Tag: conversion of funds by broker

Former Arizona Broker Barred by FINRA for Conversion of Client Funds

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According to FINRA’s Disciplinary and Other FINRA Actions publication, Adam Robert Bollinger (CRD #6065030), a former Edward Jones broker, was barred by FINRA for allegedly converting funds from seven (7) individuals, six (6) of whom were Firm customers. FINRA alleged that during the period of February through December 2014, Bollinger converted $17, 525 by requesting that the individuals make out checks payable to him for a variety of reasons, such as for charitable contributions. FINRA further alleged that rather than using the funds for their intended purposes, Bollinger converted the funds for his own personal use and benefit. (See FINRA AWC No. 2015044164801)

According to FINRA’s Broker Check, Adam Robert Bollinger has been permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public. Bollinger was registered in the securities industry for two (2) years with the following firm(s):

EDWARD JONES
CRD #250
CHANDLER, AZ
08/2012 – 01/2015

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.

North Carolina Broker Charles Caleb Fackrell Formerly of LPL Financial Barred by FINRA

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The Hanley Law (239) 649-0050 recently discovered that according to FINRA’s Disciplinary and Other FINRA Actions publication, Charles Caleb Fackrell (CRD #5369665) allegedly converted customer funds and sold private securities offerings away from his brokerage firm, without the firm’s approval. FINRA further alleged that Fackrell failed to cooperate with FINRA’s investigation by not providing requested documents and information. (See FINRA AWC No. 20140437052).

According to FINRA’s Broker Check, Fackrell has been permanently barred by FINRA from acting as a broker or otherwise associating with firms that sell securities to the public.

Charles Caleb Fackrell was registered in the securities industry for six (6) years with the following member firm(s):

LPL FINANCIAL, LLC
CRD #6413
YADKINVILLE, NC
06/2010 – 12/2014

WELLS FARGO ADVISORS, LLC
CRD #19616
HIGH POINT, NC
12/2009 – 06/2010

SUNTRUST INVESTMENT SERVICES, INC.
CRD #17499
YADKINVILLE, NC
07/2008 – 12/2008

MORGAN STANLEY & CO., INC.
CRD #8209
WINSTON-SALEM, NC
08/2007 – 02/2008

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