FINRA Bars former Securities America Rep For Conversion (BrokeAndBroker.com Blog)
Bill Singer
![Bill Singer]()
Bill Singer
A critic of the inept and incompetent, and an advocate for economic and political sanity. It's a lonely journey but I walk it. Wall Street legal, regulatory, and compliance veteran since 1982.
https://www.brokeandbroker.com/6997/finra-raineri-conversion-awc/
In a recent FINRA regulatory settlement, it is alleged that the pro se Respondent engaged in conversion when he made payments of a customer's personal expenses "without consent." Except the AWC settlement also states that the payments were made at the "request" of the customer. It makes no sense that the cited payments were made "without consent" of the very customer who had requested the payments. All of which raises questions about FINRA's sloppy work and whether a lawyer might have prompted a different outcome for the Respondent.?