3 Local Brokers Fined, Barred From Trading : Securities: Federal regulators dole out a total of $240,000 in fines against the trio, who each work for different firms. They are ordered to pay restitution for crimes dating back to 1992.


Three Orange County brokers have been fined a total of $240,000, barred from securities trading and ordered to pay restitution after investigations of separate incidents dating back to 1992, federal regulators said Monday.

The largest penalty was levied against James A. Keiderling, a Buena Park broker who was fined $120,000. He was also ordered to reimburse $85,885, the National Assn. of Securities Dealers said, after its investigators found that Keiderling had received that amount from a customer to buy securities, then put it to his own use.

Jerry W. McClintic, an Irvine broker, was fined $100,000 and ordered to offer investors $54,000 if they were not reimbursed by his firm, IDS Financial Services Inc. The decision was based on findings, NASD officials said, that he sold limited partnerships, then failed to return the investors’ funds after he could not meet the terms of the deal.


The NASD also took action against Abdollah H. Jirvand, fining the Anaheim broker $20,000. Jirvand, who worked in the Santa Fe Springs offices of Pruco Securities Corp., did not admit or deny charges that he stole $800 worth of dividends that had accumulated on a customer’s life insurance policy, NASD officials said.

The three were among those whose names were released in Washington on Monday by NASD, which operates the Nasdaq market and oversees member firms’ trading in stocks.