FINRA has added another bank rep to the growing roster of individuals it has expelled from the industry this year.
Salena Lynn Woods, a former employee of J.P. Morgan Securities in Houston, was barred on Tuesday for failing to cooperate with an investigation into allegations that she misappropriated funds from a retail bank customer's account.
Woods was discharged from J.P. Morgan in June 2015 for allegedly depositing a check from a bank customer's account into their personal mortgage account with another financial institution without the customer's knowledge or consent, according to an entry in her BrokerCheck report.
FINRA declined to provide additional details beyond what was in BrokerCheck.
Woods refused to provide FINRA with requested documents and information, a violation that automatically results in a bar.
Woods joined Chase Investment Services, a predecessor of J.P. Morgan Securities, in May 2008, according to BrokerCheck.
Woods did not respond to an email sent to her via BrightScope Advisor Pages, an online directory of financial advisors. She could not otherwise be reached for comment. In her settlement with FINRA, Woods neither admitted nor denied the allegations, but consented to an entry of FINRA's findings.
Mike Fusco, a spokesperson for Chase Wealth Management, declined to comment.
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