Boca Raton Florida Broker Barred by FINRA for Allegedly Converting Funds from Clients’ Accounts

According to FINRA’s Disciplinary and Other FINRA Actions publication, Richard W. Ohrn (CRD No. 5106991) of Boca Raton, was barred by FINRA for allegations of theft from his elderly clients. FINRA’s findings alleged that Ohrn converted a total of $15,250 from two (2) of his elderly clients at Chase Investment Services Corporation. Allegations also stated the Ohrn forged or falsified the signatures of four (4) customers at Chase Investment Services Corporation, on nine (9) separate documents, and also changed the addresses of these clients so that their statements would be mailed to Ohrn’s firm or his firm’s bank. (See FINRA Disciplinary Proceeding No. 2012030987301)

According to FINRA’s Broker Check, Richard W. Ohrn has been permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public. Ohrn was registered in the securities industry for four (4) years, and was registered with the following firm(s):

WELLS FARGO ADVISORS, LLC
CRD #19616
BOCA RATON, FL
06/2011 – 08/2012

CHASE INVESTMENT SERVICES CORP.
CRD #25574
BOCA RATON, FL
07/2009 – 06/2011

USF SECURITIES, L.P.
CRD #37942
PALM BEACH, FL
08/2006 – 12/2007

If you have suffered investment losses as a result of your broker’s or brokerage firm’s misconduct, contact the Hanley Law to discuss your legal options. The Hanley Law is dedicated to helping investors nationwide. If you have lost money as a result of your broker’s recommendations, you may be entitled to recover your investment losses. Contact our office toll free at (239) 649-0050 for a complimentary initial consultation.

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