March 18, 2013

Florida Rep Barred by FINRA for Forging Client's Signature and Misappropriation of Funds

business man holding his head with text asking questions about stock broker misconduct

Soreide Law Group, a Securities Arbitration Law Firm, (888) 760-6552, found the following information on FINRA’s website under “Disciplinary and Other FINRA Actions, March, 2013.”

Johan Mary-Lyn Akal (CRD #4050242, Registered Representative, Sarasota, Florida)
was barred from association with any FINRA member in any capacity. This sanction was based on findings that Akal forged a bank customer’s signature on cash withdrawal slips and effected cash withdrawals from the customer’s account totaling $47,186.58 without the permission or authority from the customer or the bank, thereby misappropriating the funds. The bank later reimbursed the customer in full.

FINRA's findings stated that Akal failed to respond to FINRA requests for information and testimony.
(FINRA Case #2011030662501)

This ends FINRA’s information from their website.

If you have experienced a financial loss call Soreide Law Group for a free consultation with an attorney at: 888-760-6552.

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