FINRA Takes Action Against Massachusetts Broker Nilda Lee Vasey for Converting her Customers’ Funds for her Own Personal Use

According to FINRA’s Disciplinary and Other FINRA Actions publication, Nilda Lee Vasey (CRD No. 4842504) was barred from associating with any FINRA member after she converted customer funds for her own personal use.

FINRA alleged that between June 2012 and August 2013 Vasey requested that six (6) customers make their yearly financial planning fee checks or wire transfers payable to Vasey personally, which is against the firm’s policy. Vasey then electronically received, cashed or deposited the Customers’ funds totaling approximately $5,475 and used the funds for her own personal use. Respondent’s conduct violated FlNRA Rules 2150(a) and 2010. (See FINRA Case No. 2014041051801)

Nilda Lee Vasey was an active broker for 10 years with the following member firm(s):

LINCOLN FINANCIAL ADVISORS CORPORATION
CRD# 3978
WALTHAM, MA
12/2013 – 01/2015

AMERIPRISE FINANCIAL SERVICES, INC.
CRD# 6363
QUINCY, MA
01/2005 – 10/2013

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 who have been victims of securities fraud. If you have lost money as a result of securities fraud, you may be entitled to recover your investment losses. Contact our office toll free at (239) 649-0050 for a free initial consultation.

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