According to FINRA’s Disciplinary and Other FINRA Actions publication, William Oscar Hardy Jr. (CRD #1444999) was barred by FINRA for misusing customer insurance premium funds which caused the customer’s policy to lapse. FINRA alleged that Hardy misused $658 in customer funds by applying them to various insurance policies held by the customer’s daughter and son-in-law, and depositing some of the funds into his personal business checking account, instead of paying the customer’s premium payments for his fixed life insurance policy. As a result, the customer’s policy lapsed. (See FINRA AWC. No. 2014039881901)
According to FINRA’s Broker Check, William Hardy has been permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public. Hardy was registered in the securities industry for twenty eight (28) years with the following firm(s):
NYLIFE SECURITIES LLC
CRD #5167
TALLAHASSEE, FL
05/2002 – 03/2014
MUTUAL OF OMAHA INVESTOR SERVICES, INC.
CRD #611
OMAHA, NE
12/1985 – 03/2002
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