Broker Theft Allegations Lead to Hundreds of Lifetime Bans
Danielle Verbrigghe and Billy Nauman for FundFire, March 13, 2017
“Theft or conversion is at the top of the list of things that FINRA enforcement and other regulatory agencies are looking to stop, says Michael Gross, a partner at Ulmer & Berne, who is a former FINRA enforcement attorney, and now represents broker-dealers and reps in enforcement and other matters. But rooting out theft can be a challenge, as reps continuously come up with creative was to evade detection.”
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