Two former bank advisors have joined FINRA's hall of shame. 

The two—Tammy C. Petersen, a former advisor with Bank of America in Newport News, Va., and Matthew Roger Quinn, an ex-broker with Fifth Third Securities in Cincinnati—were banished from the industry late last month for allegedly stealing  money from customers. The two join nine other registered reps barred by FINRA so far this year.  

According to FINRA's filing, Petersen allegedly stole a total of $107,378 from four customers.  FINRA claims that on Jan. 8, 2014, she facilitated a wire transfer of $48,689 from a customer's Merrill Lynch brokerage account to one of several bank accounts she controlled and then used the money for her own use and benefit.  She did the same with a different customer, pilfering another $48,689 on March 7, 2014, FINRA said.

In addition, on Feb. 5, 2014, she is said to have facilitated the transfer of $5,000 from a third customer's bank account to her own bank account. Then, two days later she purportedly struck again, transferring $5,000 from another customer's bank account to her own.

When reached by phone, Petersen declined to comment. In her settlement with FINRA, she neither admitted nor denied the charges but consented to an entry of FINRA's findings.

Bill Halldin, a spokesman for Merrill Lynch, declined to comment on Peterson's expulsion from the industry but noted that the firm fully compensated all affected clients. 

Peterson, who was registered with Merrill Lynch, was dismissed from the firm in November of 2014, according to FINRA.

The other broker—Quinn of Fifth Third Securities—was barred for allegedly withdrawing funds from three elderly bank customers, ages 76, 86 and 89. FINRA did not disclose how much was withdrawn.

According to his BrokerCheck report, Quinn was dismissed from Fifth Third Securities in October of 2013 on suspicions that he stole funds from bank clients in his capacity as a teller at Fifth Third Bank. 

Quinn failed to cooperate with FINRA's investigation, refusing to appear for testimony, behavior that automatically leads to a bar, the regulator said.

Quinn did not respond to an email sent to them via BrightScope Advisor Pages, an online directory for financial advisors.  He could not otherwise be reached for comment.  In his settlement with FINRA, Quinn neither admitted nor denied the charges but consented to an entry of FINRA's findings.

Larry S. Magnesen, a spokesperson for Fifth Third Bank, declined to comment, saying that the bank does not comment on litigation matters.

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