can serve as early warning signs of potential misconduct:

• Lack of transparency when asking about how trades are valued or priced.
• Unusual or unexplained performance figures for specific investments or positions.
• Sudden changes in how account information or performance reports are presented.

Investors should regularly review their account statements and request written explanations for any trade or valuation they do not understand. Proactive monitoring can help detect irregularities before they escalate into significant losses.

Speak With an Experienced Securities Attorney Today

Sonn Law Group investigates cases involving falsified records, trading misconduct and regulatory violations. We represent individuals, families and institutions nationwide in FINRA arbitration. Our firm works on a contingency fee basis, so there are no fees unless we recover compensation.If you believe you suffered financial harm related to Anthony Neil Wenham’s conduct, call 833-912-3000 or complete our online contact form for a free, confidential consultation.