The Securities and Exchange Commission filed a complaint, February 21, 2014, in the U.S. District Court for the Southern District of Ohio, alleging Charles P. O'Brien, from 1998 - 2008, engaged in a fraudulent scheme to misappropriate money from his client--over $298,000. The complaint alleged O'Brien had issued checks in the client's name from the client's account, had them sent to a a post office box that he controlled, and then deposited the checks into the bank account in the client's name. Allegedly, O'Brien withdrew money from his client's bank account, and used the money for personal expenses.
O'Brien has agreed to settle the charges, without admitting or denying the allegations in the Commission's complaint.
If you have experienced losses due to your stock broker/financial advisor’s recommendations, or feel your funds may have been misappropriated by your broker, call Soreide Law Group for a free consultation with an attorney on how to potentially recover your losses: 888-760-6552.
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