RRBDLaw.com: FINRA Cases Update
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The December FINRA Enforcement cases are now online and analyzed by Bill Singer. Note that December was a bumper month for improper borrowing from customers by brokers. You have the classy broker who opened an unauthorized credit card account in the name of an elderly client, ran up a five-figure sum, and then tried to blame it all on a fictitious part-time employee. Then there is the other broker who borrowed $30,000 from a living client and decided it was okay to only pay $1,000 of that debt back to the estate.