The Financial Industry Regulatory Authority (FINRA) barred Matthew R. Quinn (CRD# 4478751) for alleged theft from elderly clients. FINRA reported that allegedly Quinn withdrew the funds from the accounts of elderly bank clients while he was working at Fifth Third, Cincinnati, Ohio. He also worked as a teller there. Quinn refused to cooperate with FINRA […]

George Wayne Hoffman (CRD #5068220, Parkville, Maryland) was barred by FINRA for allegedly converting $17,000 from an elderly client for his own benefit, without the client’s knowledge or authorization. FINRA's findings stated that Hoffman used falsified letters of authorization (LOAs) to cause his firm to transfer money from the client’s account at the firm to […]

Robert John Head (CRD #240935, Omaha, Nebraska) was barred by FINRA for allegedly exercising discretion in the account of an elderly client diagnosed with dementia without obtaining the customer’s prior written consent to do so. Robert Head was in the securities industry for 45 years. FINRA's findings stated that Head recommended transactions that were qualitatively […]

JEFFERY C. MCCLURE (CRD# 4869698) a former Wells Fargo Advisors broker from Chico, CA, was permanently barred by the Financial Industry Regulatory Authority (FINRA) for allegedly stealing almost $89,000 from his elderly client. Allegedly, McClure wrote 36 checks totaling $88,850 between December 2012 and August 2014 without his client's consent and deposited them into his […]

In a recent Wall Street Journal investigation, they analyzed records of approximately 550,000 stockbrokers, and identified 16 hot spots in the United States where troubled brokers tend to concentrate. The areas identified were clustered in these seven states: New York, New Jersey. Florida, Michigan, Arizona, Nevada, and California. The article sites in particular, Delray Beach, […]