Constance Marie Larsen (CRD #1171750, Centreville, Virginia) was assessed a deferred fine of $20,000 and suspended by FINRA for two years for allegedly borrowing $16,900 from an elderly client without notifying or receiving pre-approval from her member firm. FINRA's findings stated that Larsen knew the firm’s written procedures prohibited the loans and she took steps […]

FINRA publishes a quarterly review to provide firms with a sampling of recent disciplinary actions involving misconduct by registered representatives. "Willfully Failing to Disclose Material Information on a Form U4" Recently, FINRA settled a matter involving a registered representative who willfully failed to amend his Form U4 to disclose tax liens and judgments, and failed […]