Tag: broker theft from elderly customers

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

Posted by finralawyer on with 0 Comment

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.

FINRA Takes Action Against New York Broker Robert Durant Tucker for Falsifying the Wire Transfer of an Elderly Client’s Funds for His Own Personal Use

Posted by finralawyer on with 0 Comment

According to FINRA’s Disciplinary and Other FINRA Actions publication, Robert Durant Tucker (CRD No. 1725356) was barred from associating with any FINRA member and fined approximately $4,000.00 by FINRA for improperly approving a transfer of customer funds to his personal checking account and converting those funds.

FINRA affirms that Tucker arranged a wire request form instructing the clearing firm to wire $4,500.00 from an elderly customer’s account to his personal bank account. Pursuant to the firm’s rules, such a request must be approved by a manager. However, Tucker circumvented this rule by using a fax machine from another location to fax the wire transfer request. After the client verbally complained to the firm regarding the unauthorized transfer, the firm confronted Tucker and he made plans for a friend to repay the client. (See FINRA Case No. 2009016764901)

Robert Durant Tucker was an active broker for 18 years with the following member firm(s):

AVENIR FINANCIAL GROUP
CRD# 148490
NEW YORK, NY
12/2012 – 03/2013

ICM CAPITAL MARKETS LTD.
CRD# 103725
NEW YORK, NY
01/2010 – 11/2012

UNION FINANCIAL CORP.
CRD# 30650
NEW YORK, NY
10/2009 – 01/2010

BISHOP, ROSEN & CO., INC.
CRD# 1248
NEW YORK, NY
06/2008 – 01/2009

BRILL SECURITIES, INC.
CRD# 18565
NEW YORK, NY
12/2007 – 06/2008

PHD CAPITAL
CRD# 38785
NEW YORK, NY
10/2007 – 12/2007

PRESTIGE FINANCIAL CENTER, INC.
CRD# 30407
NEW YORK, NY
01/2007 – 09/2007
FINRA expelled the firm in 05/2011

MEYERS ASSOCIATES, L.P.
CRD# 34171
NEW YORK, NY
06/2005 – 02/2007

VFINANCE INVESTMENTS, INC
CRD# 44962
BOCA RATON, FL
02/2005 – 06/2005

POINTE CAPITAL, LLC
CRD# 112097
TAMPA, FL
05/2005 – 05/2005

GUNNALLEN FINANCIAL, INC.
CRD# 17609
TAMPA, FL
09/2002 – 03/2005

SCHNEIDER SECURITIES, INC.
CRD# 16434
DENVER, CO
09/2001 – 11/2002

INVESTPRIVATE, INC.
CRD# 103737
NEW YORK, NY
04/2001 – 08/2001

BROADBAND CAPITAL MANAGEMENT, LLC
CRD# 48001
NEW YORK, NY
01/2001 – 04/2001

FIRST REPUBLIC GROUP, LLC
CRD# 39781
NEW YORK, NY
06/2000 – 02/2001
FINRA expelled the firm in 09/2009

WHALE SECURITIES CO., L.P.
CRD# 13516
NEW YORK, NY
11/1998 – 07/2000

JWGENESIS SECURITIES, INC.
CRD# 33832
BOCA RATON, FL
10/1998 – 11/1998

NATIONAL SECURITIES CORPORATION
CRD# 7569
SEATTLE, WA
08/1998 – 09/1998

THE BOSTON GROUP
CRD# 37652
LOS ANGELES, CA
03/1997 – 07/1998

AMERICORP SECURITIES, INC.
CRD# 30405
NEW YORK, NY
12/1995 – 03/1997

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 complimentary initial consultation.