Finra alleged Pennsylvania broker made unsuitable trades in non-traditional ETFs for conservative customer.
Broker made 40 trades before informing his firm that his client had died, Finra alleged.
Broker allegedly violated Commonwealth and Cetera’s prohibition against borrowing from clients and gave false information to Finra.
Among the violations, broker made 900 trades in one client’s account without their knowledge or authorization, Finra said.
Former broker who was once a top advisor in Connecticut must serve four months of home detention for misleading investigators, according to a release.
Broker vindicated after firm “failed to produce any evidence” she had violated firm policy, panel says.
Parties: Grace S. Huitt v. Wilbanks Securities Inc. Case Summary: Claimant asserted the following causes of action in the Statements…
Broker accepts 18-month suspension and $15,000 fine without admitting or denying Finra’s findings.