Tag: broker theft from customers

Former Alabama Advisor, Keith Rogers, Barred by FINRA After Allegations of Theft

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According to FINRA’s Disciplinary and Other FINRA Actions publication and the State of Alabama, Keith Michael Rogers (CRD No. 4987615), a former Alabama Financial Advisor, was the subject of a Cease and Desist Order based on allegations that Rogers engaged in selling away, the sale of unregistered securities, unauthorized fund transfers and conversion. (See Administrative Order No. CD-2014-0016) FINRA further alleged that Rogers misappropriated funds by improperly diverting funds from the bank accounts of certain customers to an account he controlled. (See FINRA AWC No. 2014041532601)

According to FINRA’s Broker Check, Keith Michael Rogers has been permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public. Rogers was registered in the securities industry for seven (7) years, and was registered with the following firm(s):

G.L.S & ASSOCIATES, INC.
CRD #47502
HUNTSVILLE, AL
01/2006 – 01/2013

G.L.S. & ASSOCIATES, INC.
CRD #47502
HUNTSVILLE, AL
01/2006 – 01/2006

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.

Florida Broker Terminated for Allegedly Using Customer Funds for His Own Personal Benefit

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According to FINRA’s Disciplinary and Other FINRA Actions Publication, Giovanni L. Acevedo (CRD No. 2508321) of Voya Financial Advisors, formerly known as ING Financial Partners, was terminated for allegedly stealing money from his clients and for providing false information to FINRA during its investigation.

FINRA alleged that Acevedo converted more than $160,000 from three (3) customers for his own personal use rather than investing the clients’ funds. Acevedo allegedly took checks from his clients, altered the payee line, and deposited them into his personal account rather than investing the funds. (See FINRA Disciplinary Proceeding No. 2014041529001)

According to FINRA’s Broker Check, Giovanni L. Acevedo is not currently licensed to act as a broker or as an investment adviser. Acevedo was registered in the securities industry for twenty years (20) with the following firm(s):

VOYA FINANCIAL ADVISORS, INC.
CRD #2882
WILTON MANORS, FL
08/2006 – 09/2014

QUESTAR CAPITAL CORPORATION
CRD #43100
FORT LAUDERDALE, FL
02/2000 – 08/2006

FIRST UNION BROKERAGE SERVICES, INC.
CRD #8112
CHARLOTTE, NC
07/1994 – 02/2000

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.

Former Merrill Lynch and Wells Fargo Advisors Broker Barred by FINRA for Alleged Conversion of Clients’ Funds

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According to FINRA’s Disciplinary and Other FINRA Actions publication, Tammy Charlene Petersen (CRD No. 4161501), a former Merrill Lynch and Wells Fargo Advisors broker based out of Virginia, was barred by FINRA for the conversion of Clients’ funds for her personal benefit.

FINRA alleged that Petersen converted approximately $107,378 from her member firm clients for her personal benefit without the clients’ knowledge or consent. Peterson allegedly facilitated wire transfers from customers’ bank accounts to accounts that she controlled. (See FINRA AWC No. 20140438720)

According to FINRA’s Broker Check, Peterson has been permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public. Tammy Charlene Petersen (aka Tammy Charlene Barber and Tammy Charlene Broussard) was registered with the securities industry for twelve (12) years with the following firm(s):

MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
CRD #7691
NEWPORT NEWS, VA
11/2010 – 11/2014

WELLS FARGO ADVISORS, LLC
CRD #19616
NORFOLK, VA
09/2009 – 01/2010

WELLS FARGO ADVISORS, LLC
CRD #19616
NORFOLK, VA
06/2004 – 08/2009

AMERICAN FUNDS DISTRIBUTORS, INC.
CRD # 6247
LOS ANGELES, CA
07/2000 – 05/2003

If you have suffered financial 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 who have been victims of securities fraud. If you have been a victim of securities fraud, you may be entitled to recover your investment losses. Contact the Hanley Law toll free at (239) 649-0050 for a complimentary initial consultation.

Former Huntington Bank Broker of Columbus Ohio Barred by FINRA for Misappropriation of Client Funds

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According to FINRA’s Disciplinary and Other FINRA Actions publication, Bryan A. Carnahan (CRD No. 3103811), a former broker with Huntington Bank in Hilliard, Ohio, was barred by FINRA for misappropriation of funds from a Huntington customer.

FINRA alleged that between September 2013 and March 2015, Carnahan converted approximately $169,500 from one of his customers by causing fund transfers to be made on five occasions from the customer’s brokerage account to her bank account at the Firm’s affiliated bank. FINRA further alleged that Carnahan then had his client withdraw funds from her bank account and get cashier’s checks for supposed investments. FINRA alleged that after Carnahan took possession of the cashier’s checks, he fraudulently caused them to be re-issued in the form of multiple cashier’s checks (totaling approximately $169.500) that were payable to his own accounts and to the accounts of at least 13 of his other customers who had suffered investment losses. (See FINRA AWC No. 2015044908301)

According to FINRA’s Broker Check, Bryan A. Carnahan was permanently barred by FINRA from acting as a broker or otherwise associating with firms that sell securities to the public. Carnahan was registered in the securities industry for sixteen (16) years with the following firm(s):

THE HUNTINGTON INVESTMENT COMPANY
CRD #16986
COLUMBUS, OH
02/1999 – 03/2015

JOHN HANCOCK DISTRIBUTORS, INC.
CRD #486
BOSTON, MA
08/1998 – 12/1998

If you have suffered financial 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 represents investors nationwide and is dedicated to helping investors who have been victims of securities fraud. If you have been a victim of securities fraud, you may be entitled to recover your investment losses. Contact the Hanley Law toll free at (239) 649-0050 for a complimentary initial consultation.

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

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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.