[ by Melanie Gretchen ] A branch manager with Wunderlich Securities was charged with diverting customer funds that had been deposited with the branch, earmarked for investment.  Instead, those funds went toward personal expenditures and branch costs, including employees' salaries. Branch Manager. Cameron Grizzle entered the securities industry in 1994 Registered Rep.  At some point in time, he became associated with Wunderlich Securities, Inc., which carried his Registered Rep and Registered Securities Principal licenses. FINRA Findings and Allegations. On 6/8/09, a customer received a premature distribution from his IRA in the amount of $35K, which he wired into the account name of Executive Capital Management, LLC, the same account Grizzle used to operate his Wunderlich branch office.  Grizzle agreed to invest the funds in an entity called Titan Energy. Grizzle issued a promissory note on 6/9/09 requiring that Executive Capital Management, LLC repay the customer the principal amount and simple interest at a rate of 8% per annum by or before a maturity date of June 8, 2010.  The customer believed that the funds were being held in a qualified money market account by Executive Capital Management awaiting the next available offering in Titan Energy. Instead of investing the funds in Titan Energy, however, Grizzle used the funds to pay Executive Management's monthly operational expenses, including the payment of employees' salaries and other business expenses, to ensure business continuity.  Following Executive Capital Management's receipt of the funds from the customer, Grizzle personally received at least $13,000 in funds from Executive Management.  Grizzle misused the customer's investment funds without the knowledge, approval, or consent of that customer. To date, Grizzle has repaid approximately $11,000 of the converted funds to MK. FINRA Sanctions. Grizzle failed to completely respond to FINRA requests for information, and failed to appear for an on-the-record interview.  He was barred from the industry. For further details, go to:  [FINRA AWC #2010022893901].  This was a [Disciplinary Action for February 2012]